Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bitget+1.018%7-day average +0.037% · you sell dearer than you buy

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−1.138%−$114 · spread now +1.018%, 7d avg +0.037%

Together, before fees−1.131%+ Points / potential airdropVariational Omni: Active · farm board−$113 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.982% dearer against Bitget than usual: you sell high and buy low, +$98 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget STABLEUSDT	0.02457	0.0100	pay 0.0050% / 4h	57m 32s	$282K	$91K	25x
Short	Variational Omni STABLE	0.02482	0.0100	get 0.0050% / 4h	57m 32s	$145K	$50K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee Variational OmnibpOrdersPrice spread, now +1.018%Rate

Funding earned: $0
Price spread: +1.018% → +0.037%: $98.16
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $86.16
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 57 min ago; Variational Omni: RFQ quote, 1 min ago. 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 Bitget live order book, 57 min ago	2.01 bp	67.7 bp −$68	239.3 bp −$2,393	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	12.11 bp	doesn't fit	189.7 bp −$1,897	doesn't fit	doesn't fit

STABLE on 15 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
Lighter STABLE	+0.0096%	1h	0.02475	+0.745%	$114K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02462	+0.204%	$865K	$187K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02465	+0.337%	$18K	$8K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02454	−0.121%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02459	+0.081%	$1.5M	$765K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02452	−0.204%	$195K	$370K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02459	+0.081%	$173K	$56K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02460	+0.122%	$609K	$158K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02471	+0.570%	$183K	$28K	30x	as long as short
Bitget STABLEUSDTlong	+0.0100%	4h	0.02457	long leg	$282K	$91K	25x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02458	+0.041%	—	$6.5M	—	as long as short
Variational Omni STABLEshort	+0.0100%	4h	0.02482	+1.018%	$145K	$50K	—
SunX STABLE-USDT	+0.0100%	4h	0.02468	+0.456%	$2K	$843K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02456	−0.039%	$14K	$136K	10x	as long as short
BloFin STABLE-USDT	+0.0110%	4h	0.02481	+0.977%	$119K	$7K	75x	as long as short