Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.028%

Price spread now: Variational Omni against KuCoin+0.019%7-day average −0.109% · you sell dearer than you buy

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.180%−$18 on $10k

Price spread, last 3 days (all we have)−0.250%−$25 · spread now +0.019%, 7d avg −0.109%

Together, before fees−0.430%+ Points / potential airdropVariational Omni: Active · farm board−$43 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 0.129% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARUSDTM	4.5720	0.0100	pay 0.0100% / 8h	1h 04m	$1.4M	$1.2M	50x
Short	Variational Omni AR	4.5729	0.0100	get 0.0100% / 8h	1h 04m	$139K	$173K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → −0.109%: $12.88
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.88
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 6 min ago; Variational Omni: RFQ quote, 15 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 KuCoin live order book, 6 min ago	5.48 bp	101.3 bp −$101	588.7 bp −$5,887	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 15 min ago	6.02 bp	doesn't fit	146.8 bp −$1,468	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	−0.1894%	1h	4.5678	−0.092%	$46K	$157K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5724	+0.009%	$588K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0032%	8h	4.5660	−0.131%	$2.4M	$20.8M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	0.000%	$3K	$339	5.5x	as long as short
Binance ARUSDT	+0.0070%	8h	4.5688	−0.071%	$9.0M	$55.7M	75x	as long as short
Extended AR-USD	+0.0072%	1h	4.5693	−0.058%	$37K	$237K	10x	as long as short
MEXC AR_USDT	+0.0073%	8h	4.5700	−0.044%	$6.9M	$4.6M	100x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5804	+0.184%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5688	−0.070%	$20K	$615K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5673	−0.103%	$4.7M	$8.9M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5710	−0.022%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTMlong	+0.0100%	8h	4.5720	long leg	$1.4M	$1.2M	50x
Bitget ARUSDT	+0.0100%	8h	4.5650	−0.153%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5670	−0.109%	—	$2.9M	—	as long as short
Variational Omni ARshort	+0.0100%	8h	4.5729	+0.019%	$139K	$173K	—
ApeX Omni ARUSDT	+0.0100%	1h	4.5820	+0.219%	$58K	$749K	50x	as long as short
BloFin AR-USDT	+0.0194%	8h	4.5680	−0.087%	$427K	$673K	20x	as long as short