Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Variational Omni against BingX+0.032%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Variational Omni

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.032% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it 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	BingX UB-USDT	0.1466	0.0100	pay 0.0050% / 4h	1h 49m	—	$2.7M	—
Short	Variational Omni UB	0.1466	0.0100	get 0.0050% / 4h	1h 49m	$92	$5K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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 BingXbpFee Variational OmnibpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → 0.000%: $3.24
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.76
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 15 min ago; Variational Omni: 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 BingX live order book, 15 min ago	3.41 bp	33.4 bp −$33	123.6 bp −$1,236	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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.

UB on 14 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
Binance UBUSDT	+0.0100%	4h	0.1467	+0.089%	$3.2M	$16.5M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1465	−0.091%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1464	−0.123%	$1.3M	$16.0M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1464	−0.123%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1467	+0.095%	$644K	$691K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1464	−0.157%	$1.0M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1464	−0.109%	$2.4M	$3.6M	50x	as long as short
BingX UB-USDTlong	+0.0100%	4h	0.1466	long leg	—	$2.7M	—
Variational Omni UBshort	+0.0100%	4h	0.1466	+0.032%	$92	$5K	—
edgeX UBUSDC	+0.0100%	4h	0.1469	+0.218%	$37K	$259K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1466	−0.034%	$15K	$179K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1467	+0.072%	$943	$176K	5x	as long as short
BloFin UB-USDT	+0.0130%	4h	0.1468	+0.143%	$160K	$1.2M	50x	as long as short
Aster UBUSDT	+0.0710%	4h	0.1468	+0.150%	$398K	$201K	5x	as long as short