Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against OKX+0.141%7-day average +0.001% · you sell dearer than you buy

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.299%−$30 · spread now +0.141%, 7d avg +0.001%

Together, before fees−0.299%+ Points / potential airdropVariational Omni: Active · farm board−$30 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: Variational Omni is 0.140% dearer against OKX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX STABLE-USDT-SWAP	0.02487	0.0100	pay 0.0050% / 4h	1h 11m	$200K	$379K	20x
Short	Variational Omni STABLE	0.02491	0.0100	get 0.0050% / 4h	1h 11m	$146K	$50K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now +0.141%Rate

Funding earned: $0
Price spread: +0.141% → +0.001%: $14.03
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $4.03
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 50 min ago; Variational Omni: RFQ quote, 53 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 OKX live order book, 50 min ago	4.01 bp	34.3 bp −$34	1394.0 bp −$13.9K	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 53 min ago	10.03 bp	doesn't fit	102.3 bp −$1,023	doesn't fit	doesn't fit

STABLE on 15 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
BloFin STABLE-USDT	+0.0080%	4h	0.02484	−0.121%	$119K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02500	+0.507%	$115K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02489	+0.076%	$875K	$180K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02487	+0.013%	$19K	$8K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02488	+0.054%	$2.6M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02490	+0.121%	$1.5M	$725K	25x	as long as short
OKX STABLE-USDT-SWAPlong	+0.0100%	4h	0.02487	long leg	$200K	$379K	20x
Gate STABLE_USDT	+0.0100%	4h	0.02487	0.000%	$175K	$58K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02488	+0.040%	$616K	$169K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02496	+0.362%	$185K	$28K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02485	−0.080%	$285K	$92K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02488	+0.040%	—	$6.5M	—	as long as short
Variational Omni STABLEshort	+0.0100%	4h	0.02491	+0.141%	$146K	$50K	—
SunX STABLE-USDT	+0.0100%	4h	0.02488	+0.020%	$1K	$833K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02487	−0.011%	$14K	$138K	10x	as long as short