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 +0.028%

Price spread now: Variational Omni against OKX−1.403%7-day average −0.053% · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.125%−$12 on $10k

Price spread, last 4 days (all we have)+0.982%+$98 · spread now −1.403%, 7d avg −0.053%

Together, before fees+0.857%+ Points / potential airdropVariational Omni: Active · farm board+$86 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 1.349% cheaper against OKX than usual: you would sell low and buy high, −$135 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AR-USDT-SWAP	4.2560	0.0100	pay 0.0100% / 8h	2h 12m	$2.2M	$17.4M	20x
Short	Variational Omni AR	4.1963	0.0100	get 0.0100% / 8h	2h 12m	$235K	$626K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now −1.403%Rate

Funding earned: $0
Price spread: −1.403% → −0.053%: −$134.92
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$144.92
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 min ago; Variational Omni: RFQ quote, 37 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 OKX live order book, 1 min ago	1.18 bp	20.7 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 37 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	−0.0908%	1h	4.2438	−0.287%	$52K	$185K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2439	−0.285%	$544K	—	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2567	+0.016%	$3.5M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2559	−0.002%	$42K	$462K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2560	0.000%	$8.5M	$52.8M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2575	+0.035%	$4.2M	$9.4M	75x	as long as short
OKX AR-USDT-SWAPlong	+0.0100%	8h	4.2560	long leg	$2.2M	$17.4M	20x
Gate AR_USDT	+0.0100%	8h	4.2470	−0.211%	$2.0M	$3.5M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2550	−0.023%	$5.9M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.2480	−0.188%	$1.1M	$1.3M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.2550	−0.023%	$3.7M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2550	−0.023%	—	$2.8M	—	as long as short
Variational Omni ARshort	+0.0100%	8h	4.1963	−1.403%	$235K	$626K	—
ApeX Omni ARUSDT	+0.0100%	1h	4.2070	−1.151%	$20K	$717K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2545	−0.036%	$36K	$248K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2330	−0.540%	$411K	$460K	20x	as long as short
Injective AR/USDC PERP	+0.0666%	1h	4.4240	+3.947%	$2K	$5K	5.5x	as long as short