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: BingX against Variational Omni−0.422%7-day average +0.106% · you buy dearer than you sell

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.136%+$14 on $10k

Price spread, last 3 days (all we have)+0.855%+$86 · spread now −0.422%, 7d avg +0.106%

Together, before fees+0.992%+ Points / potential airdropVariational Omni: Active · farm board+$99 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: BingX is 0.528% cheaper against Variational Omni than usual: you would sell low and buy high, −$53 on $10k if it goes back to its 7-day average of +0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AR	4.6024	0.0100	pay 0.0100% / 8h	48m 58s	$139K	$172K	—
Short	BingX AR-USDT	4.5830	0.0100	get 0.0100% / 8h	48m 58s	—	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now −0.422%Rate

Funding earned: $0
Price spread: −0.422% → +0.106%: −$52.76
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$62.76
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 30 min ago; BingX: live order book, 1 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 RFQ quote, 30 min ago	6.02 bp	doesn't fit	150.0 bp −$1,500	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	4.36 bp	19.8 bp −$20	38.9 bp −$389	298.6 bp −$29.9K	708.1 bp −$354.1K

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	−0.1966%	1h	4.5783	−0.524%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5936	−0.191%	$590K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0003%	8h	4.5820	−0.444%	$2.4M	$20.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.661%	$3K	$339	5.5x	as long as short
ApeX Omni ARUSDT	+0.0034%	1h	4.6080	+0.121%	$58K	$747K	50x	as long as short
MEXC AR_USDT	+0.0051%	8h	4.5870	−0.335%	$6.8M	$4.4M	100x	as long as short
Binance ARUSDT	+0.0052%	8h	4.5850	−0.379%	$9.1M	$55.8M	75x	as long as short
Extended AR-USD	+0.0056%	1h	4.5851	−0.377%	$37K	$237K	10x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5883	−0.307%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5854	−0.369%	$20K	$611K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.5870	−0.335%	$4.6M	$9.0M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5860	−0.357%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5840	−0.400%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5830	−0.422%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDTshort	+0.0100%	8h	4.5830	−0.422%	—	$2.9M	—
Variational Omni ARlong	+0.0100%	8h	4.6024	long leg	$139K	$172K	—
BloFin AR-USDT	+0.0172%	8h	4.5830	−0.422%	$430K	$675K	20x	as long as short