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 BingX−0.017%7-day average — · you buy dearer than you sell

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX W-USDT	0.01181	0.0100	pay 0.0050% / 4h	2h 10m	—	$6.8M	—
Short	Variational Omni W	0.01181	0.0100	get 0.0050% / 4h	2h 10m	$71K	$41K	—

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 −0.017%Rate

Funding earned: $0
Price spread: −0.017% → 0.000%: −$1.75
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.75
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 12 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, 12 min ago	4.64 bp	27.7 bp −$28	86.9 bp −$869	623.3 bp −$62.3K	1081.5 bp −$540.7K
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.

W on 17 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
Deribit W_USDC-PERPETUAL	−0.0004%	1h	0.01183	+0.186%	$16K	$2K	10x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+2.388%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01182	+0.102%	$2.0M	$394K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01182	+0.128%	$3.0M	$6.6M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01180	−0.051%	$4.1M	$1.9M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01180	−0.102%	$1.3M	$1.9M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01180	−0.068%	$445K	$265K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01182	+0.136%	$12.8M	$1.4M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01183	+0.186%	$423K	$194K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01181	+0.017%	$1.3M	$575K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDTlong	+0.0100%	4h	0.01181	long leg	—	$6.8M	—
Variational Omni Wshort	+0.0100%	4h	0.01181	−0.017%	$71K	$41K	—
GRVT W_USDT_Perp	+0.0100%	4h	0.01182	+0.102%	$122K	$405K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01182	+0.141%	$60K	$236K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0360%	1h	0.01183	+0.178%	$14K	$16K	50x	as long as short
Backpack W_USDC_PERP	+0.0432%	1h	0.01184	+0.288%	$44K	$47K	15x	as long as short
Kraken Futures PF_WUSD	+0.1534%	1h	0.01186	+0.421%	$147K	$180K	20x	as long as short