Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h −0.018%

Price spread now: dYdX against Variational Omni+0.032%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 dYdX

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

The price spread pays, funding is against you. dYdX is 0.032% dearer against Variational Omni than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni APE	0.1471	0.0100	pay 0.0100% / 8h	4h 20m	$7K	$12K	—
Short	dYdX APE-USD	0.1472	0.0011	get 0.0001% / 1h	20m 56s	$9K	$5	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. 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 Variational OmnibpFee dYdXbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$18.73
Price spread: +0.032% → 0.000%: $3.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$25.48
Costs to cover: 0.100%
Break-even: never at this rate

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

Variational Omni and dYdX: 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 20 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
GMX APE/USD [APE-USDC]	L −0.0178% / S +0.0185%	1h	0.1471	+0.010%	$1K	—	100x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−16.056%	—	—	—	as long as short
dYdX APE-USDshort	+0.0011%	1h	0.1472	+0.032%	$9K	$5	5x
Kraken Futures PF_APEUSD	+0.0011%	1h	0.1475	+0.236%	$408K	$615K	20x	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−6.337%	$1K	$12K	5.5x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1475	+0.236%	$1.3M	$363K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1472	+0.047%	$123K	$22K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1472	+0.076%	$4.1M	$6.6M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1472	+0.046%	$3.6M	$3.0M	50x	as long as short
OKX APE-USDT-SWAP	+0.0100%	8h	0.1474	+0.154%	$1.3M	$1.4M	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate APE_USDT	+0.0100%	8h	0.1472	+0.052%	$635K	$306K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1471	−0.015%	$4.4M	$867K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1472	+0.052%	$1.8M	$3.1M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1472	+0.052%	$2.1M	$560K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1473	+0.120%	—	$13.1M	—	as long as short
Variational Omni APElong	+0.0100%	8h	0.1471	long leg	$7K	$12K	—
Extended APE-USD	+0.0104%	1h	0.1472	+0.024%	$8K	$208K	10x	as long as short
BloFin APE-USDT	+0.0127%	8h	0.1473	+0.120%	$216K	$58K	75x	as long as short
Deribit APE_USDC-PERPETUAL	+0.0430%	1h	0.1472	+0.052%	$11K	$18K	25x	as long as short
Coinbase International APE-PERP-INTX	+0.0856%	1h	0.1480	+0.596%	$100K	$8K	25x	as long as short