Funding arb · Price arb /

COST

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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 +0.036%

Price spread now: Variational Omni against OKX−0.006%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COST-USDT-SWAP	902.52	0	get 0.0000% / 8h	1h 40m	$442K	$123K	10x
Short	Variational Omni COST	902.47	0	get 0.0000% / 8h	1h 40m	$41K	$13K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → 0.000%: −$0.59
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.59
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 65 min ago; Variational Omni: 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 OKX live order book, 65 min ago	2.27 bp	17.2 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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.

COST on 15 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 COSTUSDT	0.0000%	8h	902.81	+0.032%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	902.67	+0.016%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	902.89	+0.041%	$491K	$220K	25x	as long as short
OKX COST-USDT-SWAPlong	0.0000%	8h	902.52	long leg	$442K	$123K	10x
Gate COST_USDT	0.0000%	8h	902.42	−0.011%	$522K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.62	+0.011%	$401K	$83K	25x	as long as short
Variational Omni COSTshort	0.0000%	8h	902.47	−0.006%	$41K	$13K	—
SunX COST-USDT	0.0000%	8h	901.80	−0.080%	$2K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	903.98	+0.162%	$10K	$42K	10x	as long as short
QFEX COST-USD	0.0000%	1h	902.28	−0.027%	$1.1M	$2.5M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.168%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.473%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.28	−0.027%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	901.98	−0.060%	$1.8M	$519K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	901.50	−0.113%	$47K	$901K	20x	as long as short