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

W

all W markets
SwapBacktest
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 KuCoin−0.257%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 0.257% cheaper against KuCoin than usual: you would sell low and buy high, −$26 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin WUSDTM0.011790.0100pay 0.0050% / 4h1h 37m$485K$245K50x
ShortVariational Omni W0.011760.0100get 0.0050% / 4h1h 37m$71K$42K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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: −0.257% → 0.000%
−$25.74
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$37.74
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 34 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 KuCoin live order book, 34 min ago8.54 bp104.2 bp −$104297.2 bp −$2,972doesn'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.

W on 17 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
Deribit W_USDC-PERPETUAL−0.0598%1h0.01178−0.068%$17K$1K10xas long as short
OKX W-USDT-SWAP−0.0023%4h0.01176−0.229%$1.3M$2.1M20xas long as short
Injective W/USDC PERP+0.0033%1h0.01209+2.545%$1K$1K12xas long as short
Hyperliquid W+0.0100%1h0.01178−0.085%$2.0M$433K5xas long as short
Binance WUSDT+0.0100%4h0.01177−0.176%$3.0M$7.0M50xas long as short
Bybit WUSDT+0.0100%4h0.01176−0.263%$4.1M$2.0M50xas long as short
Gate W_USDT+0.0100%4h0.01177−0.204%$446K$291K75xas long as short
MEXC W_USDT+0.0100%4h0.01177−0.178%$12.8M$1.4M50xas long as short
KuCoin WUSDTMlong+0.0100%4h0.01179long leg$485K$245K50x
Bitget WUSDT+0.0100%4h0.01178−0.085%$1.3M$577K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX W-USDT+0.0100%4h0.01177−0.144%$6.9Mas long as short
Variational Omni Wshort+0.0100%4h0.01176−0.257%$71K$42K
GRVT W_USDT_Perp+0.0100%4h0.01177−0.170%$123K$409K10xas long as short
Extended W-USD+0.0104%1h0.01177−0.196%$59K$276K5xas long as short
Coinbase International W-PERP-INTX+0.0240%1h0.01180+0.127%$14K$18K50xas long as short
Backpack W_USDC_PERP+0.0355%1h0.01179−0.034%$44K$47K15xas long as short
Kraken Futures PF_WUSD+0.0397%1h0.01180+0.101%$146K$185K20xas long as short