Funding arb · Price arb /

HPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Gate+0.027%7-day average −0.019% · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.386%−$39 · spread now +0.027%, 7d avg −0.019%

Together, before fees−0.366%+ Points / potential airdropVariational Omni: Active · farm board−$37 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.046% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HPE_USDT	61.500	0	get 0.0000% / 8h	7h 57m	$159K	$33K	20x
Short	Variational Omni HPE	61.517	0	get 0.0000% / 8h	7h 57m	$31K	$272K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee Variational OmnibpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.019%: $4.6
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.4
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 33 min ago; Variational Omni: RFQ quote, 42 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 Gate live order book, 33 min ago	15.45 bp	25.8 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 42 min ago	7.05 bp	doesn't fit	74.8 bp −$748	doesn't fit	doesn't fit

HPE on 10 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 HPEUSDT	0.0000%	8h	61.562	+0.100%	$830	$146	20x	as long as short
Binance HPEUSDT	0.0000%	8h	61.520	+0.033%	$458K	$4.5M	20x	as long as short
Bybit HPEUSDT	0.0000%	8h	61.570	+0.114%	$319K	$188K	25x	as long as short
OKX HPE-USDT-SWAP	0.0000%	8h	61.350	−0.244%	$205K	$375K	20x	as long as short
Gate HPE_USDTlong	0.0000%	8h	61.500	long leg	$159K	$33K	20x
Bitget HPEUSDT	0.0000%	8h	61.440	−0.098%	$952K	$352K	20x	as long as short
Variational Omni HPEshort	0.0000%	8h	61.517	+0.027%	$31K	$272K	—
SunX HPE-USDT	0.0000%	8h	61.420	−0.130%	$648	$279K	10x	as long as short
HTX HPE-USDT	0.0000%	8h	61.580	+0.130%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTM	+0.0440%	8h	61.610	+0.179%	$227K	$401K	20x	as long as short