Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: Variational Omni against Deribit−0.182%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 10 hours (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 pays, the price is against you. Variational Omni is 0.182% cheaper against Deribit than usual: you would sell low and buy high (spread −0.182% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 6.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ALT_USDC-PERPETUAL	0.007620	0	get 0.0000% / 1h	2m 25s	—	$0	25x
Short	Variational Omni ALT	0.007606	0.0100	get 0.0050% / 4h	2h 02m	$4K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Deribit. 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 DeribitbpFee Variational OmnibpOrdersPrice spread, now −0.182%Rate

Funding earned: $21
Price spread: −0.182% → 0.000%: −$18.15
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.15
Costs to cover: 0.070%
Break-even: 8.4 days

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Deribit and 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 13 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
Deribit ALT_USDC-PERPETUALlong	0.0000%	1h	0.007620	long leg	—	$0	25x
Hyperliquid ALT	+0.0100%	1h	0.007612	−0.105%	$1.1M	$189K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007617	−0.039%	$2.6M	$3.7M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007612	−0.105%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007611	−0.118%	$50K	$409K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007616	−0.052%	$410K	$187K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007622	+0.026%	$151K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007607	−0.171%	$601K	$110K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007615	−0.066%	—	$1.3M	—	as long as short
Variational Omni ALTshort	+0.0100%	4h	0.007606	−0.182%	$4K	$15K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALTUSD	+0.0207%	1h	0.007625	+0.062%	$45K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0432%	1h	0.007644	+0.315%	$14K	$3K	50x	as long as short
Injective ALT/USDC PERP	+0.5000%	1h	0.007604	−0.210%	$827	$4K	5.5x	as long as short