Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h +0.047%

Price spread now: dYdX against Variational Omni+0.494%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on dYdX

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 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and dYdX is 0.494% dearer against Variational Omni than usual: you sell high and buy low: +$49 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ATH	0.005591	−0.0084	get 0.0042% / 4h	2h 10m	$188K	$93K	—
Short	dYdX ATH-USD	0.005619	−0.0006	pay 0.0001% / 1h	10m 20s	$11K	$16	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.494%Rate

Funding earned: $16.38
Price spread: +0.494% → 0.000%: $49.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: $55.82
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 14 min ago; dYdX: 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, 14 min ago	6.23 bp	doesn't fit	162.9 bp −$1,629	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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.

ATH on 13 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_ATHUSD	−0.3504%	1h	0.005590	−0.028%	$20K	$107K	10x	as long as short
Variational Omni ATHlong	−0.0084%	4h	0.005591	long leg	$188K	$93K	—
dYdX ATH-USDshort	−0.0006%	1h	0.005619	+0.494%	$11K	$16	5x
OKX ATH-USDT-SWAP	+0.0081%	4h	0.005602	+0.190%	$716K	$1.3M	20x	as long as short
BloFin ATH-USDT	+0.0091%	4h	0.005598	+0.119%	$174K	$62K	75x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005605	+0.241%	$7K	$34K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005611	+0.352%	$3.4M	$3.9M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005600	+0.155%	$4.5M	$2.3M	25x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005596	+0.083%	$801K	$531K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005610	+0.333%	$8.9M	$666K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ATHUSDTM	+0.0100%	4h	0.005599	+0.137%	$562K	$84K	30x	as long as short
Bitget ATHUSDT	+0.0100%	4h	0.005612	+0.369%	$1.6M	$804K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005604	+0.226%	—	$21.7M	—	as long as short