Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.023%

Price spread now: tradeXYZ against Variational Omni−0.020%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

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 airdropVariational Omni: Active · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.020% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.020% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 5.3 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni COST	898.64	0.0037	pay 0.0037% / 8h	5h 22m	$42K	$17K	—
Short	tradeXYZ xyz:COST	898.46	0.0050	get 0.0006% / 1h	22m 54s	$1.8M	$515K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.020%Rate

Funding earned: $2.67
Price spread: −0.020% → 0.000%: −$2.01
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$17.34
Costs to cover: 0.180%
Break-even: 52.4 days

Slippage unknown: Variational Omni: no order-book sample; tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago	0.44 bp	10.8 bp −$11	doesn't fit	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	898.70	+0.007%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.62	−0.002%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.86	+0.136%	$447K	$109K	10x	as long as short
Gate COST_USDT	0.0000%	8h	898.92	+0.031%	$520K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	898.93	+0.032%	$403K	$102K	25x	as long as short
SunX COST-USDT	0.0000%	8h	898.20	−0.049%	$1K	$3.0M	10x	as long as short
HTX COST-USDT	0.0000%	8h	899.85	+0.135%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0005%	1h	898.59	−0.006%	$1.1M	$2.9M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.741%	$2K	$28K	12x	as long as short
Variational Omni COSTlong	+0.0037%	8h	898.64	long leg	$42K	$17K	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended COST-USD	+0.0040%	1h	898.25	−0.043%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.45	−0.021%	—	—	25x	as long as short
tradeXYZ xyz:COSTshort	+0.0050%	1h	898.46	−0.020%	$1.8M	$515K	20x
KuCoin COSTUSDTM	+0.0100%	8h	898.20	−0.049%	$49K	$872K	20x	as long as short
Binance COSTUSDT	+0.0140%	8h	898.87	+0.026%	$1.1M	$930K	20x	as long as short