Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: Variational Omni against Bitget−0.890%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.890% cheaper against Bitget than usual: you would sell low and buy high, −$89 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	Bitget HUSDT	0.06956	0.0100	pay 0.0050% / 4h	3h 58m	$1.7M	$428K	4x
Short	Variational Omni H	0.06894	0.0100	get 0.0050% / 4h	3h 58m	$9K	$6K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now −0.890%Rate

Funding earned: $0
Price spread: −0.890% → 0.000%: −$89.03
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$101.03
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	5.07 bp	167.8 bp −$168	481.5 bp −$4,815	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	−10.150%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0081%	4h	0.06954	−0.029%	$600K	$113K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06949	−0.102%	$112K	$60K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06949	−0.101%	$14.8M	$10.7M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06946	−0.142%	$7.6M	$5.0M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06953	−0.043%	$1.8M	$6.5M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06946	−0.144%	$2.9M	$1.6M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06949	−0.101%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06953	−0.043%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDTlong	+0.0100%	4h	0.06956	long leg	$1.7M	$428K	4x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06950	−0.086%	—	$2.8M	—	as long as short
Variational Omni Hshort	+0.0100%	4h	0.06894	−0.890%	$9K	$6K	—
GRVT H_USDT_Perp	+0.0100%	4h	0.06905	−0.731%	$1.1M	$447K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06949	−0.099%	$9K	$201K	5x	as long as short