Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0285%/8hpaid last 24h −0.077%

Price spread now: GMX against Variational Omni+0.043%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 GMX

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. GMX is 0.043% dearer against Variational Omni than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni APE	0.1440	0.0100	pay 0.0100% / 8h	4h 06m	$7K	$12K	—
Short	GMX APE/USD [APE-USDC]	0.1441	L −0.0178% / S +0.0185%	pay 0.0023% / 1h	6m 20s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$59.77
Price spread: +0.043% → 0.000%: $4.28
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$67.48
Costs to cover: 0.120%
Break-even: never at this rate

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

Variational Omni and GMX: 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]short	L −0.0178% / S +0.0185%	1h	0.1441	+0.043%	$1K	—	100x
Reya APERUSDPERP	0.0000%	1h	0.1235	−14.261%	—	—	—	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−4.332%	$1K	$12K	5.5x	as long as short
dYdX APE-USD	+0.0046%	1h	0.1442	+0.122%	$9K	$5	5x	as long as short
BloFin APE-USDT	+0.0072%	8h	0.1439	−0.097%	$225K	$50K	75x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1442	+0.146%	$1.2M	$377K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1441	+0.057%	$120K	$21K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1441	+0.045%	$4.1M	$6.1M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1441	+0.021%	$3.5M	$2.5M	50x	as long as short
OKX APE-USDT-SWAP	+0.0100%	8h	0.1441	+0.056%	$1.2M	$1.3M	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	0.1442	+0.084%	$619K	$294K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1440	−0.027%	$3.7M	$860K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1440	−0.027%	$1.8M	$2.0M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1442	+0.112%	$2.1M	$534K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1441	+0.042%	—	$13.6M	—	as long as short
Variational Omni APElong	+0.0100%	8h	0.1440	long leg	$7K	$12K	—
Extended APE-USD	+0.0104%	1h	0.1441	+0.035%	$4K	$220K	10x	as long as short
Kraken Futures PF_APEUSD	+0.0373%	1h	0.1441	+0.042%	$402K	$579K	20x	as long as short
Deribit APE_USDC-PERPETUAL	+0.0444%	1h	0.1442	+0.112%	$13K	$18K	25x	as long as short
Coinbase International APE-PERP-INTX	+0.0664%	1h	0.1445	+0.320%	$97K	$7K	25x	as long as short