Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0445%/8h= +48.7% APRpaid last 24h +0.063%

Price spread now: Reya against Variational Omni−0.501%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.501% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.501% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$50 on $10k: about 3.8 days of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ARB	0.2225	−0.0154	get 0.0154% / 8h	2h 04m	$1.9M	$2.8M	—
Short	Reya ARBRUSDPERP	0.2214	0.0291	get 0.0036% / 1h	4m 16s	$2K	$695	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.501%Rate

Funding earned: $93.46
Price spread: −0.501% → 0.000%: −$50.08
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $37.38
Costs to cover: 0.060%
Break-even: 4.2 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Reya: no order-book sample. 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, 5 min ago	4.48 bp	doesn't fit	26.9 bp −$269	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ARB on 36 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
Injective ARB/USDC PERP	−0.1675%	1h	0.2196	−1.301%	$40K	$197K	12x	as long as short
01 Exchange ARBUSD	−0.0280%	1h	0.2214	−0.492%	$7K	$2K	10x	as long as short
Variational Omni ARBlong	−0.0154%	8h	0.2225	long leg	$1.9M	$2.8M	—
Bybit ARBUSDT	−0.0130%	8h	0.2218	−0.326%	$56.7M	$136.8M	50x	as long as short
SoDEX ARB-USD	−0.0130%	1h	0.2217	−0.344%	$4K	$2.9M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0109%	8h	0.2218	−0.303%	$22.1M	$163.4M	50x	as long as short
MEXC ARB_USDT	−0.0108%	8h	0.2214	−0.497%	$36.6M	$64.1M	200x	as long as short
Polymarket Perps ARB-USD	−0.0075%	1h	0.2214	−0.497%	$76K	$2.2M	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0054%	1h	0.2220	−0.222%	$1.1M	$5.3M	50x	as long as short
Binance ARBUSDT	−0.0026%	8h	0.2218	−0.291%	$63.1M	$325.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	−0.0024%	1h	0.2215	−0.445%	$351K	$2.4M	25x	as long as short
Orderly PERP_ARB_USDC	−0.0022%	8h	0.2216	−0.402%	$11K	$390K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2215	−0.456%	$65K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2218	−0.321%	$36K	$22K	25x	as long as short
Gate ARB_USDT	+0.0002%	8h	0.2215	−0.434%	$5.5M	$21.7M	60x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2216	−0.402%	$55K	—	150x	as long as short
Aevo ARB-PERP	+0.0072%	1h	0.2216	−0.404%	$145K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0089%	8h	0.2216	−0.402%	$20.7M	$38.3M	50x	as long as short
BingX ARB-USDC	+0.0089%	8h	0.2213	−0.551%	—	$6.5M	—	as long as short
BloFin ARB-USDT	+0.0095%	8h	0.2213	−0.555%	$3.0M	$3.2M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2218	−0.299%	$1.3M	$7.8M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2217	−0.371%	$39.5M	$52.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2212	−0.564%	$687K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2216	−0.411%	$45K	$200K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2215	−0.438%	$20.4M	$16.9M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2231	+0.263%	$36K	$459K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2231	+0.273%	$483K	$4.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2228	+0.137%	$121K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2219	−0.267%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2218	−0.330%	$273K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2216	−0.402%	$5.2M	$13.7M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0153% / S −0.0018%	1h	0.2216	−0.393%	$840K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2221	−0.178%	$504K	$2.5M	50x	as long as short
Reya ARBRUSDPERPshort	+0.0291%	1h	0.2214	−0.501%	$2K	$695	20x
Backpack ARB_USDC_PERP	+0.0534%	1h	0.2215	−0.447%	$1.1M	$2.7M	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2216	−0.385%	$491K	$2.8M	10x	as long as short