Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0286%/8hnext payment +$1.43 per $10,000 · paid last 24h +0.001%

Price spread now: Bybit against Variational Omni+0.050%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bybit is 0.050% dearer against Variational Omni than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AIXBT	0.02229	−0.0186	get 0.0093% / 4h	6m 17s	$98K	$13K	—
Short	Bybit AIXBTUSDT	0.02231	0.0100	get 0.0050% / 4h	6m 17s	$1.2M	$899K	25x

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

Position, each leg$Hold fordaysFee Variational OmnibpFee BybitbpOrdersPrice spread, now +0.050%Rate

Funding earned: $60
Price spread: +0.050% → 0.000%: $4.98
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: $53.99
Costs to cover: 0.110%
Break-even: 0.7 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	4.49 bp	30.7 bp −$31	216.1 bp −$2,161	doesn't fit	doesn'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.

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	−0.0322%	1h	0.02233	+0.155%	$19K	$7K	10x	as long as short
Variational Omni AIXBTlong	−0.0186%	4h	0.02229	long leg	$98K	$13K	—
Hyperliquid AIXBT	+0.0100%	1h	0.02234	+0.216%	$373K	$182K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02233	+0.161%	$2.3M	$2.8M	50x	as long as short
Bybit AIXBTUSDTshort	+0.0100%	4h	0.02231	+0.050%	$1.2M	$899K	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02232	+0.113%	$436K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02235	+0.247%	$189K	$78K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02233	+0.157%	$430K	$183K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02231	+0.068%	$1.1M	$1.3M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02237	+0.337%	$635K	$445K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02233	+0.157%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0109%	4h	0.02232	+0.113%	$120K	$61K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02235	+0.234%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02232	+0.122%	—	—	—	as long as short