Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h −0.030%

Price spread now: QFEX against Variational Omni+0.026%47s7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on QFEX

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

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.026% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni COST	899.97	0	get 0.0000% / 8h	3h 28m	$41K	$13K	—
Short	QFEX COST-USD	900.21	0.0009	get 0.0001% / 1h	28m 48s	$1.1M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.026%Rate

Funding earned: $1.98
Price spread: +0.026% → 0.000%: $2.64
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$5.38
Costs to cover: 0.100%
Break-even: 26.0 days

Slippage unknown: Variational Omni: no order-book sample; QFEX: live order book, 4 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 QFEX live order book, 4 min ago	251.18 bp	256.2 bp −$256	261.6 bp −$2,616	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.

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	900.19	+0.024%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	900.49	+0.057%	$1.1M	$941K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	900.29	+0.035%	$491K	$220K	25x	as long as short
Gate COST_USDT	0.0000%	8h	900.39	+0.046%	$521K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	900.21	+0.026%	$403K	$78K	25x	as long as short
Variational Omni COSTlong	0.0000%	8h	899.97	long leg	$41K	$13K	—
SunX COST-USDT	0.0000%	8h	899.20	−0.086%	$1K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	902.30	+0.259%	$10K	$42K	10x	as long as short
QFEX COST-USDshort	+0.0009%	1h	900.21	+0.026%	$1.1M	$2.6M	10x
OKX COST-USDT-SWAP	+0.0013%	8h	900.66	+0.076%	$441K	$116K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.888%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.191%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	899.98	+0.001%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	900.37	+0.044%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	899.20	−0.086%	$47K	$888K	20x	as long as short