Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.024%

Price spread now: Variational Omni against Vest−0.021%7-day average — · you buy dearer than you sell

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

Long on Vest 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 airdropVest: Active · Variational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.021% cheaper against Vest than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest COST-USD-PERP	900.16	0.0046	pay 0.0006% / 1h	26m 24s	—	—	25x
Short	Variational Omni COST	899.97	0	get 0.0000% / 8h	3h 26m	$41K	$13K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Vest. 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 VestbpFee Variational OmnibpOrdersPrice spread, now −0.021%Rate

Funding earned: −$9.59
Price spread: −0.021% → 0.000%: −$2.08
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.68
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; 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 Vest no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Vest and 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	+0.003%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	900.50	+0.038%	$1.1M	$941K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	900.33	+0.019%	$491K	$220K	25x	as long as short
Gate COST_USDT	0.0000%	8h	900.39	+0.026%	$521K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	900.21	+0.006%	$403K	$78K	25x	as long as short
Variational Omni COSTshort	0.0000%	8h	899.97	−0.021%	$41K	$13K	—
SunX COST-USDT	0.0000%	8h	899.20	−0.107%	$2K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.81	+0.183%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0009%	1h	900.33	+0.019%	$1.1M	$2.6M	10x	as long as short
OKX COST-USDT-SWAP	+0.0010%	8h	900.69	+0.059%	$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	−0.909%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.212%	—	—	10x	as long as short
Vest COST-USD-PERPlong	+0.0046%	1h	900.16	long leg	—	—	25x
tradeXYZ xyz:COST	+0.0050%	1h	900.51	+0.039%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	899.40	−0.084%	$48K	$888K	20x	as long as short