Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.023%

Price spread now: Variational Omni against tradeXYZ+0.018%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Variational 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: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:COST	898.97	0.0050	pay 0.0006% / 1h	32m 39s	$1.8M	$518K	20x
Short	Variational Omni COST	899.13	0	get 0.0000% / 8h	4h 32m	$41K	$17K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against tradeXYZ. 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 tradeXYZbpFee Variational OmnibpOrdersPrice spread, now +0.018%Rate

Funding earned: −$10.5
Price spread: +0.018% → 0.000%: $1.75
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$26.75
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago	1.61 bp	doesn't fit	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	899.18	+0.024%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.93	−0.004%	$490K	$219K	25x	as long as short
Gate COST_USDT	0.0000%	8h	899.22	+0.028%	$521K	$7K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	899.12	+0.017%	$403K	$77K	25x	as long as short
Variational Omni COSTshort	0.0000%	8h	899.13	+0.018%	$41K	$17K	—
SunX COST-USDT	0.0000%	8h	898.30	−0.075%	$1K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.13	+0.240%	$10K	$42K	10x	as long as short
OKX COST-USDT-SWAP	+0.0004%	8h	899.67	+0.078%	$443K	$112K	10x	as long as short
QFEX COST-USD	+0.0004%	1h	898.90	−0.008%	$1.1M	$2.7M	10x	as long as short
Binance COSTUSDT	+0.0007%	8h	899.13	+0.017%	$1.1M	$931K	20x	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	−0.778%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.080%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.75	−0.024%	—	—	25x	as long as short
tradeXYZ xyz:COSTlong	+0.0050%	1h	898.97	long leg	$1.8M	$518K	20x
KuCoin COSTUSDTM	+0.0100%	8h	898.70	−0.030%	$48K	$880K	20x	as long as short