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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0450%/8h= +49.3% APRnext payment +$2.25 per $10,000 · paid last 24h +0.320%
Price spread now: OKX against Variational Omni+0.141%7-day average +0.105% · you sell dearer than you buy
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)+0.547%+$55 on $10k
Price spread, last 4 days (all we have)−1.185%−$119 · spread now +0.141%, 7d avg +0.105%
Together, before fees−0.638%+ Points / potential airdropVariational Omni: Active · farm board−$64 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and OKX is 0.036% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.105%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni S0.04052−0.0350get 0.0175% / 4h1h 57m$630K$30K
ShortOKX S-USDT-SWAP0.040580.0100get 0.0050% / 4h1h 57m$1.0M$4.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$94.54
Price spread: +0.141% → +0.105%
$3.56
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
$88.1
Costs to cover
0.100%
Break-even
0.5 days
Slippage unknown: Variational Omni: RFQ quote, 7 min ago; OKX: live order book, 5 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 Variational Omni RFQ quote, 7 min ago9.85 bpdoesn't fit120.7 bp −$1,207doesn't fitdoesn't fit
Sell OKX live order book, 5 min ago4.91 bp35.3 bp −$35doesn't fitdoesn't fitdoesn't fit

S on 24 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
01 Exchange SUSD−0.8000%1h0.03950−2.524%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.1696%1h0.04051−0.040%$34K$16K10xas long as short
Coinbase International S-PERP-INTX−0.1456%1h0.04022−0.747%$48K$16K25xas long as short
Variational Omni Slong−0.0350%4h0.04052long leg$630K$30K
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04059+0.158%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04048−0.115%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04059+0.168%$2K150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+1.177%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0054%4h0.04057+0.116%$101K$331K10xas long as short
Lighter S+0.0096%1h0.04058+0.141%$168K$155K5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04052+0.003%$1.0M$564K5xas long as short
Aster SUSDT+0.0100%4h0.04050−0.045%$44K$134K10xas long as short
Binance SUSDT+0.0100%4h0.04057+0.126%$5.6M$14.1M75xas long as short
Bybit SUSDT+0.0100%4h0.04051−0.032%$5.8M$4.5M50xas long as short
OKX S-USDT-SWAPshort+0.0100%4h0.04058+0.141%$1.0M$4.0M20x
Gate S_USDT+0.0100%4h0.04048−0.106%$333K$199K50xas long as short
MEXC S_USDT+0.0100%4h0.04050−0.057%$3.9M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04047−0.131%$1.9M$2.7M50xas long as short
Bitget SUSDT+0.0100%4h0.04056+0.092%$1.2M$2.2M50xas long as short
BingX S-USDT+0.0100%4h0.04056+0.092%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04050−0.057%$20K$446K50xas long as short
Extended S-USD+0.0104%1h0.04044−0.197%$228K$1.1M10xas long as short
Deribit S_USDC-PERPETUAL+0.0735%1h0.04063+0.264%$68K$10K10xas long as short
Backpack S_USDC_PERP+0.1499%1h0.04070+0.437%$118K$350K5xas long as short