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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0569%/8h= +62.3% APRnext payment +$2.84 per $10,000 · paid last 24h +0.006%
Price spread now: Bybit against Variational Omni−0.394%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Bybit is 0.394% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.394% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$39 on $10k: about 2.3 days of funding at the current rate (+$17 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni 40.021720.0100pay 0.0050% / 4h1h 32m$53K$9K
ShortBybit 4USDT0.021630.0669get 0.0334% / 4h1h 32m$2.9M$1.7M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$119.48
Price spread: −0.394% → 0.000%
−$39.37
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$69.11
Costs to cover
0.110%
Break-even
3.0 days
Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 4 min ago. 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 Variational Omni no order-book sample
Sell Bybit live order book, 4 min ago8.05 bp231.4 bp −$231643.5 bp −$6,435doesn't fitdoesn't fit
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.

4 on 9 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
Variational Omni 4long+0.0100%4h0.02172long leg$53K$9K
SunX 4-USDT+0.0100%4h0.02165−0.302%$2K$1.0M20xas long as short
Aster 4USDT+0.0409%4h0.02164−0.359%$248K$94K5xas long as short
Binance 4USDT+0.0416%4h0.02165−0.292%$8.4M$10.9M20xas long as short
MEXC 4_USDT+0.0420%4h0.02164−0.348%$2.0M$842K100xas long as short
Gate 4_USDT+0.0444%4h0.02162−0.417%$592K$235K20xas long as short
KuCoin 4USDTM+0.0624%4h0.02163−0.394%$925K$13.2M20xas long as short
BingX 4-USDT+0.0630%4h0.02166−0.260%$1.4Mas long as short
Bybit 4USDTshort+0.0669%4h0.02163−0.394%$2.9M$1.7M5x