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 +0.028%

Price spread now: Bitget against Variational Omni+0.425%7-day average +0.074% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.180%+$18 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.425%, 7d avg +0.074%

Together, before fees+0.194%+ Points / potential airdropVariational Omni: Active · farm board+$19 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: Bitget is 0.351% dearer against Variational Omni than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AR	4.6124	0.0100	pay 0.0100% / 8h	2m 19s	$143K	$173K	—
Short	Bitget ARUSDT	4.6320	0.0100	get 0.0100% / 8h	2m 19s	$4.0M	$5.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.425%Rate

Funding earned: $0
Price spread: +0.425% → +0.074%: $35.12
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $23.12
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 12 min ago; Bitget: live order book, 6 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, 12 min ago	5.95 bp	doesn't fit	148.7 bp −$1,487	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	5.41 bp	22.6 bp −$23	49.3 bp −$493	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	−0.1941%	1h	4.6362	+0.516%	$53K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6389	+0.575%	$596K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0088%	8h	4.6320	+0.425%	$2.4M	$21.1M	20x	as long as short
MEXC AR_USDT	+0.0005%	8h	4.6360	+0.512%	$6.8M	$4.5M	100x	as long as short
Extended AR-USD	+0.0008%	1h	4.6381	+0.557%	$38K	$237K	10x	as long as short
Binance ARUSDT	+0.0008%	8h	4.6360	+0.512%	$9.3M	$55.5M	75x	as long as short
BloFin AR-USDT	+0.0024%	8h	4.6390	+0.577%	$441K	$636K	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.875%	$3K	$339	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6450	+0.707%	$4.3M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.6343	+0.476%	$20K	$606K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.6328	+0.443%	$4.6M	$8.8M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.6400	+0.599%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.6380	+0.556%	$1.5M	$1.2M	50x	as long as short
Bitget ARUSDTshort	+0.0100%	8h	4.6320	+0.425%	$4.0M	$5.7M	75x
BingX AR-USDT	+0.0100%	8h	4.6340	+0.469%	—	$2.9M	—	as long as short
Variational Omni ARlong	+0.0100%	8h	4.6124	long leg	$143K	$173K	—
ApeX Omni ARUSDT	+0.0100%	1h	4.6290	+0.360%	$23K	$764K	50x	as long as short