Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Variational Omni against Aster+0.496%7-day average −0.144% · you sell dearer than you buy

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.131%−$13 on $10k

Price spread, last 4 days (all we have)−0.849%−$85 · spread now +0.496%, 7d avg −0.144%

Together, before fees−0.980%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$98 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.641% dearer against Aster than usual: you sell high and buy low, +$64 on $10k if it goes back to its 7-day average of −0.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.4332	0.0100	pay 0.0100% / 8h	3h 57m	$26K	$478K	10x
Short	Variational Omni AR	4.4552	0.0100	get 0.0100% / 8h	3h 57m	$236K	$246K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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 AsterbpFee Variational OmnibpOrdersPrice spread, now +0.496%Rate

Funding earned: $0
Price spread: +0.496% → −0.144%: $64.05
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $56.05
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 60 min ago; Variational Omni: RFQ quote, 61 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 Aster live order book, 60 min ago	12.19 bp	34.7 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 61 min ago	4.91 bp	doesn't fit	157.3 bp −$1,573	doesn't fit	doesn't fit

AR on 17 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_ARUSD	−0.1215%	1h	4.4383	+0.115%	$60K	$159K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4440	+0.244%	$571K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0077%	8h	4.4290	−0.095%	$2.2M	$17.6M	20x	as long as short
Aster ARUSDTlong	+0.0100%	8h	4.4332	long leg	$26K	$478K	10x
Binance ARUSDT	+0.0100%	8h	4.4324	−0.018%	$8.7M	$49.9M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4320	−0.027%	$4.5M	$8.2M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4350	+0.040%	$2.5M	$1.8M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4320	−0.027%	$6.3M	$4.0M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.4300	−0.072%	$1.1M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4310	−0.050%	$3.9M	$5.1M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.4320	−0.027%	—	$2.8M	—	as long as short
Variational Omni ARshort	+0.0100%	8h	4.4552	+0.496%	$236K	$246K	—
ApeX Omni ARUSDT	+0.0100%	1h	4.4560	+0.514%	$19K	$717K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4328	−0.009%	$37K	$236K	10x	as long as short
Hyperliquid AR	+0.0130%	1h	4.4396	+0.144%	$4.0M	$4.3M	5x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4500	+0.379%	$422K	$466K	20x	as long as short
Injective AR/USDC PERP	+0.0433%	1h	4.4770	+0.988%	$2K	$5K	5.5x	as long as short