Funding arb · Price arb /

YFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit+0.047%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.047% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit YFIUSDT	2,308	0.0100	pay 0.0100% / 8h	3h 12m	$995K	$278K	25x
Short	Variational Omni YFI	2,309.1	0.0100	get 0.0100% / 8h	3h 12m	$9K	$1K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → 0.000%: $4.75
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.25
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 13 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 Bybit live order book, 13 min ago	8.64 bp	46.6 bp −$47	482.5 bp −$4,825	doesn't fit	doesn'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.

YFI on 12 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
Injective YFI/USDC PERP	+0.0033%	1h	2,190.5	−5.091%	$2K	$28K	5.5x	as long as short
BloFin YFI-USDT	+0.0088%	8h	2,310	+0.087%	$118K	$42K	75x	as long as short
Aster YFIUSDT	+0.0100%	8h	2,307.6	−0.015%	$3K	$2K	5x	as long as short
Binance YFIUSDT	+0.0100%	8h	2,307	−0.043%	$2.3M	$3.2M	75x	as long as short
Bybit YFIUSDTlong	+0.0100%	8h	2,308	long leg	$995K	$278K	25x
OKX YFI-USDT-SWAP	+0.0100%	8h	2,310	+0.087%	$631K	$804K	20x	as long as short
MEXC YFI_USDT	+0.0100%	8h	2,311	+0.130%	$874K	$293K	75x	as long as short
KuCoin YFIUSDTM	+0.0100%	8h	2,306	−0.087%	$382K	$78K	30x	as long as short
BingX YFI-USDT	+0.0100%	8h	2,310	+0.087%	—	$11.9M	—	as long as short
Variational Omni YFIshort	+0.0100%	8h	2,309.1	+0.047%	$9K	$1K	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate YFI_USDT	+0.0345%	8h	2,314.5	+0.282%	$300K	$145K	50x	as long as short
Kraken Futures PF_YFIUSD	+0.0426%	1h	2,314.6	+0.286%	$47K	$4K	10x	as long as short