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

USUAL

all USUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Variational Omni against BingX+0.321%7-day average · 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 4 days (all we have)no history yet
Price spread, last 7 daysno 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 0.321% dearer against BingX than usual: you sell high and buy low, +$32 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX USUAL-USDT0.013930.0100pay 0.0050% / 4h39m 43s$1.2M
ShortVariational Omni USUAL0.013970.0100get 0.0050% / 4h39m 43s$11K$1K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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
$0
Price spread: +0.321% → 0.000%
$32.15
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$22.15
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: BingX: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 5 min ago5.00 bp21.5 bp −$21114.3 bp −$1,143445.2 bp −$44.5K684.6 bp −$342.3K
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.

USUAL on 11 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
Injective USUAL/USDC PERP−0.3920%1h0.01378−1.063%$6K$3K5.5xas long as short
Kraken Futures PF_USUALUSD+0.0011%1h0.01394+0.104%$112K$21K10xas long as short
Hyperliquid USUAL+0.0100%1h0.01393+0.014%$396K$182K3xas long as short
Binance USUALUSDT+0.0100%4h0.01392−0.057%$2.2M$3.1M50xas long as short
Bybit USUALUSDT+0.0100%4h0.01393+0.029%$1.0M$754K25xas long as short
Gate USUAL_USDT+0.0100%8h0.01396+0.230%$944K$103K50xas long as short
MEXC USUAL_USDT+0.0100%4h0.01393−0.014%$6.1M$255K100xas long as short
KuCoin USUALUSDTM+0.0100%4h0.01395+0.158%$267K$47K20xas long as short
Bitget USUALUSDT+0.0100%4h0.01393+0.014%$804K$390K50xas long as short
BingX USUAL-USDTlong+0.0100%4h0.01393long leg$1.2M
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni USUALshort+0.0100%4h0.01397+0.321%$11K$1K