Funding arb · Price arb /

DKNG

RWAall DKNG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.087%

Price spread now: HTX against Variational Omni−0.073%57s7-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 HTX

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: HTX is 0.073% cheaper against Variational Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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 DKNG	22.056	0	get 0.0000% / 8h	20m 19s	$78K	$51K	—
Short	HTX DKNG-USDT	22.040	0	get 0.0000% / 8h	20m 19s	$6K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → 0.000%: −$7.32
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$19.32
Costs to cover: 0.120%
Break-even: never at this rate

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

Variational Omni and HTX: 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.

DKNG on 12 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 DKNGUSDT	0.0000%	8h	22.046	−0.047%	$1K	$11K	20x	as long as short
Bybit DKNGUSDT	0.0000%	8h	22.060	+0.017%	$83K	$78K	25x	as long as short
Gate DKNG_USDT	0.0000%	8h	22.072	+0.072%	$109K	$8K	20x	as long as short
Bitget DKNGUSDT	0.0000%	8h	22.036	−0.091%	$126K	$60K	20x	as long as short
Variational Omni DKNGlong	0.0000%	8h	22.056	long leg	$78K	$51K	—
SunX DKNG-USDT	0.0000%	8h	22.050	−0.028%	$1K	$611K	10x	as long as short
HTX DKNG-USDTshort	0.0000%	8h	22.040	−0.073%	$6K	$4K	10x
OKX DKNG-USDT-SWAP	+0.0021%	8h	22.060	+0.017%	$115K	$107K	20x	as long as short
Injective DKNG/USDC PERP	+0.0033%	1h	21.990	−0.300%	$707	$6K	12x	as long as short
tradeXYZ xyz:DKNG	+0.0050%	1h	22.079	+0.104%	$1.8M	$2.1M	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DKNGUSDTM	+0.0100%	8h	22.010	−0.209%	$90K	$378K	20x	as long as short
Binance DKNGUSDT	+0.0114%	8h	22.050	−0.028%	$295K	$616K	20x	as long as short