Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: Variational Omni against Gate+0.384%7-day average −0.109% · you sell dearer than you buy

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)−0.073%−$7 on $10k

Price spread, last 4 days (all we have)−0.663%−$66 · spread now +0.384%, 7d avg −0.109%

Together, before fees−0.736%+ Points / potential airdropVariational Omni: Active · farm board−$74 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.493% dearer against Gate than usual: you sell high and buy low, +$49 on $10k if it goes back to its 7-day average of −0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AR_USDT	4.4790	0.0100	pay 0.0100% / 8h	4h 48m	$2.5M	$1.9M	50x
Short	Variational Omni AR	4.4962	0.0100	get 0.0100% / 8h	4h 48m	$233K	$242K	—

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 +0.384%Rate

Funding earned: $0
Price spread: +0.384% → −0.109%: $49.34
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: $34.34
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 4 min ago; Variational Omni: RFQ quote, 10 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 Gate live order book, 4 min ago	3.34 bp	77.4 bp −$77	248.5 bp −$2,485	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 10 min ago	4.91 bp	doesn't fit	157.3 bp −$1,573	doesn't fit	doesn't fit

AR on 17 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 AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4757	−0.074%	$575K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0014%	8h	4.4780	−0.022%	$2.3M	$18.1M	20x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4861	+0.159%	$4.0M	$4.4M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4799	+0.019%	$26K	$478K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4800	+0.022%	$8.9M	$50.1M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4810	+0.045%	$4.6M	$8.2M	75x	as long as short
Gate AR_USDTlong	+0.0100%	8h	4.4790	long leg	$2.5M	$1.9M	50x
MEXC AR_USDT	+0.0100%	8h	4.4800	+0.022%	$6.4M	$4.2M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.4790	0.000%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4790	0.000%	$3.9M	$5.1M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.4780	−0.022%	—	$2.8M	—	as long as short
Variational Omni ARshort	+0.0100%	8h	4.4962	+0.384%	$233K	$242K	—
ApeX Omni ARUSDT	+0.0100%	1h	4.4980	+0.424%	$20K	$722K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4768	−0.049%	$36K	$235K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4800	+0.022%	$431K	$486K	20x	as long as short
Kraken Futures PF_ARUSD	+0.0693%	1h	4.4786	−0.009%	$60K	$160K	20x	as long as short
Injective AR/USDC PERP	+0.0854%	1h	4.5290	+1.116%	$548	$3K	5.5x	as long as short