Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h +0.030%

Price spread now: Variational Omni against QFEX+0.006%47s7-day average — · you sell dearer than you buy

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

Long on QFEX 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	QFEX COST-USD	902.87	0.0004	pay 0.0001% / 1h	8m 42s	$1.1M	$2.4M	10x
Short	Variational Omni COST	902.92	0	get 0.0000% / 8h	8m 42s	$41K	$13K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against QFEX. 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 QFEXbpFee Variational OmnibpOrdersPrice spread, now +0.006%Rate

Funding earned: −$0.92
Price spread: +0.006% → 0.000%: $0.58
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.35
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 4 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 QFEX live order book, 4 min ago	1.33 bp	7.6 bp −$8	15.3 bp −$153	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	902.95	+0.009%	$45K	$133	20x	as long as short
Binance COSTUSDT	0.0000%	8h	903.01	+0.015%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	902.74	−0.014%	$491K	$91K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	902.92	+0.006%	$443K	$122K	10x	as long as short
Gate COST_USDT	0.0000%	8h	902.96	+0.010%	$523K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.75	−0.013%	$401K	$81K	25x	as long as short
Variational Omni COSTshort	0.0000%	8h	902.92	+0.006%	$41K	$13K	—
SunX COST-USDT	0.0000%	8h	902.50	−0.041%	$2K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	904.32	+0.161%	$10K	$42K	10x	as long as short
QFEX COST-USDlong	+0.0004%	1h	902.87	long leg	$1.1M	$2.4M	10x

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	−1.206%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.512%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.10	−0.085%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	902.63	−0.027%	$1.8M	$509K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	902.10	−0.085%	$48K	$910K	20x	as long as short