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: Bybit against Variational Omni+0.016%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 Variational Omni Short on Bybit

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)−0.417%−$42 · spread now +0.016%, 7d avg −0.082%

Together, before fees−0.856%+ Points / potential airdropVariational Omni: Active · farm board−$86 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: Bybit is 0.097% dearer against Variational Omni than usual: you sell high and buy low, +$10 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	Variational Omni LSK	0.3670	0.0100	pay 0.0013% / 1h	31m 17s	$28K	$235K	—
Short	Bybit LSKUSDT	0.3671	0.0100	get 0.0013% / 1h	31m 17s	$10.0M	$20.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.082%: $9.71
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1.29
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 53 min ago; Bybit: live order book, 2 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 RFQ quote, 53 min ago	6.84 bp	doesn't fit	277.7 bp −$2,777	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.14 bp	24.1 bp −$24	doesn't fit	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	−0.0639%	1h	0.3667	−0.093%	$62K	$121K	5x	as long as short
Binance LSKUSDT	−0.0325%	1h	0.3665	−0.149%	$15.2M	$95.3M	50x	as long as short
MEXC LSK_USDT	−0.0304%	1h	0.3667	−0.091%	$8.1M	$2.5M	20x	as long as short
Gate LSK_USDT	+0.0096%	1h	0.3672	+0.054%	$1.5M	$2.7M	20x	as long as short
Bybit LSKUSDTshort	+0.0100%	1h	0.3671	+0.016%	$10.0M	$20.1M	25x
Variational Omni LSKlong	+0.0100%	1h	0.3670	long leg	$28K	$235K	—
HTX LSK-USDT	+0.0100%	1h	0.3666	−0.099%	$61K	$305K	20x	as long as short
Bitget LSKUSDT	+0.0104%	1h	0.3666	−0.110%	$2.6M	$8.9M	50x	as long as short
BingX LSK-USDT	+0.0104%	1h	0.3673	+0.084%	—	$3.0M	—	as long as short
Kraken Futures PF_LSKUSD	+0.0237%	1h	0.3672	+0.058%	$112K	$184K	10x	as long as short