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 +0.018%

Price spread now: Binance against Variational Omni+0.019%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 Binance

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	Variational Omni COST	900.86	0	get 0.0000% / 8h	3h 18m	$41K	$13K	—
Short	Binance COSTUSDT	901.03	0	get 0.0000% / 8h	3h 18m	$1.1M	$952K	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 +0.019%Rate

Funding earned: $0
Price spread: +0.019% → 0.000%: $1.92
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$8.08
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Binance: live order book, 14 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 no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	0.11 bp	6.6 bp −$7	45.4 bp −$454	doesn't fit	doesn't fit

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	900.83	−0.003%	$45K	$178	20x	as long as short
Binance COSTUSDTshort	0.0000%	8h	901.03	+0.019%	$1.1M	$952K	20x
Bybit COSTUSDT	0.0000%	8h	901.01	+0.017%	$491K	$220K	25x	as long as short
Gate COST_USDT	0.0000%	8h	900.97	+0.013%	$522K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	901.15	+0.032%	$403K	$78K	25x	as long as short
Variational Omni COSTlong	0.0000%	8h	900.86	long leg	$41K	$13K	—
SunX COST-USDT	0.0000%	8h	899.70	−0.128%	$1K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	903.12	+0.251%	$10K	$42K	10x	as long as short
OKX COST-USDT-SWAP	+0.0006%	8h	901.44	+0.065%	$441K	$116K	10x	as long as short
QFEX COST-USD	+0.0009%	1h	900.84	−0.002%	$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	−0.985%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.289%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	900.76	−0.011%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	900.68	−0.020%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	900.30	−0.062%	$48K	$890K	20x	as long as short