Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1912%/8h= −209.3% APRpaid last 24h −0.581%

Price spread now: Variational Omni against Deribit+0.124%7-day average — · you sell dearer than you buy

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

Long on Deribit 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

The price spread pays, funding is against you. Variational Omni is 0.124% dearer against Deribit than usual: you sell high and buy low (spread +0.124% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$57 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit CFX_USDC-PERPETUAL	0.05318	0.2012	pay 0.0251% / 1h	34m 09s	$140	$29	10x
Short	Variational Omni CFX	0.05325	0.0100	get 0.0100% / 8h	1h 34m	$35K	$52K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Deribit. 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 DeribitbpFee Variational OmnibpOrdersPrice spread, now +0.124%Rate

Funding earned: −$401.43
Price spread: +0.124% → 0.000%: $12.35
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$396.08
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Deribit and 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.

CFX on 16 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
Aster CFXUSDT	+0.0100%	8h	0.05309	−0.160%	$4K	$41K	5x	as long as short
Binance CFXUSDT	+0.0100%	8h	0.05309	−0.169%	$5.2M	$10.0M	75x	as long as short
Bybit CFXUSDT	+0.0100%	8h	0.05314	−0.075%	$2.4M	$1.4M	25x	as long as short
OKX CFX-USDT-SWAP	+0.0100%	8h	0.05308	−0.188%	$2.6M	$5.7M	20x	as long as short
Gate CFX_USDT	+0.0100%	8h	0.05309	−0.169%	$1.1M	$2.5M	50x	as long as short
MEXC CFX_USDT	+0.0100%	8h	0.05307	−0.207%	$3.4M	$1.8M	125x	as long as short
KuCoin CFXUSDTM	+0.0100%	8h	0.05311	−0.132%	$805K	$299K	75x	as long as short
Bitget CFXUSDT	+0.0100%	8h	0.05308	−0.188%	$1.5M	$1.4M	75x	as long as short
BingX CFX-USDT	+0.0100%	8h	0.05307	−0.207%	—	$23.0M	—	as long as short
Variational Omni CFXshort	+0.0100%	8h	0.05325	+0.124%	$35K	$52K	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CFX_USDT_Perp	+0.0100%	8h	0.05325	+0.132%	$504K	$1.6M	10x	as long as short
Extended CFX-USD	+0.0104%	1h	0.05306	−0.230%	$862	$239K	10x	as long as short
Coinbase International CFX-PERP-INTX	+0.0192%	1h	0.05333	+0.282%	$36K	$126K	50x	as long as short
Hyperliquid CFX	+0.0764%	1h	0.05319	+0.009%	$3.2M	$388K	5x	as long as short
Kraken Futures PF_CFXUSD	+0.0799%	1h	0.05311	−0.131%	$32K	$10K	20x	as long as short
Deribit CFX_USDC-PERPETUALlong	+0.2012%	1h	0.05318	long leg	$140	$29	10x