Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.011%

Price spread now: Variational Omni against Extended−0.969%7-day average — · you buy dearer than you sell

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

Long on Extended 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 airdropExtended: Active · Variational 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 0.969% cheaper against Extended than usual: you would sell low and buy high, −$97 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	Extended H-USD	0.06926	0.0104	pay 0.0013% / 1h	27m 12s	$11K	$107K	5x
Short	Variational Omni H	0.06859	0.0100	get 0.0050% / 4h	1h 27m	$8K	$10K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now −0.969%Rate

Funding earned: −$0.84
Price spread: −0.969% → 0.000%: −$96.94
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$102.78
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 53 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 Extended live order book, 53 min ago	2.13 bp	82.7 bp −$83	534.9 bp −$5,349	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	−9.757%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06914	−0.174%	$114K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06926	+0.008%	$14.9M	$10.6M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06917	−0.130%	$7.6M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06931	+0.075%	$1.7M	$5.8M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06915	−0.156%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06929	+0.046%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06917	−0.127%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06912	−0.199%	$1.7M	$455K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06922	−0.055%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni Hshort	+0.0100%	4h	0.06859	−0.969%	$8K	$10K	—
GRVT H_USDT_Perp	+0.0100%	4h	0.06902	−0.350%	$1.1M	$437K	10x	as long as short
Extended H-USDlong	+0.0104%	1h	0.06926	long leg	$11K	$107K	5x
BloFin H-USDT	+0.0136%	4h	0.06918	−0.112%	$589K	$115K	25x	as long as short