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 0.000%

Price spread now: Variational Omni against Bybit−0.006%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BASEDUSDT	0.06794	0.0100	pay 0.0050% / 4h	5m 58s	$2.1M	$593K	25x
Short	Variational Omni BASED	0.06794	0.0100	get 0.0050% / 4h	5m 58s	$93K	$21K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → 0.000%: −$0.61
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.61
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; Variational Omni: no order-book sample. 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 Bybit live order book, 1 min ago	5.89 bp	71.8 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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.

BASED on 15 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
Binance BASEDUSDT	+0.0100%	4h	0.06804	+0.154%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDTlong	+0.0100%	4h	0.06794	long leg	$2.1M	$593K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06796	+0.029%	$2.5M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06796	+0.029%	$541K	$542K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06805	+0.162%	$4.8M	$647K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06796	+0.029%	$569K	$65K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06805	+0.162%	$1.3M	$370K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06800	+0.088%	—	$1.7M	—	as long as short
Variational Omni BASEDshort	+0.0100%	4h	0.06794	−0.006%	$93K	$21K	—
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06810	+0.237%	$99K	$374K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06795	+0.015%	$1K	$830K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06803	+0.133%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0149%	4h	0.06803	+0.132%	$251K	$41K	25x	as long as short
Aster BASEDUSDT	+0.0259%	4h	0.06799	+0.081%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0299%	4h	0.06806	+0.177%	$3K	$652	10x	as long as short