Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.027%

Price spread now: Variational Omni against Gate−0.129%7-day average — · you buy dearer than you sell

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

Long on Gate 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.129% cheaper against Gate than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ALT_USDT	0.007573	0.0100	pay 0.0100% / 8h	7h 10m	$51K	$409K	25x
Short	Variational Omni ALT	0.007563	0.0075	get 0.0037% / 4h	3h 10m	$5K	$13K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee Variational OmnibpOrdersPrice spread, now −0.129%Rate

Funding earned: −$5.26
Price spread: −0.129% → 0.000%: −$12.87
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$33.13
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 60 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 Gate live order book, 60 min ago	7.96 bp	271.9 bp −$272	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.

ALT on 14 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
Kraken Futures PF_ALTUSD	−0.0495%	1h	0.007577	+0.058%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0014%	1h	0.007574	+0.013%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−2.535%	$815	$4K	5.5x	as long as short
Variational Omni ALTshort	+0.0075%	4h	0.007563	−0.129%	$5K	$13K	—
Hyperliquid ALT	+0.0100%	1h	0.007582	+0.119%	$1.1M	$179K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007580	+0.089%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007572	−0.013%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDTlong	+0.0100%	8h	0.007573	long leg	$51K	$409K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007577	+0.053%	$417K	$187K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007581	+0.106%	$149K	$21K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007574	+0.013%	$602K	$124K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007577	+0.053%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0101%	4h	0.007576	+0.040%	$173K	$10K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0392%	1h	0.007589	+0.211%	$14K	$3K	50x	as long as short