Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Aster against Variational Omni+0.758%7-day average +0.150% · you sell dearer than you buy

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.131%+$13 on $10k

Price spread, last 3 days (all we have)−0.522%−$52 · spread now +0.758%, 7d avg +0.150%

Together, before fees−0.391%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$39 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: Aster is 0.608% dearer against Variational Omni than usual: you sell high and buy low, +$61 on $10k if it goes back to its 7-day average of +0.150%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AR	4.5609	0.0100	pay 0.0100% / 8h	56m 03s	$139K	$173K	—
Short	Aster ARUSDT	4.5955	0.0100	get 0.0100% / 8h	56m 03s	$20K	$613K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now +0.758%Rate

Funding earned: $0
Price spread: +0.758% → +0.150%: $60.85
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $52.85
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 23 min ago; Aster: live order book, 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 Variational Omni RFQ quote, 23 min ago	6.02 bp	doesn't fit	150.0 bp −$1,500	doesn't fit	doesn't fit
Sell Aster live order book, 22 min ago	10.96 bp	21.4 bp −$21	doesn't fit	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	−0.1959%	1h	4.5943	+0.732%	$47K	$157K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5987	+0.828%	$591K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0011%	8h	4.5770	+0.353%	$2.4M	$20.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+0.244%	$3K	$339	5.5x	as long as short
Binance ARUSDT	+0.0054%	8h	4.5950	+0.748%	$9.1M	$55.6M	75x	as long as short
MEXC AR_USDT	+0.0055%	8h	4.5950	+0.748%	$6.9M	$4.4M	100x	as long as short
Extended AR-USD	+0.0056%	1h	4.5806	+0.432%	$37K	$237K	10x	as long as short
Aster ARUSDTshort	+0.0100%	8h	4.5955	+0.758%	$20K	$613K	10x
Bybit ARUSDT	+0.0100%	8h	4.5780	+0.375%	$4.7M	$8.9M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5960	+0.770%	$2.6M	$2.3M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.5970	+0.792%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5790	+0.397%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5920	+0.682%	—	$2.9M	—	as long as short
Variational Omni ARlong	+0.0100%	8h	4.5609	long leg	$139K	$173K	—
ApeX Omni ARUSDT	+0.0100%	1h	4.5850	+0.529%	$58K	$748K	50x	as long as short
Hyperliquid AR	+0.0104%	1h	4.6071	+1.013%	$4.1M	$4.9M	5x	as long as short
BloFin AR-USDT	+0.0175%	8h	4.5880	+0.595%	$431K	$676K	20x	as long as short