Settings8H · net · $10k
Funding arb · Price arb /

USUAL

all USUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Gate−0.247%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno 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 0.247% cheaper against Gate than usual: you would sell low and buy high, −$25 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate USUAL_USDT0.013530.0100pay 0.0100% / 8h1h 55m$903K$213K50x
ShortVariational Omni USUAL0.013500.0100get 0.0050% / 4h1h 55m$9K$208

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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

Funding earned
$0
Price spread: −0.247% → 0.000%
−$24.74
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$39.74
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 26 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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 26 min ago7.35 bp186.7 bp −$187doesn't fitdoesn't fitdoesn'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.

USUAL on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective USUAL/USDC PERP−0.4025%1h0.01334−1.404%$6K$2K5.5xas long as short
Kraken Futures PF_USUALUSD−0.0708%1h0.01353−0.014%$110K$23K10xas long as short
Hyperliquid USUAL+0.0100%1h0.01355+0.148%$387K$233K3xas long as short
Binance USUALUSDT+0.0100%4h0.01354+0.107%$2.1M$3.5M50xas long as short
Bybit USUALUSDT+0.0100%4h0.01355+0.163%$1.0M$932K25xas long as short
Gate USUAL_USDTlong+0.0100%8h0.01353long leg$903K$213K50x
MEXC USUAL_USDT+0.0100%4h0.01354+0.111%$5.9M$257K100xas long as short
KuCoin USUALUSDTM+0.0100%4h0.01356+0.222%$280K$64K20xas long as short
Bitget USUALUSDT+0.0100%4h0.01355+0.148%$820K$508K50xas long as short
BingX USUAL-USDT+0.0100%4h0.01354+0.044%$1.2Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni USUALshort+0.0100%4h0.01350−0.247%$9K$208