Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: Bybit against Variational Omni+0.408%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 Bybit

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.408% dearer against Variational Omni than usual: you sell high and buy low, +$41 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ALT	0.007592	0.0100	pay 0.0050% / 4h	1h 39m	$4K	$15K	—
Short	Bybit ALTUSDT	0.007623	0.0100	get 0.0050% / 4h	1h 39m	$1.2M	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.408%Rate

Funding earned: $0
Price spread: +0.408% → 0.000%: $40.81
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $29.81
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	3.29 bp	28.8 bp −$29	176.5 bp −$1,765	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.

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
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007621	+0.382%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007604	+0.158%	$827	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007617	+0.329%	$1.1M	$190K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007624	+0.424%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDTshort	+0.0100%	4h	0.007623	+0.408%	$1.2M	$1.7M	25x
Gate ALT_USDT	+0.0100%	8h	0.007618	+0.342%	$50K	$397K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007622	+0.395%	$411K	$180K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007623	+0.408%	$151K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007612	+0.263%	$601K	$109K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007622	+0.395%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALTlong	+0.0100%	4h	0.007592	long leg	$4K	$15K	—
BloFin ALT-USDT	+0.0100%	4h	0.007606	+0.184%	$173K	$10K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0440%	1h	0.007644	+0.685%	$14K	$3K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0446%	1h	0.007626	+0.443%	$45K	$8K	10x	as long as short