Funding arb · Price arb /

HPE

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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 0.000%

Price spread now: Bitget against Variational Omni+0.002%7-day average −0.029% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

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)+0.128%+$13 · spread now +0.002%, 7d avg −0.029%

Together, before fees+0.108%+ Points / potential airdropVariational Omni: Active · farm board+$11 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: Bitget is 0.031% dearer against Variational Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HPE	61.609	0	get 0.0000% / 8h	3h 09m	$36K	$258K	—
Short	Bitget HPEUSDT	61.610	0	get 0.0000% / 8h	3h 09m	$953K	$358K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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 Variational OmnibpFee BitgetbpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → −0.029%: $3.11
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$8.89
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 44 min ago; Bitget: live order book, 41 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 RFQ quote, 44 min ago	3.09 bp	doesn't fit	91.8 bp −$918	doesn't fit	doesn't fit
Sell Bitget live order book, 41 min ago	12.13 bp	31.9 bp −$32	42.9 bp −$429	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	61.603	−0.009%	$830	$146	20x	as long as short
Binance HPEUSDT	0.0000%	8h	61.626	+0.028%	$472K	$4.5M	20x	as long as short
Bybit HPEUSDT	0.0000%	8h	61.570	−0.063%	$319K	$192K	25x	as long as short
OKX HPE-USDT-SWAP	0.0000%	8h	61.540	−0.111%	$203K	$372K	20x	as long as short
Gate HPE_USDT	0.0000%	8h	61.630	+0.035%	$160K	$36K	20x	as long as short
Bitget HPEUSDTshort	0.0000%	8h	61.610	+0.002%	$953K	$358K	20x
Variational Omni HPElong	0.0000%	8h	61.609	long leg	$36K	$258K	—
SunX HPE-USDT	0.0000%	8h	61.600	−0.014%	$849	$287K	10x	as long as short
HTX HPE-USDT	0.0000%	8h	61.640	+0.051%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTM	+0.0379%	8h	61.680	+0.116%	$229K	$429K	20x	as long as short