Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: Variational Omni against Binance+0.175%7-day average — · you sell dearer than you buy

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 0.175% dearer against Binance than usual: you sell high and buy low, +$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 HUSDT	0.06695	0.0100	pay 0.0050% / 4h	1h 31m	$14.3M	$11.2M	10x
Short	Variational Omni H	0.06707	0.0100	get 0.0050% / 4h	1h 31m	$7K	$9K	—

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

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 BinancebpFee Variational OmnibpOrdersPrice spread, now +0.175%Rate

Funding earned: $0
Price spread: +0.175% → 0.000%: $17.46
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $7.46
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 9 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, 9 min ago	0.74 bp	26.7 bp −$27	315.9 bp −$3,159	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.

H on 14 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 H/USDC PERP	+0.0033%	1h	0.06250	−6.647%	$1K	$1	5.5x	as long as short
KuCoin HUSDTM	+0.0036%	4h	0.06689	−0.090%	$1.6M	$10.0M	8x	as long as short
BloFin H-USDT	+0.0055%	4h	0.06705	+0.149%	$584K	$111K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06690	−0.074%	$109K	$57K	5x	as long as short
Binance HUSDTlong	+0.0100%	4h	0.06695	long leg	$14.3M	$11.2M	10x
Bybit HUSDT	+0.0100%	4h	0.06682	−0.199%	$7.4M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06697	+0.030%	$1.8M	$6.1M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06687	−0.119%	$2.7M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06693	−0.030%	$6.0M	$1.1M	20x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06673	−0.329%	$1.7M	$465K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06690	−0.075%	—	$2.7M	—	as long as short
Variational Omni Hshort	+0.0100%	4h	0.06707	+0.175%	$7K	$9K	—
GRVT H_USDT_Perp	+0.0100%	4h	0.06722	+0.403%	$1.1M	$447K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06690	−0.073%	$10K	$101K	5x	as long as short