Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.023%

Price spread now: Variational Omni against BingX+0.030%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Variational Omni

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 days—no price history on both exchanges yet

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.030% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it 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	BingX ALT-USDT	0.007495	0.0100	pay 0.0050% / 4h	3h 52m	—	$1.3M	—
Short	Variational Omni ALT	0.007497	0.0100	get 0.0050% / 4h	3h 52m	$4K	$14K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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 BingXbpFee Variational OmnibpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → 0.000%: $3.02
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.98
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 7 min ago	4.66 bp	22.9 bp −$23	66.7 bp −$667	603.8 bp −$60.4K	828.4 bp −$414.2K
Sell Variational Omni no order-book sample	—	—	—	—	—

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.

ALT 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
Bybit ALTUSDT	−0.0219%	4h	0.007491	−0.053%	$1.2M	$1.8M	25x	as long as short
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007503	+0.107%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.615%	$837	$22	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007500	+0.067%	$1.1M	$135K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007501	+0.082%	$2.6M	$3.5M	50x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007496	+0.013%	$49K	$376K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007502	+0.093%	$378K	$166K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007503	+0.107%	$144K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007493	−0.027%	$600K	$143K	50x	as long as short
BingX ALT-USDTlong	+0.0100%	4h	0.007495	long leg	—	$1.3M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALTshort	+0.0100%	4h	0.007497	+0.030%	$4K	$14K	—
BloFin ALT-USDT	+0.0149%	4h	0.007507	+0.160%	$168K	$8K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0383%	1h	0.007498	+0.043%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0576%	1h	0.007524	+0.387%	$13K	$2K	50x	as long as short