Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against KuCoin−0.193%7-day average — · you buy dearer than you sell

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)—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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.193% cheaper against KuCoin than usual: you would sell low and buy high, −$19 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BASEDUSDTM	0.06888	0.0100	pay 0.0050% / 4h	3h 05m	$569K	$58K	20x
Short	Variational Omni BASED	0.06875	0.0100	get 0.0050% / 4h	3h 05m	$94K	$18K	—

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 −0.193%Rate

Funding earned: $0
Price spread: −0.193% → 0.000%: −$19.27
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$31.27
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 47 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 KuCoin live order book, 47 min ago	24.21 bp	458.8 bp −$459	1063.3 bp −$10.6K	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
Bybit BASEDUSDT	+0.0100%	4h	0.06877	−0.160%	$2.1M	$604K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06884	−0.058%	$2.6M	$3.7M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06882	−0.087%	$547K	$552K	50x	as long as short
KuCoin BASEDUSDTMlong	+0.0100%	4h	0.06888	long leg	$569K	$58K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06892	+0.058%	$1.3M	$356K	25x	as long as short
Variational Omni BASEDshort	+0.0100%	4h	0.06875	−0.193%	$94K	$18K	—
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06860	−0.407%	$91K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06879	−0.131%	$1K	$845K	20x	as long as short
BloFin BASED-USDT	+0.0115%	4h	0.06895	+0.102%	$255K	$41K	25x	as long as short
Extended BASED-USD	+0.0128%	1h	0.06884	−0.060%	$4K	$204K	5x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BASED_USDT	+0.0130%	4h	0.06885	−0.044%	$4.9M	$652K	50x	as long as short
Binance BASEDUSDT	+0.0131%	4h	0.06887	−0.011%	$4.2M	$3.1M	25x	as long as short
BingX BASED-USDT	+0.0140%	4h	0.06886	−0.029%	—	$1.7M	—	as long as short
Orderly PERP_BASED_USDC	+0.0285%	4h	0.06885	−0.044%	$3K	$652	10x	as long as short
Aster BASEDUSDT	+0.0400%	4h	0.06884	−0.056%	$29K	$6K	5x	as long as short