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 0.000%

Price spread now: OKX against Variational Omni−0.223%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 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: OKX is 0.223% cheaper against Variational Omni than usual: you would sell low and buy high, −$22 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	Variational Omni BASED	0.06860	0.0100	pay 0.0050% / 4h	1h 36m	$94K	$10K	—
Short	OKX BASED-USDT-SWAP	0.06845	0.0100	get 0.0050% / 4h	1h 36m	$2.7M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Variational Omni. 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 Variational OmnibpFee OKXbpOrdersPrice spread, now −0.223%Rate

Funding earned: $0
Price spread: −0.223% → 0.000%: −$22.3
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$32.3
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; OKX: 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 no order-book sample	—	—	—	—	—
Sell OKX live order book, 1 min ago	0.73 bp	20.6 bp −$21	129.1 bp −$1,291	doesn't fit	doesn't fit

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	0.06853	−0.111%	$4.2M	$3.2M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06842	−0.267%	$2.1M	$714K	25x	as long as short
OKX BASED-USDT-SWAPshort	+0.0100%	4h	0.06845	−0.223%	$2.7M	$3.9M	20x
Gate BASED_USDT	+0.0100%	4h	0.06851	−0.136%	$537K	$594K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06853	−0.106%	$4.9M	$536K	50x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06857	−0.048%	$1.3M	$390K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06847	−0.194%	—	$1.7M	—	as long as short
Variational Omni BASEDlong	+0.0100%	4h	0.06860	long leg	$94K	$10K	—
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06831	−0.421%	$99K	$376K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06848	−0.179%	$1K	$927K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BASED-USD	+0.0104%	1h	0.06850	−0.143%	$2K	$205K	5x	as long as short
BloFin BASED-USDT	+0.0135%	4h	0.06858	−0.034%	$261K	$50K	25x	as long as short
Aster BASEDUSDT	+0.0146%	4h	0.06855	−0.080%	$29K	$6K	5x	as long as short
KuCoin BASEDUSDTM	+0.0192%	4h	0.06864	+0.054%	$584K	$71K	20x	as long as short
Orderly PERP_BASED_USDC	+0.0380%	4h	0.06852	−0.121%	$3K	$664	10x	as long as short