Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%

Price spread now: Hyperliquid against Variational Omni+0.013%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ALT	0.007514	0.0100	pay 0.0050% / 4h	43m 12s	$4K	$16K	—
Short	Hyperliquid ALT	0.007515	0.0100	get 0.0013% / 1h	43m 12s	$1.1M	$136K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → 0.000%: $1.28
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$7.72
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 7 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 Hyperliquid live order book, 7 min ago	3.33 bp	20.8 bp −$21	doesn't fit	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.

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
Kraken Futures PF_ALTUSD	−0.0141%	1h	0.007514	+0.006%	$44K	$8K	10x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.355%	$837	$22	5.5x	as long as short
Hyperliquid ALTshort	+0.0100%	1h	0.007515	+0.013%	$1.1M	$136K	3x
Binance ALTUSDT	+0.0100%	4h	0.007520	+0.081%	$2.6M	$3.4M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007508	−0.080%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007513	−0.014%	$49K	$381K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007519	+0.066%	$377K	$167K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007521	+0.093%	$144K	$19K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007520	+0.079%	$608K	$136K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007515	+0.013%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALTlong	+0.0100%	4h	0.007514	long leg	$4K	$16K	—
BloFin ALT-USDT	+0.0129%	4h	0.007524	+0.133%	$168K	$8K	50x	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0149%	1h	0.007521	+0.093%	—	$0	25x	as long as short
Coinbase International ALT-PERP-INTX	+0.0480%	1h	0.007542	+0.372%	$13K	$2K	50x	as long as short