Funding arb · Price arb /

BX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.126%

Price spread now: Variational Omni against QFEX+2.143%7-day average — · you sell dearer than you buy

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

Long on QFEX 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 2.143% dearer against QFEX than usual: you sell high and buy low, +$214 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	QFEX BX-USD	123.76	0	get 0.0000% / 1h	30m 54s	$1.1M	$1.1M	10x
Short	Variational Omni BX	126.41	0	get 0.0000% / 8h	5h 30m	$43K	$12K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against QFEX. 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 QFEXbpFee Variational OmnibpOrdersPrice spread, now +2.143%Rate

Funding earned: $0
Price spread: +2.143% → 0.000%: $214.35
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $204.35
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: QFEX: live order book, 3 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 QFEX live order book, 3 min ago	227.11 bp	530.5 bp −$530	539.1 bp −$5,391	545.8 bp −$54.6K	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.

BX on 14 exchanges

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
Aster BXUSDT	0.0000%	8h	126.22	+1.987%	$5K	$868	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.33	+2.077%	$771K	$516K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.54	+2.246%	$475K	$822K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.19	+1.963%	$163K	$115K	10x	as long as short
QFEX BX-USDlong	0.0000%	1h	123.76	long leg	$1.1M	$1.1M	10x
Gate BX_USDT	0.0000%	8h	126.49	+2.206%	$420K	$23K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.33	+2.077%	$898K	$24K	20x	as long as short
Variational Omni BXshort	0.0000%	8h	126.41	+2.143%	$43K	$12K	—
SunX BX-USDT	0.0000%	8h	126.43	+2.157%	$876	$275K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.43	+2.157%	$7K	$3K	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BX	+0.0075%	1h	126.26	+2.020%	$664K	$268K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.23	+1.996%	$110K	$842K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	139.59	+12.791%	$4K	$31K	12x	as long as short
GRVT BX_USDT_Perp	+0.0292%	8h	126.39	+2.123%	$824	$110K	10x	as long as short