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

XNY

all XNY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.1084%/8h= −118.7% APRnext payment $5.42 per $10,000 · paid last 24h −0.145%
Price spread now: Variational Omni against BingX−0.049%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
Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and Variational Omni is 0.049% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX XNY-USDT0.0063520.1184pay 0.0592% / 4h3m 45s$1.3M
ShortVariational Omni XNY0.0063490.0100get 0.0050% / 4h3m 45s$53K$1K

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

Funding earned
−$227.64
Price spread: −0.049% → 0.000%
−$4.9
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$242.54
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 2 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 BingX live order book, 2 min ago8.68 bp85.3 bp −$85462.1 bp −$4,6211362.9 bp −$136.3Kdoesn'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.

XNY on 9 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
KuCoin XNYUSDTM+0.0100%4h0.006335−0.268%$290K$13K10xas long as short
Variational Omni XNYshort+0.0100%4h0.006349−0.049%$53K$1K
Gate XNY_USDT+0.0246%4h0.006364+0.189%$212K$15K10xas long as short
Bybit XNYUSDT+0.0272%4h0.006349−0.047%$444K$32K5xas long as short
Aster XNYUSDT+0.1150%4h0.006403+0.795%$5K$3K5xas long as short
BingX XNY-USDTlong+0.1184%4h0.006352long leg$1.3M
MEXC XNY_USDT+0.1256%4h0.006343−0.142%$171K$96K100xas long as short
Binance XNYUSDT+0.1258%4h0.006348−0.065%$3.7M$999K10xas long as short
BloFin XNY-USDT+0.1263%4h0.006349−0.047%$225K$6K10xas long as short