Funding arb · Price arb /

W

all W markets

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: Gate against Variational Omni+0.012%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 Gate

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	Variational Omni W	0.01180	0.0100	pay 0.0050% / 4h	36m 49s	$71K	$42K	—
Short	Gate W_USDT	0.01180	0.0100	get 0.0050% / 4h	36m 49s	$446K	$290K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → 0.000%: $1.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$13.75
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Gate: live order book, 39 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 Gate live order book, 39 min ago	8.07 bp	208.9 bp −$209	doesn't fit	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.

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	−0.0089%	1h	0.01179	−0.072%	$17K	$1K	10x	as long as short
OKX W-USDT-SWAP	−0.0028%	4h	0.01177	−0.250%	$1.3M	$2.0M	20x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+2.444%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01180	−0.013%	$2.0M	$423K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01178	−0.208%	$3.0M	$6.8M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01175	−0.394%	$4.1M	$1.9M	50x	as long as short
Gate W_USDTshort	+0.0100%	4h	0.01180	+0.012%	$446K	$290K	75x
MEXC W_USDT	+0.0100%	4h	0.01178	−0.191%	$12.8M	$1.5M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01180	−0.013%	$457K	$211K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01180	−0.013%	$1.3M	$572K	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-USDT	+0.0100%	4h	0.01178	−0.148%	—	$6.9M	—	as long as short
Variational Omni Wlong	+0.0100%	4h	0.01180	long leg	$71K	$42K	—
GRVT W_USDT_Perp	+0.0100%	4h	0.01183	+0.272%	$130K	$385K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01178	−0.193%	$59K	$228K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0248%	1h	0.01188	+0.640%	$14K	$16K	50x	as long as short
Kraken Futures PF_WUSD	+0.0719%	1h	0.01182	+0.134%	$146K	$181K	20x	as long as short
Backpack W_USDC_PERP	+0.0753%	1h	0.01179	−0.064%	$44K	$47K	15x	as long as short