Settings8H · net · $10k
Funding arb · Price arb /

TXN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: Variational Omni against Extended−0.162%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: 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 0.162% cheaper against Extended than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TXN-USD271.050.0040pay 0.0005% / 1h30m 29s$41K$12K10x
ShortVariational Omni TXN270.610get 0.0000% / 8h3h 30m$20K$13K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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

Funding earned
−$8.4
Price spread: −0.162% → 0.000%
−$16.21
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$29.61
Costs to cover
0.050%
Break-even
never at this rate
Slippage unknown: Extended: 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended no order-book sample
Sell Variational Omni no order-book sample
Extended 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.

TXN on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TXNUSDT0.0000%8h270.60−0.168%$297K$450K25xas long as short
Bybit TXNUSDT0.0000%8h270.64−0.152%$166K$60K25xas long as short
Gate TXN_USDT0.0000%8h270.90−0.056%$226K$97K20xas long as short
Bitget TXNUSDT0.0000%8h270.78−0.100%$153K$104K20xas long as short
Variational Omni TXNshort0.0000%8h270.61−0.162%$20K$13K
Extended TXN-USDlong+0.0040%1h271.05long leg$41K$12K10x
HTX TXN-USDT+0.0100%8h270.58−0.174%$3K$36K10xas long as short