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 −0.008%

Price spread now: Variational Omni against Bybit−0.005%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HUSDT	0.06896	0.0100	pay 0.0050% / 4h	38m 28s	$7.6M	$5.0M	13x
Short	Variational Omni H	0.06896	0.0100	get 0.0050% / 4h	38m 28s	$9K	$6K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → 0.000%: −$0.5
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.5
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago	3.62 bp	36.3 bp −$36	190.8 bp −$1,908	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	−9.368%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0050%	4h	0.06900	+0.058%	$593K	$112K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06911	+0.220%	$112K	$59K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06905	+0.131%	$14.7M	$11.0M	10x	as long as short
Bybit HUSDTlong	+0.0100%	4h	0.06896	long leg	$7.6M	$5.0M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06915	+0.276%	$1.8M	$6.5M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06901	+0.073%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06901	+0.073%	$6.2M	$1.2M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06905	+0.131%	$1.6M	$10.2M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06911	+0.218%	$1.7M	$441K	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	0.06909	+0.189%	—	$2.7M	—	as long as short
Variational Omni Hshort	+0.0100%	4h	0.06896	−0.005%	$9K	$6K	—
GRVT H_USDT_Perp	+0.0100%	4h	0.06905	+0.128%	$1.1M	$475K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06902	+0.088%	$11K	$200K	5x	as long as short