Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h −0.008%

Price spread now: Variational Omni against QFEX−0.012%7-day average — · you buy dearer than you sell

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 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COST-USD	899.10	0.0048	pay 0.0006% / 1h	19m 29s	$1.1M	$3.0M	10x
Short	Variational Omni COST	898.99	0.0090	get 0.0090% / 8h	1h 19m	$42K	$19K	—

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 −0.012%Rate

Funding earned: $8.76
Price spread: −0.012% → 0.000%: −$1.25
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$2.49
Costs to cover: 0.100%
Break-even: 9.0 days

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	251.08 bp	256.5 bp −$256	262.3 bp −$2,623	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.

COST on 15 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
Aster COSTUSDT	0.0000%	8h	898.22	−0.098%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.09	−0.001%	$470K	$193K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.64	+0.060%	$437K	$142K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.46	+0.040%	$523K	$26K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	898.69	−0.046%	$398K	$125K	25x	as long as short
SunX COST-USDT	0.0000%	8h	898.80	−0.033%	$1K	$3.3M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.09	+0.221%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.792%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.30	−0.089%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.33	−0.086%	—	—	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX COST-USDlong	+0.0048%	1h	899.10	long leg	$1.1M	$3.0M	10x
tradeXYZ xyz:COST	+0.0050%	1h	898.65	−0.050%	$1.8M	$536K	20x	as long as short
Variational Omni COSTshort	+0.0090%	8h	898.99	−0.012%	$42K	$19K	—
KuCoin COSTUSDTM	+0.0100%	8h	897.70	−0.156%	$41K	$826K	20x	as long as short
Binance COSTUSDT	+0.0258%	8h	899.15	+0.005%	$1.1M	$971K	20x	as long as short