Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0782%/8h= +85.7% APRpaid last 24h −2.135%

Price spread now: 01 Exchange against Variational Omni+0.160%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and 01 Exchange is 0.160% dearer against Variational Omni than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni S	0.03974	−0.1158	get 0.0579% / 4h	3h 07m	$619K	$75K	—
Short	01 Exchange SUSD	0.03980	−0.0376	pay 0.0047% / 1h	7m 41s	$24K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee 01 ExchangebpOrdersPrice spread, now +0.160%Rate

Funding earned: $164.29
Price spread: +0.160% → 0.000%: $16.01
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $173.3
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 21 min ago; 01 Exchange: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 21 min ago	6.32 bp	doesn't fit	82.1 bp −$821	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SUSD	−0.1542%	1h	0.03976	+0.056%	$33K	$33K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1272%	1h	0.03826	−3.715%	$47K	$5K	25x	as long as short
Variational Omni Slong	−0.1158%	4h	0.03974	long leg	$619K	$75K	—
01 Exchange SUSDshort	−0.0376%	1h	0.03980	+0.160%	$24K	$3K	5x
GMX S/USD [WBTC.b-USDC]	L −0.0173% / S +0.0169%	1h	0.03987	+0.334%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03979	+0.127%	$4	—	15x	as long as short
Orderly PERP_S_USDC	−0.0012%	4h	0.03982	+0.210%	$102K	$339K	10x	as long as short
Deribit S_USDC-PERPETUAL	−0.0001%	1h	0.03985	+0.286%	$67K	$10K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03985	+0.280%	$614	—	150x	as long as short
Aster SUSDT	+0.0012%	4h	0.03980	+0.160%	$44K	$212K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.180%	$2K	$37K	12x	as long as short
OKX S-USDT-SWAP	+0.0059%	4h	0.03978	+0.110%	$989K	$8.4M	20x	as long as short
Lighter S	+0.0096%	1h	0.03984	+0.261%	$167K	$265K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03979	+0.132%	$1.0M	$970K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03979	+0.143%	$5.5M	$25.9M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03974	+0.009%	$5.7M	$6.9M	50x	as long as short
Gate S_USDT	+0.0100%	4h	0.03975	+0.034%	$325K	$309K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03979	+0.135%	$3.7M	$3.2M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03976	+0.059%	$1.9M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03979	+0.135%	$1.2M	$3.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03978	+0.110%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03980	+0.160%	$26K	$477K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03978	+0.100%	$224K	$890K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03975	+0.034%	$275K	$204K	75x	as long as short
Backpack S_USDC_PERP	+0.0412%	1h	0.03990	+0.412%	$116K	$287K	5x	as long as short