Funding arb · Price arb /

ALGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0381%/8h= +41.7% APRpaid last 24h +0.101%

Price spread now: Variational Omni against Deribit−0.077%7-day average — · you buy dearer than you sell

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

Long on Deribit 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 airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.077% cheaper against Deribit than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 16 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ALGO_USDC-PERPETUAL	0.1129	−0.0281	get 0.0035% / 1h	8m 45s	$90K	$44K	25x
Short	Variational Omni ALGO	0.1128	0.0100	get 0.0100% / 8h	5h 08m	$62K	$12K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Deribit. 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 DeribitbpFee Variational OmnibpOrdersPrice spread, now −0.077%Rate

Funding earned: $80.01
Price spread: −0.077% → 0.000%: −$7.71
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $65.3
Costs to cover: 0.070%
Break-even: 1.3 days

Slippage unknown: Deribit: live order book, 55 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 Deribit live order book, 55 min ago	7.63 bp	13.8 bp −$14	27.1 bp −$271	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.

ALGO on 22 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
Deribit ALGO_USDC-PERPETUALlong	−0.0281%	1h	0.1129	long leg	$90K	$44K	25x
gTrade (Gains Network) ALGO/USD	L −0.0001% / S +0.0003%	1h	0.1130	+0.089%	$17K	—	150x	as long as short
Coinbase International ALGO-PERP-INTX	+0.0032%	1h	0.1131	+0.248%	$70K	$275K	50x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	−0.762%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1130	+0.168%	$3.8M	$2.0M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1129	+0.059%	$45K	$40K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1128	−0.041%	$9.9M	$34.7M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1128	−0.062%	$11.8M	$12.5M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1128	−0.062%	$2.9M	$7.8M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1128	−0.035%	$874K	$902K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ALGO_USDT	+0.0100%	8h	0.1129	+0.053%	$23.1M	$3.0M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1129	+0.071%	$3.6M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1130	+0.124%	$5.6M	$3.6M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1129	−0.009%	—	$3.3M	—	as long as short
Variational Omni ALGOshort	+0.0100%	8h	0.1128	−0.077%	$62K	$12K	—
HTX ALGO-USDT	+0.0100%	8h	0.1129	+0.053%	$60K	$140K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1131	+0.213%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1128	−0.025%	$4K	$227K	10x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1129	+0.071%	$494K	$924K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0344% / S −0.0313%	1h	0.1129	+0.045%	$7K	—	100x	as long as short
Kraken Futures PF_ALGOUSD	+0.0350%	1h	0.1129	+0.024%	$835K	$1.0M	50x	as long as short
dYdX ALGO-USD	+0.1923%	1h	0.1130	+0.085%	$163K	$4K	5x	as long as short