Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Variational Omni+0.171%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 BingX

What this pair did over the last

the charts below follow

Funding, last 4 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: BingX is 0.171% dearer against Variational Omni than usual: you sell high and buy low, +$17 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	Variational Omni UB	0.1480	0.0100	pay 0.0050% / 4h	1h 08m	$423	$8K	—
Short	BingX UB-USDT	0.1482	0.0100	get 0.0050% / 4h	1h 08m	—	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.171%Rate

Funding earned: $0
Price spread: +0.171% → 0.000%: $17.05
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $7.05
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 12 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 Variational Omni no order-book sample	—	—	—	—	—
Sell BingX live order book, 12 min ago	2.35 bp	21.1 bp −$21	60.7 bp −$607	doesn't fit	doesn't fit

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	0.1484	+0.279%	$3.1M	$14.5M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1483	+0.173%	$958K	$2.2M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1482	+0.150%	$1.4M	$11.9M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1482	+0.123%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1484	+0.258%	$690K	$658K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1481	+0.100%	$1.0M	$979K	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1483	+0.211%	$2.4M	$2.9M	50x	as long as short
BingX UB-USDTshort	+0.0100%	4h	0.1482	+0.171%	—	$2.6M	—
Variational Omni UBlong	+0.0100%	4h	0.1480	long leg	$423	$8K	—
edgeX UBUSDC	+0.0100%	4h	0.1482	+0.116%	$37K	$270K	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	0.1486	+0.421%	$16K	$313K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1483	+0.224%	$3K	$109K	5x	as long as short
BloFin UB-USDT	+0.0125%	4h	0.1483	+0.204%	$162K	$836K	50x	as long as short
Aster UBUSDT	+0.0431%	4h	0.1484	+0.272%	$403K	$115K	5x	as long as short