Funding arb · Price arb /

NOT

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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: BingX against Variational Omni+0.150%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on BingX

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: BingX is 0.150% dearer against Variational Omni than usual: you sell high and buy low, +$15 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 NOT	0.0004904	0.0100	pay 0.0050% / 4h	10m 08s	$70K	$12K	—
Short	BingX NOT-USDC	0.0004911	0.0100	get 0.0050% / 4h	10m 08s	—	$734K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.150%Rate

Funding earned: $0
Price spread: +0.150% → 0.000%: $14.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $4.99
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 57 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 BingX live order book, 57 min ago	5.11 bp	149.9 bp −$150	doesn't fit	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.

NOT on 16 exchanges

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	−0.605%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0095%	4h	0.0004915	+0.231%	$109K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0004925	+0.441%	$11K	$6K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0004910	+0.129%	$322K	$73K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0004913	+0.199%	$13K	$4K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0004917	+0.266%	$2.1M	$2.9M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0004910	+0.129%	$2.1M	$822K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0004918	+0.293%	$640K	$724K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0004910	+0.129%	$141K	$63K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0004914	+0.211%	$1.2M	$505K	200x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0004911	+0.150%	$502K	$148K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0004919	+0.313%	$643K	$538K	50x	as long as short
BingX NOT-USDCshort	+0.0100%	4h	0.0004911	+0.150%	—	$734K	—
Variational Omni NOTlong	+0.0100%	4h	0.0004904	long leg	$70K	$12K	—
Extended kNOT-USD	+0.0104%	1h	0.0004913	+0.183%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSD	+0.2661%	1h	0.0004908	+0.089%	$47K	$8K	10x	as long as short