Funding arb · Price arb /

COIN

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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 +0.009%

Price spread now: Binance against Variational Omni−0.079%7-day average +0.004% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 7 days+0.091%+$9 · spread now −0.079%, 7d avg +0.004%

Together, before fees+0.094%+ Points / potential airdropVariational Omni: Active · farm board+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.083% cheaper against Variational Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni COIN	196.58	0	get 0.0000% / 8h	2h 04m	$712K	$962K	—
Short	Binance COINUSDT	196.43	0	get 0.0000% / 8h	2h 04m	$15.1M	$82.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → +0.004%: −$8.29
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$18.29
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 35 min ago; Binance: live order book, 8 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 RFQ quote, 35 min ago	2.89 bp	doesn't fit	31.7 bp −$317	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.25 bp	6.0 bp −$6	13.7 bp −$137	58.7 bp −$5,872	doesn't fit

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	−0.0725%	8h	196.56	−0.010%	$6.4M	$10.7M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.49	−0.046%	$43K	$48K	30x	as long as short
Vest COIN-USD-PERP	−0.0108%	1h	195.91	−0.341%	—	$289K	25x	as long as short
Gate COIN_USDT	−0.0080%	8h	196.46	−0.061%	$1.2M	$7.4M	50x	as long as short
Aster COINUSDT	0.0000%	8h	196.30	−0.144%	$342K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.36	−0.111%	$112K	$849K	10x	as long as short
Binance COINUSDTshort	0.0000%	8h	196.43	−0.079%	$15.1M	$82.6M	20x
Bybit COINUSDT	0.0000%	8h	196.40	−0.092%	$4.7M	$6.3M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.47	−0.056%	$3.0M	$4.7M	20x	as long as short
Variational Omni COINlong	0.0000%	8h	196.58	long leg	$712K	$962K	—

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	196.59	+0.005%	$13K	$2.6M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.33	−0.127%	$458K	$1.5M	10x	as long as short
QFEX COIN-USD	+0.0038%	1h	196.45	−0.066%	$1.3M	$3.0M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.53	−0.026%	$15K	$54K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.34	−0.122%	$15.3M	$13.9M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.29	−0.148%	$128K	$1.4M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.37	−0.107%	$95	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.27	−0.158%	$451K	$2.9M	10x	as long as short
Phoenix COIN	+0.0082%	1h	196.47	−0.056%	$4K	$283K	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	196.12	−0.234%	$988K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	196.39	−0.097%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.42	−0.082%	$568	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.39	−0.097%	$116	—	10x	as long as short
Lighter COIN	+0.0120%	1h	196.33	−0.126%	$380K	$2.3M	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.50	−0.041%	$185K	$422K	20x	as long as short
edgeX COINUSDC	+0.0902%	4h	196.55	−0.018%	$51K	$295K	10x	as long as short