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 −0.018%

Price spread now: Variational Omni against Bitget+0.138%7-day average −0.066% · you sell dearer than you buy

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.180%−$18 on $10k

Price spread, last 4 days (all we have)−0.577%−$58 · spread now +0.138%, 7d avg −0.066%

Together, before fees−0.758%+ Points / potential airdropVariational Omni: Active · farm board−$76 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 0.204% dearer against Bitget than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARUSDT	4.1680	0.0100	pay 0.0100% / 8h	2h 18m	$3.7M	$5.5M	75x
Short	Variational Omni AR	4.1738	0.0100	get 0.0100% / 8h	2h 18m	$234K	$626K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → −0.066%: $20.43
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $8.43
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 5 min ago; Variational Omni: RFQ quote, 31 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 Bitget live order book, 5 min ago	2.40 bp	30.4 bp −$30	113.4 bp −$1,134	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 31 min ago	7.28 bp	doesn't fit	122.6 bp −$1,226	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	−0.0925%	1h	4.1671	−0.021%	$51K	$179K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.1786	+0.255%	$536K	—	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.1750	+0.168%	$3.4M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.1735	+0.132%	$41K	$464K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.1712	+0.076%	$8.3M	$52.4M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.1691	+0.026%	$4.1M	$9.3M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.1700	+0.048%	$2.2M	$16.9M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.1640	−0.096%	$2.4M	$3.0M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.1700	+0.048%	$5.8M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.1720	+0.096%	$1.0M	$1.3M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDTlong	+0.0100%	8h	4.1680	long leg	$3.7M	$5.5M	75x
BingX AR-USDT	+0.0100%	8h	4.1720	+0.096%	—	$2.8M	—	as long as short
Variational Omni ARshort	+0.0100%	8h	4.1738	+0.138%	$234K	$626K	—
ApeX Omni ARUSDT	+0.0100%	1h	4.1740	+0.144%	$20K	$716K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.1789	+0.262%	$36K	$248K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.1820	+0.336%	$405K	$454K	20x	as long as short
Injective AR/USDC PERP	+0.0666%	1h	4.4240	+6.142%	$2K	$5K	5.5x	as long as short