Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: BingX against Variational Omni−0.208%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on BingX

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: BingX is 0.208% cheaper against Variational Omni than usual: you would sell low and buy high, −$21 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	Variational Omni H	0.07018	0.0100	pay 0.0050% / 4h	50m 12s	$8K	$10K	—
Short	BingX H-USDT	0.07003	0.0100	get 0.0050% / 4h	50m 12s	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now −0.208%Rate

Funding earned: $0
Price spread: −0.208% → 0.000%: −$20.84
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$30.84
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 9 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	0.72 bp	16.4 bp −$16	103.2 bp −$1,032	doesn't fit	doesn't fit

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	−10.939%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0078%	4h	0.07027	+0.134%	$589K	$117K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.07006	−0.168%	$116K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07011	−0.101%	$15.1M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06998	−0.282%	$7.6M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07025	+0.105%	$1.8M	$5.9M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06999	−0.265%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07007	−0.151%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.07001	−0.237%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.07000	−0.251%	$1.7M	$449K	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-USDTshort	+0.0100%	4h	0.07003	−0.208%	—	$2.7M	—
Variational Omni Hlong	+0.0100%	4h	0.07018	long leg	$8K	$10K	—
GRVT H_USDT_Perp	+0.0100%	4h	0.07012	−0.079%	$1.2M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07010	−0.109%	$12K	$107K	5x	as long as short