Funding arb · Price arb /

AR

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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 −0.003%

Price spread now: Binance against Variational Omni−0.030%7-day average +0.135% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.141%+$14 on $10k

Price spread, last 4 days (all we have)+0.550%+$55 · spread now −0.030%, 7d avg +0.135%

Together, before fees+0.691%+ Points / potential airdropVariational Omni: Active · farm board+$69 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: Binance is 0.165% cheaper against Variational Omni than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AR	4.1738	0.0100	pay 0.0100% / 8h	2h 17m	$234K	$626K	—
Short	Binance ARUSDT	4.1725	0.0100	get 0.0100% / 8h	2h 17m	$8.3M	$52.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → +0.135%: −$16.52
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$26.52
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 31 min ago; Binance: live order book, 9 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, 31 min ago	7.28 bp	doesn't fit	122.0 bp −$1,220	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.20 bp	15.8 bp −$16	62.6 bp −$626	321.4 bp −$32.1K	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	4.1671	−0.159%	$51K	$179K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.1786	+0.116%	$536K	—	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.1750	+0.029%	$3.4M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.1743	+0.013%	$41K	$464K	10x	as long as short
Binance ARUSDTshort	+0.0100%	8h	4.1725	−0.030%	$8.3M	$52.4M	75x
Bybit ARUSDT	+0.0100%	8h	4.1711	−0.064%	$4.1M	$9.3M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.1690	−0.114%	$2.2M	$16.9M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.1660	−0.186%	$2.4M	$3.0M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.1710	−0.066%	$5.8M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.1720	−0.042%	$1.0M	$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	4.1670	−0.162%	$3.7M	$5.5M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.1720	−0.042%	—	$2.8M	—	as long as short
Variational Omni ARlong	+0.0100%	8h	4.1738	long leg	$234K	$626K	—
ApeX Omni ARUSDT	+0.0100%	1h	4.1740	+0.006%	$20K	$716K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.1700	−0.091%	$36K	$248K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.1820	+0.197%	$405K	$454K	20x	as long as short
Injective AR/USDC PERP	+0.0666%	1h	4.4240	+5.995%	$2K	$5K	5.5x	as long as short