Funding arb · Price arb /

BX

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Swap Backtest

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 −0.124%

Price spread now: Bybit against Variational Omni−0.028%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Bybit

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 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: Bybit is 0.028% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 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	Variational Omni BX	126.37	0	get 0.0000% / 8h	2h 30m	$43K	$12K	—
Short	Bybit BXUSDT	126.33	0	get 0.0000% / 8h	2h 30m	$482K	$803K	25x

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

Position, each leg$Hold fordaysFee Variational OmnibpFee BybitbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → 0.000%: −$2.8
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: −$13.8
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 14 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 14 min ago	1.58 bp	92.3 bp −$92	222.1 bp −$2,221	doesn't fit	doesn'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.

BX 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
Aster BXUSDT	0.0000%	8h	126.27	−0.079%	$5K	$2K	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.39	+0.017%	$776K	$494K	20x	as long as short
Bybit BXUSDTshort	0.0000%	8h	126.33	−0.028%	$482K	$803K	25x
OKX BX-USDT-SWAP	0.0000%	8h	126.24	−0.099%	$163K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.95	+0.463%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.45	+0.067%	$422K	$25K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.44	+0.059%	$900K	$37K	20x	as long as short
Variational Omni BXlong	0.0000%	8h	126.37	long leg	$43K	$12K	—
GRVT BX_USDT_Perp	0.0000%	8h	126.37	+0.002%	$373	$106K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.37	+0.004%	$967	$313K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BX-USDT	0.0000%	8h	126.81	+0.352%	$7K	$4K	20x	as long as short
tradeXYZ xyz:BX	+0.0044%	1h	126.28	−0.068%	$664K	$221K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.20	−0.131%	$114K	$855K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.793%	$4K	$32K	12x	as long as short