Funding arb · Price arb /

INIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Variational Omni+0.036%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

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: Binance is 0.036% dearer against Variational Omni than usual: you sell high and buy low, +$4 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 INIT	0.08272	0.0100	pay 0.0050% / 4h	29m 19s	$26K	$23K	—
Short	Binance INITUSDT	0.08275	0.0100	get 0.0050% / 4h	29m 19s	$3.4M	$3.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → 0.000%: $3.56
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$6.44
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Binance: live order book, 7 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 Binance live order book, 7 min ago	3.03 bp	39.6 bp −$40	86.1 bp −$861	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.

INIT on 13 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
Kraken Futures PF_INITUSD	−0.5669%	1h	0.08230	−0.511%	$3K	$19K	10x	as long as short
Hyperliquid INIT	+0.0100%	1h	0.08274	+0.021%	$305K	$230K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08276	+0.051%	$27K	$39K	5x	as long as short
Binance INITUSDTshort	+0.0100%	4h	0.08275	+0.036%	$3.4M	$3.8M	25x
Bybit INITUSDT	+0.0100%	4h	0.08263	−0.109%	$1.4M	$1.5M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08282	+0.120%	$138K	$666K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08261	−0.134%	$83K	$56K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08274	+0.024%	$445K	$211K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	0.08256	−0.194%	$322K	$57K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	0.08259	−0.158%	$429K	$307K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX INIT-USDT	+0.0100%	4h	0.08273	+0.011%	—	$6.6M	—	as long as short
Variational Omni INITlong	+0.0100%	4h	0.08272	long leg	$26K	$23K	—
BloFin INIT-USDT	+0.0114%	4h	0.08277	+0.060%	$151K	$112K	25x	as long as short