Settings8H · net · $10k
Funding arb · Price arb /

S

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.1042%/8h= −114.2% APRnext payment $5.21 per $10,000 · paid last 24h −0.208%
Price spread now: Variational Omni against Aster−0.345%7-day average −0.214% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.398%−$40 on $10k
Price spread, last 3 days (all we have)+0.716%+$72 · spread now −0.345%, 7d avg −0.214%
Together, before fees+0.318%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Variational Omni is 0.130% cheaper against Aster than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.214%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SUSDT0.03909−0.0013get 0.0006% / 4h2h 27m$43K$212K10x
ShortVariational Omni S0.03895−0.1055pay 0.0528% / 4h2h 27m$606K$34K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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

Funding earned
−$218.92
Price spread: −0.345% → −0.214%
−$13.02
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$239.94
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 58 min ago; Variational Omni: RFQ quote, 61 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 58 min ago8.83 bp32.8 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 61 min ago6.32 bpdoesn't fit69.5 bp −$695doesn't fitdoesn't fit

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SUSD−0.1461%1h0.03907−0.042%$33K$30K10xas long as short
Coinbase International S-PERP-INTX−0.1264%1h0.03826−2.118%$47K$5K25xas long as short
Variational Omni Sshort−0.1055%4h0.03895−0.345%$606K$34K
GMX S/USD [WBTC.b-USDC]L −0.0189% / S +0.0183%1h0.03908−0.015%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03902−0.164%$415xas long as short
Orderly PERP_S_USDC−0.0017%4h0.03905−0.097%$101K$338K10xas long as short
Aster SUSDTlong−0.0013%4h0.03909long leg$43K$212K10x
01 Exchange SUSD0.0000%1h0.03900−0.225%$24K$3K5xas long as short
Deribit S_USDC-PERPETUAL0.0000%1h0.03909+0.005%$66K$10K10xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03909−0.006%$602150xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective S/USDC PERP+0.0033%1h0.04100+4.892%$2K$37K12xas long as short
Lighter S+0.0096%1h0.03908−0.020%$164K$240K5xas long as short
Hyperliquid S+0.0100%1h0.03903−0.143%$985K$911K5xas long as short
Binance SUSDT+0.0100%4h0.03907−0.046%$5.3M$23.6M75xas long as short
Bybit SUSDT+0.0100%4h0.03897−0.302%$5.6M$6.4M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03903−0.148%$971K$7.3M20xas long as short
Gate S_USDT+0.0100%4h0.03901−0.199%$319K$292K50xas long as short
MEXC S_USDT+0.0100%4h0.03904−0.123%$3.5M$2.6M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03900−0.225%$1.8M$3.1M50xas long as short
Bitget SUSDT+0.0100%4h0.03903−0.148%$1.2M$3.0M50xas long as short
BingX S-USDT+0.0100%4h0.03903−0.148%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03900−0.225%$19K$470K50xas long as short
Extended S-USD+0.0104%1h0.03904−0.114%$219K$883K10xas long as short
BloFin S-USDT+0.0340%4h0.03905−0.097%$268K$162K75xas long as short
Backpack S_USDC_PERP+0.0446%1h0.03910+0.031%$114K$288K5xas long as short