Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.059%

Price spread now: Variational Omni against Bybit−0.064%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 0.064% cheaper against Bybit than usual: you would sell low and buy high, −$6 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	Bybit UBUSDT	0.1482	0.0100	pay 0.0050% / 4h	1h 20m	$1.1M	$2.4M	20x
Short	Variational Omni UB	0.1481	0.0100	get 0.0050% / 4h	1h 20m	$93	$5K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → 0.000%: −$6.45
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.45
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	5.06 bp	69.4 bp −$69	574.3 bp −$5,743	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.

UB on 14 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 UB-USDT	+0.0055%	4h	0.1483	+0.110%	$162K	$1.1M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1483	+0.101%	$3.2M	$16.7M	50x	as long as short
Bybit UBUSDTlong	+0.0100%	4h	0.1482	long leg	$1.1M	$2.4M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1482	+0.009%	$1.4M	$16.2M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1480	−0.113%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1482	+0.056%	$651K	$706K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1479	−0.147%	$1.0M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1481	−0.011%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1482	+0.022%	—	$2.7M	—	as long as short
Variational Omni UBshort	+0.0100%	4h	0.1481	−0.064%	$93	$5K	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX UBUSDC	+0.0100%	4h	0.1486	+0.315%	$38K	$260K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1483	+0.110%	$16K	$185K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1483	+0.103%	$957	$176K	5x	as long as short
Aster UBUSDT	+0.0713%	4h	0.1484	+0.148%	$402K	$203K	5x	as long as short