Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0320%/8h= −35.1% APRpaid last 24h −0.113%

Price spread now: tradeXYZ against Variational Omni−0.054%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 tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and tradeXYZ is 0.054% cheaper against Variational Omni than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BX	126.35	0.0011	pay 0.0011% / 8h	3h 04m	$43K	$12K	—
Short	tradeXYZ xyz:BX	126.28	−0.0309	pay 0.0039% / 1h	4m 16s	$664K	$223K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$67.26
Price spread: −0.054% → 0.000%: −$5.37
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$90.64
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; tradeXYZ: live order book, 12 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 tradeXYZ live order book, 12 min ago	1.98 bp	31.9 bp −$32	doesn't fit	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
tradeXYZ xyz:BXshort	−0.0309%	1h	126.28	−0.054%	$664K	$223K	10x
Aster BXUSDT	0.0000%	8h	126.17	−0.139%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.37	+0.018%	$483K	$803K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.49	+0.112%	$164K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.92	+0.453%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.44	+0.073%	$422K	$28K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.42	+0.057%	$900K	$37K	20x	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.40	+0.043%	$767	$106K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.38	+0.025%	$861	$313K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.43	+0.065%	$7K	$3K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BXlong	+0.0011%	8h	126.35	long leg	$43K	$12K	—
KuCoin BXUSDTM	+0.0100%	8h	126.13	−0.172%	$113K	$880K	20x	as long as short
Binance BXUSDT	+0.0118%	8h	126.31	−0.030%	$776K	$496K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.808%	$4K	$32K	12x	as long as short