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 0.000%

Price spread now: Variational Omni against Binance−0.172%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Variational Omni

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.172% cheaper against Binance than usual: you would sell low and buy high, −$17 on $10k if it 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	Binance BASEDUSDT	0.06720	0.0100	pay 0.0050% / 4h	2h 51m	$4.1M	$2.9M	25x
Short	Variational Omni BASED	0.06708	0.0100	get 0.0050% / 4h	2h 51m	$92K	$21K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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 BinancebpFee Variational OmnibpOrdersPrice spread, now −0.172%Rate

Funding earned: $0
Price spread: −0.172% → 0.000%: −$17.16
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$27.16
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 15 min ago; Variational Omni: 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 Binance live order book, 15 min ago	0.74 bp	17.8 bp −$18	103.3 bp −$1,033	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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.

BASED on 15 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
BloFin BASED-USDT	+0.0095%	4h	0.06727	+0.104%	$211K	$37K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06722	+0.036%	$28K	$6K	5x	as long as short
Binance BASEDUSDTlong	+0.0100%	4h	0.06720	long leg	$4.1M	$2.9M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06713	−0.104%	$2.1M	$572K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06709	−0.164%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06719	−0.015%	$534K	$511K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06717	−0.045%	$4.8M	$643K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06713	−0.104%	$565K	$111K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06722	+0.030%	$1.3M	$358K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06715	−0.074%	—	$1.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASEDshort	+0.0100%	4h	0.06708	−0.172%	$92K	$21K	—
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06727	+0.109%	$92K	$388K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06720	0.000%	$1K	$786K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06718	−0.025%	$5K	$226K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0259%	4h	0.06728	+0.119%	$3K	$652	10x	as long as short