Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.019%

Price spread now: Variational Omni against dYdX−0.076%7-day average — · you buy dearer than you sell

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

Long on dYdX 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 0.076% cheaper against dYdX than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX APE-USD	0.1472	0.0012	pay 0.0002% / 1h	4m 10s	$9K	$5	5x
Short	Variational Omni APE	0.1471	0.0100	get 0.0100% / 8h	6h 04m	$7K	$12K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against dYdX. 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 dYdXbpFee Variational OmnibpOrdersPrice spread, now −0.076%Rate

Funding earned: $18.44
Price spread: −0.076% → 0.000%: −$7.64
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.8
Costs to cover: 0.100%
Break-even: 6.7 days

Slippage unknown: dYdX: no order-book sample; 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 dYdX no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

dYdX and 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.

APE on 19 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_APEUSD	−0.0224%	1h	0.1474	+0.137%	$409K	$603K	20x	as long as short
GMX APE/USD [APE-USDC]	L −0.0178% / S +0.0185%	1h	0.1473	+0.062%	$1K	—	100x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−16.100%	—	—	—	as long as short
Deribit APE_USDC-PERPETUAL	0.0000%	1h	0.1473	+0.070%	$11K	$18K	25x	as long as short
dYdX APE-USDlong	+0.0012%	1h	0.1472	long leg	$9K	$5	5x
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−6.384%	$1K	$12K	5.5x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1477	+0.308%	$1.3M	$373K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1474	+0.171%	$123K	$22K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1474	+0.138%	$4.1M	$6.5M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1474	+0.145%	$3.7M	$3.0M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX APE-USDT-SWAP	+0.0100%	8h	0.1473	+0.057%	$1.3M	$1.4M	20x	as long as short
Gate APE_USDT	+0.0100%	8h	0.1473	+0.077%	$633K	$311K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1474	+0.138%	$4.4M	$901K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1473	+0.070%	$1.8M	$2.7M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1474	+0.138%	$2.1M	$557K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1474	+0.138%	—	$13.1M	—	as long as short
Variational Omni APEshort	+0.0100%	8h	0.1471	−0.076%	$7K	$12K	—
Extended APE-USD	+0.0104%	1h	0.1474	+0.138%	$4K	$202K	10x	as long as short
Coinbase International APE-PERP-INTX	+0.0904%	1h	0.1474	+0.138%	$99K	$7K	25x	as long as short