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 −0.018%

Price spread now: Variational Omni against KuCoin+0.020%7-day average −0.107% · you sell dearer than you buy

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.180%−$18 on $10k

Price spread, last 4 days (all we have)−0.481%−$48 · spread now +0.020%, 7d avg −0.107%

Together, before fees−0.661%+ Points / potential airdropVariational Omni: Active · farm board−$66 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 0.127% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARUSDTM	4.1740	0.0100	pay 0.0100% / 8h	2h 27m	$1.0M	$1.3M	50x
Short	Variational Omni AR	4.1749	0.0100	get 0.0100% / 8h	2h 27m	$234K	$626K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.107%: $12.75
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.75
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 3 min ago; Variational Omni: RFQ quote, 22 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 KuCoin live order book, 3 min ago	7.20 bp	180.0 bp −$180	873.2 bp −$8,732	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 22 min ago	7.28 bp	doesn't fit	122.6 bp −$1,226	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
Kraken Futures PF_ARUSD	−0.0925%	1h	4.1655	−0.203%	$51K	$179K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.1727	−0.031%	$536K	—	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.1786	+0.110%	$3.4M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.1810	+0.169%	$41K	$464K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.1770	+0.072%	$8.2M	$52.2M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.1777	+0.089%	$4.2M	$9.2M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.1750	+0.024%	$2.2M	$16.8M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.1690	−0.120%	$2.2M	$2.8M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.1810	+0.168%	$5.7M	$4.3M	100x	as long as short
KuCoin ARUSDTMlong	+0.0100%	8h	4.1740	long leg	$1.0M	$1.3M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.1770	+0.072%	$3.7M	$5.5M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.1780	+0.096%	—	$2.8M	—	as long as short
Variational Omni ARshort	+0.0100%	8h	4.1749	+0.020%	$234K	$626K	—
ApeX Omni ARUSDT	+0.0100%	1h	4.1780	+0.096%	$20K	$717K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.1765	+0.060%	$36K	$248K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.1820	+0.192%	$416K	$454K	20x	as long as short
Injective AR/USDC PERP	+0.0666%	1h	4.4240	+5.989%	$2K	$5K	5.5x	as long as short