Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0350%/8h= +38.3% APRpaid last 24h —

Price spread now: Reya against Variational Omni−0.469%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

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

Funding pays, the price is against you. Reya is 0.469% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.469% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$47 on $10k: about 4.5 days of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AIXBT	0.02338	0.0023	pay 0.0011% / 4h	1h 54m	$101K	$11K	—
Short	Reya AIXBTRUSDPERP	0.02327	0.0372	get 0.0047% / 1h	54m 29s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.469%Rate

Funding earned: $73.4
Price spread: −0.469% → 0.000%: −$46.86
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $20.53
Costs to cover: 0.060%
Break-even: 5.0 days

Slippage unknown: Variational Omni: RFQ quote, 10 min ago; Reya: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 10 min ago	12.89 bp	doesn't fit	300.7 bp −$3,007	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.2977%	1h	0.02332	−0.260%	$19K	$5K	10x	as long as short
Variational Omni AIXBTlong	+0.0023%	4h	0.02338	long leg	$101K	$11K	—
Hyperliquid AIXBT	+0.0100%	1h	0.02332	−0.273%	$397K	$209K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02327	−0.474%	$2.5M	$3.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02326	−0.517%	$1.2M	$1.2M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02328	−0.432%	$490K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02332	−0.261%	$207K	$123K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02330	−0.346%	$680K	$260K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02334	−0.175%	$1.2M	$1.5M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02330	−0.346%	$655K	$604K	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	0.02329	−0.389%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0106%	4h	0.02331	−0.303%	$119K	$96K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0248% / S −0.0698%	1h	0.02335	−0.145%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERPshort	+0.0372%	1h	0.02327	−0.469%	—	—	—