Funding arb · Price arb /

NOT

all NOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.065%

Price spread now: Variational Omni against Bitget−0.340%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.340% cheaper against Bitget than usual: you would sell low and buy high, −$34 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	Bitget NOTUSDT	0.0005066	0.0100	pay 0.0050% / 4h	3h 13m	$680K	$480K	50x
Short	Variational Omni NOT	0.0005049	0.0100	get 0.0050% / 4h	3h 13m	$72K	$38K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now −0.340%Rate

Funding earned: $0
Price spread: −0.340% → 0.000%: −$34.02
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$46.02
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 16 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 Bitget live order book, 16 min ago	8.01 bp	18.8 bp −$19	215.1 bp −$2,151	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.

NOT on 16 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
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.790%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005068	+0.034%	$11K	$6K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005050	−0.316%	$340K	$66K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005053	−0.253%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005057	−0.178%	$2.1M	$2.9M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005054	−0.237%	$2.1M	$812K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005060	−0.118%	$646K	$658K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005050	−0.316%	$141K	$59K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005059	−0.138%	$1.4M	$463K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005053	−0.257%	$495K	$135K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NOTUSDTlong	+0.0100%	4h	0.0005066	long leg	$680K	$480K	50x
BingX NOT-USDT	+0.0100%	4h	0.0005057	−0.178%	—	$8.3M	—	as long as short
Variational Omni NOTshort	+0.0100%	4h	0.0005049	−0.340%	$72K	$38K	—
BloFin NOT-USDT	+0.0103%	4h	0.0005048	−0.355%	$108K	$18K	50x	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005058	−0.164%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSD	+0.1145%	1h	0.0005066	+0.008%	$49K	$5K	10x	as long as short