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

USUAL

all USUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Variational Omni−0.077%7-day average · 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 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: Bybit is 0.077% cheaper against Variational Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni USUAL0.013890.0100pay 0.0050% / 4h3h 49m$10K$1K
ShortBybit USUALUSDT0.013880.0100get 0.0050% / 4h3h 49m$1.0M$739K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$0
Price spread: −0.077% → 0.000%
−$7.71
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$18.71
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, just now. 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 no order-book sample
Sell Bybit live order book, just now3.24 bp40.1 bp −$40203.5 bp −$2,035doesn't fitdoesn't fit
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−0.4152%1h0.01371−1.315%$6K$3K5.5xas long as short
Kraken Futures PF_USUALUSD−0.0124%1h0.01388−0.118%$111K$21K10xas long as short
Hyperliquid USUAL+0.0100%1h0.01387−0.163%$394K$178K3xas long as short
Binance USUALUSDT+0.0100%4h0.01386−0.204%$2.2M$3.1M50xas long as short
Bybit USUALUSDTshort+0.0100%4h0.01388−0.077%$1.0M$739K25x
Gate USUAL_USDT+0.0100%8h0.01387−0.163%$938K$93K50xas long as short
MEXC USUAL_USDT+0.0100%4h0.01387−0.178%$6.1M$248K100xas long as short
KuCoin USUALUSDTM+0.0100%4h0.01390+0.052%$266K$47K20xas long as short
Bitget USUALUSDT+0.0100%4h0.01388−0.091%$799K$383K50xas long as short
BingX USUAL-USDT+0.0100%4h0.01388−0.113%$1.2Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni USUALlong+0.0100%4h0.01389long leg$10K$1K