Settings8H · net · $10k
Funding arb · Price arb /

INIT

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SwapBacktest
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 0.000%
Price spread now: Variational Omni against Aster+0.010%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster INITUSDT0.081620.0100pay 0.0050% / 4h2h 58m$27K$36K5x
ShortVariational Omni INIT0.081630.0100get 0.0050% / 4h2h 58m$26K$23K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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

Funding earned
$0
Price spread: +0.010% → 0.000%
$0.95
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$7.05
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Variational Omni no order-book sample
Aster and 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.

INIT on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid INIT+0.0100%1h0.08156−0.075%$296K$238K3xas long as short
Aster INITUSDTlong+0.0100%4h0.08162long leg$27K$36K5x
Binance INITUSDT+0.0100%4h0.08159−0.041%$3.4M$3.6M25xas long as short
Bybit INITUSDT+0.0100%4h0.08156−0.078%$1.4M$1.5M25xas long as short
OKX INIT-USDT-SWAP+0.0100%4h0.08164+0.020%$132K$631K10xas long as short
Gate INIT_USDT+0.0100%8h0.08154−0.102%$83K$56K25xas long as short
MEXC INIT_USDT+0.0100%4h0.08159−0.041%$443K$214K20xas long as short
KuCoin INITUSDTM+0.0100%4h0.08171+0.106%$325K$56K25xas long as short
Bitget INITUSDT+0.0100%4h0.08160−0.029%$426K$312K25xas long as short
BingX INIT-USDT+0.0100%4h0.08160−0.029%$6.6Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni INITshort+0.0100%4h0.08163+0.010%$26K$23K
BloFin INIT-USDT+0.0118%4h0.08165+0.033%$156K$110K25xas long as short
Kraken Futures PF_INITUSD+0.0536%1h0.08162−0.002%$6K$18K10xas long as short