Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.128%

Price spread now: tradeXYZ against Variational Omni−0.141%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.141% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.141% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 9.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BX	126.45	0	get 0.0000% / 8h	5h 48m	$43K	$12K	—
Short	tradeXYZ xyz:BX	126.27	0.0050	get 0.0006% / 1h	48m 50s	$664K	$268K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.141%Rate

Funding earned: $10.5
Price spread: −0.141% → 0.000%: −$14.06
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$21.56
Costs to cover: 0.180%
Break-even: 21.4 days

Slippage unknown: Variational Omni: no order-book sample; tradeXYZ: live order book, 54 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 tradeXYZ live order book, 54 min ago	5.14 bp	36.3 bp −$36	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.

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	126.35	−0.075%	$5K	$868	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.45	+0.002%	$772K	$518K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.48	+0.026%	$475K	$822K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.19	−0.204%	$163K	$115K	10x	as long as short
QFEX BX-USD	0.0000%	1h	123.76	−2.126%	$1.1M	$1.2M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.56	+0.089%	$420K	$23K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.55	+0.081%	$899K	$24K	20x	as long as short
Variational Omni BXlong	0.0000%	8h	126.45	long leg	$43K	$12K	—
SunX BX-USDT	0.0000%	8h	126.47	+0.018%	$797	$276K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.66	+0.168%	$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:BXshort	+0.0050%	1h	126.27	−0.141%	$664K	$268K	10x
KuCoin BXUSDTM	+0.0100%	8h	126.30	−0.117%	$112K	$838K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	139.59	+10.393%	$4K	$31K	12x	as long as short
GRVT BX_USDT_Perp	+0.0438%	8h	126.56	+0.086%	$769	$107K	10x	as long as short