Funding arb · Price arb /

INIT

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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 Binance−0.282%7-day average — · you buy dearer than you sell

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

Long on Binance 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 0.282% cheaper against Binance than usual: you would sell low and buy high, −$28 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	Binance INITUSDT	0.08315	0.0100	pay 0.0050% / 4h	3h 13m	$3.4M	$3.6M	25x
Short	Variational Omni INIT	0.08292	0.0100	get 0.0050% / 4h	3h 13m	$26K	$23K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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 BinancebpFee Variational OmnibpOrdersPrice spread, now −0.282%Rate

Funding earned: $0
Price spread: −0.282% → 0.000%: −$28.24
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$38.24
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 8 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 Binance live order book, 8 min ago	2.42 bp	25.7 bp −$26	116.5 bp −$1,165	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.

INIT on 13 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
BloFin INIT-USDT	+0.0081%	4h	0.08324	+0.106%	$155K	$113K	25x	as long as short
Hyperliquid INIT	+0.0100%	1h	0.08312	−0.034%	$302K	$234K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08295	−0.243%	$27K	$37K	5x	as long as short
Binance INITUSDTlong	+0.0100%	4h	0.08315	long leg	$3.4M	$3.6M	25x
Bybit INITUSDT	+0.0100%	4h	0.08312	−0.038%	$1.4M	$1.5M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08310	−0.062%	$137K	$646K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08305	−0.123%	$84K	$55K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08314	−0.014%	$451K	$220K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	0.08303	−0.147%	$331K	$54K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	0.08307	−0.099%	$432K	$304K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX INIT-USDT	+0.0100%	4h	0.08316	+0.010%	—	$6.6M	—	as long as short
Variational Omni INITshort	+0.0100%	4h	0.08292	−0.282%	$26K	$23K	—
Kraken Futures PF_INITUSD	+0.0191%	1h	0.08319	+0.040%	$5K	$17K	10x	as long as short