Funding arb · Price arb /

AR

all AR markets

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: KuCoin against Variational Omni−0.118%7-day average +0.107% · you buy dearer than you sell

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

Long on Variational Omni Short on KuCoin

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)+0.349%+$35 · spread now −0.118%, 7d avg +0.107%

Together, before fees+0.529%+ Points / potential airdropVariational Omni: Active · farm board+$53 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: KuCoin is 0.225% cheaper against Variational Omni than usual: you would sell low and buy high, −$22 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	Variational Omni AR	4.3942	0.0100	pay 0.0100% / 8h	3h 25m	$233K	$414K	—
Short	KuCoin ARUSDTM	4.3890	0.0100	get 0.0100% / 8h	3h 25m	$1.1M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. 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 Variational OmnibpFee KuCoinbpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → +0.107%: −$22.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$34.46
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 28 min ago; KuCoin: live order book, 4 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, 28 min ago	4.98 bp	doesn't fit	151.3 bp −$1,513	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	6.84 bp	103.0 bp −$103	689.7 bp −$6,897	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	−0.1229%	1h	4.3910	−0.072%	$59K	$143K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.3947	+0.012%	$564K	—	50x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3911	−0.071%	$30K	$467K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3964	+0.049%	$8.6M	$50.6M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3940	−0.004%	$4.5M	$8.5M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3940	−0.004%	$2.2M	$17.5M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3950	+0.019%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3950	+0.019%	$6.0M	$4.2M	100x	as long as short
KuCoin ARUSDTMshort	+0.0100%	8h	4.3890	−0.118%	$1.1M	$1.3M	50x
Bitget ARUSDT	+0.0100%	8h	4.3950	+0.019%	$3.8M	$5.2M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.3930	−0.027%	—	$2.8M	—	as long as short
Variational Omni ARlong	+0.0100%	8h	4.3942	long leg	$233K	$414K	—
ApeX Omni ARUSDT	+0.0100%	1h	4.3960	+0.041%	$19K	$714K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.3933	−0.020%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3830	−0.255%	$411K	$466K	20x	as long as short
Hyperliquid AR	+0.0352%	1h	4.4024	+0.187%	$3.7M	$4.4M	5x	as long as short
Injective AR/USDC PERP	+0.0433%	1h	4.4240	+0.678%	$2K	$5K	5.5x	as long as short