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: Variational Omni against KuCoin−0.118%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 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: Variational Omni is 0.118% cheaper against KuCoin than usual: you would sell low and buy high, −$12 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 IOUSDTM	0.1499	0.0100	pay 0.0050% / 4h	2h 48m	$352K	$623K	50x
Short	Variational Omni IO	0.1497	0.0100	get 0.0050% / 4h	2h 48m	$30K	$16K	—

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

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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → 0.000%: −$11.75
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$23.75
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 11 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, 11 min ago	6.71 bp	99.3 bp −$99	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.

IO on 14 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
Hyperliquid IO	+0.0100%	1h	0.1499	−0.013%	$1.0M	$361K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1500	+0.048%	$23K	$47K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1501	+0.120%	$3.0M	$6.4M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1499	−0.033%	$1.1M	$899K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1499	−0.033%	$233K	$444K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1498	−0.067%	$1.2M	$228K	125x	as long as short
KuCoin IOUSDTMlong	+0.0100%	4h	0.1499	long leg	$352K	$623K	50x
Bitget IOUSDT	+0.0100%	4h	0.1501	+0.133%	$1.4M	$1.3M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1500	+0.067%	—	$1.3M	—	as long as short
Variational Omni IOshort	+0.0100%	4h	0.1497	−0.118%	$30K	$16K	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1500	+0.040%	$3K	$219K	5x	as long as short
BloFin IO-USDT	+0.0104%	4h	0.1501	+0.133%	$192K	$39K	50x	as long as short
Injective IO/USDC PERP	+0.0619%	1h	0.1494	−0.334%	$2K	$198	5.5x	as long as short
Kraken Futures PF_IOUSD	+2.7455%	1h	0.1490	−0.578%	$38K	$10K	10x	as long as short