Funding arb · Price arb /

INIT

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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 0.000%

Price spread now: OKX against Variational Omni+0.420%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 OKX

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.420% dearer against Variational Omni than usual: you sell high and buy low, +$42 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	0.08321	0.0100	pay 0.0050% / 4h	2h 20m	$26K	$14K	—
Short	OKX INIT-USDT-SWAP	0.08356	0.0100	get 0.0050% / 4h	2h 20m	$141K	$750K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.420%Rate

Funding earned: $0
Price spread: +0.420% → 0.000%: $42.01
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $32.01
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; OKX: live order book, 26 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 OKX live order book, 26 min ago	4.82 bp	45.6 bp −$46	doesn't fit	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
BloFin INIT-USDT	+0.0052%	4h	0.08347	+0.312%	$152K	$109K	25x	as long as short
Hyperliquid INIT	+0.0100%	1h	0.08354	+0.392%	$311K	$224K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08334	+0.159%	$28K	$39K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08359	+0.456%	$3.4M	$4.0M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08343	+0.264%	$1.4M	$1.7M	25x	as long as short
OKX INIT-USDT-SWAPshort	+0.0100%	4h	0.08356	+0.420%	$141K	$750K	10x
Gate INIT_USDT	+0.0100%	8h	0.08336	+0.180%	$82K	$46K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08361	+0.480%	$445K	$210K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	0.08334	+0.156%	$323K	$64K	25x	as long as short
Bitget INITUSDT	+0.0100%	4h	0.08345	+0.288%	$429K	$347K	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	0.08354	+0.396%	—	$6.6M	—	as long as short
Variational Omni INITlong	+0.0100%	4h	0.08321	long leg	$26K	$14K	—
Kraken Futures PF_INITUSD	+0.0112%	1h	0.08353	+0.384%	$5K	$24K	10x	as long as short