Funding arb · Price arb /

IO

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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: Binance against Variational Omni−0.411%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 Binance

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: Binance is 0.411% cheaper against Variational Omni than usual: you would sell low and buy high, −$41 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 IO	0.1498	0.0100	pay 0.0050% / 4h	3h 01m	$32K	$14K	—
Short	Binance IOUSDT	0.1492	0.0100	get 0.0050% / 4h	3h 01m	$3.0M	$6.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.411%Rate

Funding earned: $0
Price spread: −0.411% → 0.000%: −$41.07
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$51.07
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Binance: live order book, 7 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 Binance live order book, 7 min ago	3.34 bp	30.9 bp −$31	117.6 bp −$1,176	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.

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	0.1492	−0.416%	$996K	$364K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1492	−0.410%	$23K	$48K	5x	as long as short
Binance IOUSDTshort	+0.0100%	4h	0.1492	−0.411%	$3.0M	$6.4M	50x
Bybit IOUSDT	+0.0100%	4h	0.1489	−0.570%	$1.1M	$901K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1490	−0.490%	$226K	$558K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1490	−0.517%	$1.2M	$232K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1492	−0.383%	$352K	$623K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1494	−0.250%	$1.3M	$1.3M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1492	−0.383%	—	$1.3M	—	as long as short
Variational Omni IOlong	+0.0100%	4h	0.1498	long leg	$32K	$14K	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1491	−0.455%	$1K	$207K	5x	as long as short
BloFin IO-USDT	+0.0112%	4h	0.1495	−0.183%	$192K	$38K	50x	as long as short
Injective IO/USDC PERP	+0.0193%	1h	0.1502	+0.285%	$2K	$201	5.5x	as long as short
Kraken Futures PF_IOUSD	+1.6782%	1h	0.1497	−0.075%	$39K	$10K	10x	as long as short