Settings8H · net · $10k
Funding arb · Price arb /

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0353%/8h= −38.7% APRnext payment $1.77 per $10,000 · paid last 24h −0.039%
Price spread now: Variational Omni against Bybit−0.220%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Variational Omni is 0.220% cheaper against Bybit than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit 4USDT0.019950.0453pay 0.0227% / 4h2h 15m$2.6M$2.0M5x
ShortVariational Omni 40.019900.0100get 0.0050% / 4h2h 15m$45K$8K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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

Funding earned
−$74.14
Price spread: −0.220% → 0.000%
−$22.05
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$107.19
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago6.27 bp164.8 bp −$165doesn't fitdoesn't fitdoesn'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.

4 on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni 4short+0.0100%4h0.01990−0.220%$45K$8K
SunX 4-USDT+0.0100%4h0.01995+0.015%$1K$1.4M20xas long as short
Aster 4USDT+0.0277%4h0.01995+0.032%$236K$113K5xas long as short
Gate 4_USDT+0.0336%4h0.02001+0.336%$535K$306K20xas long as short
MEXC 4_USDT+0.0388%4h0.01998+0.165%$1.6M$937K100xas long as short
Binance 4USDT+0.0390%4h0.01999+0.215%$7.8M$13.5M20xas long as short
Bybit 4USDTlong+0.0453%4h0.01995long leg$2.6M$2.0M5x
BingX 4-USDT+0.0494%4h0.02001+0.306%$1.4Mas long as short
KuCoin 4USDTM+0.0684%4h0.01996+0.065%$884K$12.6M20xas long as short