Funding arb · Price arb /

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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 0.000%

Price spread now: Variational Omni against BingX+0.180%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 0.180% dearer against BingX than usual: you sell high and buy low, +$18 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	BingX BASED-USDT	0.06819	0.0100	pay 0.0050% / 4h	2h 42m	—	$1.7M	—
Short	Variational Omni BASED	0.06831	0.0100	get 0.0050% / 4h	2h 42m	$94K	$14K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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 BingXbpFee Variational OmnibpOrdersPrice spread, now +0.180%Rate

Funding earned: $0
Price spread: +0.180% → 0.000%: $18.04
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $8.04
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, just now; 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 BingX live order book, just now	5.87 bp	27.5 bp −$27	91.0 bp −$910	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	+0.0060%	4h	0.06843	+0.352%	$261K	$49K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06826	+0.102%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06825	+0.088%	$4.2M	$3.2M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06812	−0.103%	$2.1M	$688K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06818	−0.015%	$2.7M	$3.9M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06823	+0.059%	$536K	$592K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06829	+0.147%	$4.9M	$531K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06836	+0.249%	$583K	$73K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06828	+0.132%	$1.3M	$373K	25x	as long as short
BingX BASED-USDTlong	+0.0100%	4h	0.06819	long leg	—	$1.7M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASEDshort	+0.0100%	4h	0.06831	+0.180%	$94K	$14K	—
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06849	+0.439%	$96K	$384K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06823	+0.059%	$1K	$915K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06823	+0.062%	$3K	$227K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0278%	4h	0.06824	+0.073%	$3K	$664	10x	as long as short