Funding arb · Price arb /

COIN

RWAall COIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.004%

Price spread now: Arcus against Variational Omni+0.015%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Arcus

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni COIN	196.56	0	get 0.0000% / 8h	2h 46m	$703K	$955K	—
Short	Arcus COIN-USD	196.59	0.0040	get 0.0005% / 1h	46m 57s	$15K	$55K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.015%Rate

Funding earned: $8.46
Price spread: +0.015% → 0.000%: $1.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $5.45
Costs to cover: 0.045%
Break-even: 2.5 days

Slippage unknown: Variational Omni: RFQ quote, 57 min ago; Arcus: 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 Variational Omni RFQ quote, 57 min ago	3.40 bp	doesn't fit	33.5 bp −$335	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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.

COIN on 26 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
Bitget COINUSDT	−0.0721%	8h	196.55	−0.005%	$6.3M	$10.5M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.43	−0.066%	$43K	$48K	30x	as long as short
Gate COIN_USDT	−0.0217%	8h	196.50	−0.031%	$1.2M	$7.3M	50x	as long as short
Vest COIN-USD-PERP	−0.0114%	1h	195.84	−0.367%	—	$281K	25x	as long as short
Aster COINUSDT	0.0000%	8h	196.35	−0.105%	$343K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.42	−0.073%	$114K	$857K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.41	−0.077%	$14.7M	$80.7M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.47	−0.046%	$4.7M	$6.1M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.48	−0.041%	$3.0M	$4.7M	20x	as long as short
Variational Omni COINlong	0.0000%	8h	196.56	long leg	$703K	$955K	—

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	196.57	+0.005%	$23K	$2.5M	10x	as long as short
Lighter COIN	+0.0032%	1h	196.43	−0.067%	$383K	$2.1M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.38	−0.092%	$453K	$1.5M	10x	as long as short
QFEX COIN-USD	+0.0038%	1h	196.51	−0.026%	$1.3M	$3.1M	10x	as long as short
Arcus COIN-USDshort	+0.0040%	1h	196.59	+0.015%	$15K	$55K	5x
tradeXYZ xyz:COIN	+0.0050%	1h	196.32	−0.122%	$15.3M	$13.6M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.40	−0.082%	$132K	$1.3M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.43	−0.066%	$73	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.43	−0.066%	$351K	$2.7M	10x	as long as short
Phoenix COIN	+0.0082%	1h	196.43	−0.066%	$4K	$283K	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	196.25	−0.158%	$989K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	196.44	−0.061%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.41	−0.077%	$568	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.42	−0.073%	$116	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.46	−0.051%	$188K	$393K	20x	as long as short
edgeX COINUSDC	+0.0708%	4h	196.51	−0.024%	$51K	$296K	10x	as long as short