Funding arb · Price arb /

AIXBT

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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 −0.017%

Price spread now: Variational Omni against Bybit+0.588%7-day average −0.046% · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.493%−$49 · spread now +0.588%, 7d avg −0.046%

Together, before fees−0.574%+ Points / potential airdropVariational Omni: Active · farm board−$57 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 0.634% dearer against Bybit than usual: you sell high and buy low, +$63 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AIXBTUSDT	0.02311	0.0100	pay 0.0050% / 4h	3h 26m	$1.2M	$1.1M	25x
Short	Variational Omni AIXBT	0.02325	0.0100	get 0.0050% / 4h	3h 26m	$102K	$10K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.588%Rate

Funding earned: $0
Price spread: +0.588% → −0.046%: $63.43
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $52.43
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 4 min ago; Variational Omni: RFQ quote, 58 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 Bybit live order book, 4 min ago	2.15 bp	36.0 bp −$36	821.1 bp −$8,211	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 58 min ago	13.08 bp	doesn't fit	191.9 bp −$1,919	doesn't fit	doesn't fit

AIXBT on 14 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
Kraken Futures PF_AIXBTUSD	−0.1382%	1h	0.02304	−0.320%	$19K	$5K	10x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02316	+0.221%	$396K	$208K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02316	+0.209%	$2.4M	$3.4M	50x	as long as short
Bybit AIXBTUSDTlong	+0.0100%	4h	0.02311	long leg	$1.2M	$1.1M	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02313	+0.087%	$474K	$1.7M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02320	+0.389%	$204K	$84K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02316	+0.216%	$678K	$236K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02320	+0.389%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02317	+0.260%	$673K	$549K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02318	+0.303%	—	$6.6M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AIXBTshort	+0.0100%	4h	0.02325	+0.588%	$102K	$10K	—
BloFin AIXBT-USDT	+0.0145%	4h	0.02320	+0.389%	$121K	$78K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02314	+0.143%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02313	+0.090%	—	—	—	as long as short