Funding arb · Price arb /

LSK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%

Price spread now: Variational Omni against Bybit+0.056%7-day average +0.082% · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.439%+$44 on $10k

Price spread, last 3 days (all we have)+0.346%+$35 · spread now +0.056%, 7d avg +0.082%

Together, before fees+0.785%+ Points / potential airdropVariational Omni: Active · farm board+$79 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.026% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LSKUSDT	0.3673	0.0100	pay 0.0013% / 1h	20m 41s	$10.0M	$20.1M	25x
Short	Variational Omni LSK	0.3675	0.0100	get 0.0013% / 1h	20m 41s	$28K	$232K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.082%: −$2.6
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.6
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Variational Omni: RFQ quote, 63 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 Bybit live order book, 3 min ago	0.14 bp	27.3 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 63 min ago	6.84 bp	doesn't fit	217.5 bp −$2,175	doesn't fit	doesn't fit

LSK on 10 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
Aster LSKUSDT	−0.0715%	1h	0.3667	−0.166%	$62K	$121K	5x	as long as short
Binance LSKUSDT	−0.0426%	1h	0.3667	−0.161%	$15.3M	$95.3M	50x	as long as short
MEXC LSK_USDT	−0.0416%	1h	0.3668	−0.133%	$8.2M	$2.5M	20x	as long as short
Gate LSK_USDT	+0.0096%	1h	0.3675	+0.046%	$1.5M	$2.7M	20x	as long as short
Bybit LSKUSDTlong	+0.0100%	1h	0.3673	long leg	$10.0M	$20.1M	25x
Variational Omni LSKshort	+0.0100%	1h	0.3675	+0.056%	$28K	$232K	—
HTX LSK-USDT	+0.0100%	1h	0.3675	+0.057%	$62K	$306K	20x	as long as short
Bitget LSKUSDT	+0.0104%	1h	0.3670	−0.090%	$2.6M	$8.9M	50x	as long as short
BingX LSK-USDT	+0.0104%	1h	0.3675	+0.054%	—	$3.0M	—	as long as short
Kraken Futures PF_LSKUSD	+0.0237%	1h	0.3678	+0.122%	$113K	$186K	10x	as long as short