Funding arb · Price arb /

IO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Binance+0.090%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 5 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: Variational Omni is 0.090% dearer against Binance than usual: you sell high and buy low, +$9 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	Binance IOUSDT	0.1613	0.0100	pay 0.0050% / 4h	2h 05m	$3.1M	$4.2M	50x
Short	Variational Omni IO	0.1614	0.0100	get 0.0050% / 4h	2h 05m	$41K	$42K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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 BinancebpFee Variational OmnibpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → 0.000%: $9.05
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.95
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 9 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 Binance live order book, 9 min ago	3.10 bp	27.1 bp −$27	125.3 bp −$1,253	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.

IO on 14 exchanges

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_IOUSD	−0.1406%	1h	0.1610	−0.144%	$32K	$59K	10x	as long as short
Injective IO/USDC PERP	−0.0333%	1h	0.1615	+0.155%	$2K	$101K	5.5x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1611	−0.087%	$1.1M	$453K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1613	+0.021%	$33K	$17K	5x	as long as short
Binance IOUSDTlong	+0.0100%	4h	0.1613	long leg	$3.1M	$4.2M	50x
Bybit IOUSDT	+0.0100%	4h	0.1611	−0.087%	$1.3M	$785K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1613	+0.006%	$231K	$547K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1611	−0.093%	$1.4M	$248K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1613	+0.031%	$337K	$145K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1614	+0.093%	$1.5M	$738K	50x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDT	+0.0100%	4h	0.1612	−0.031%	—	$1.3M	—	as long as short
Variational Omni IOshort	+0.0100%	4h	0.1614	+0.090%	$41K	$42K	—
Extended IO-USD	+0.0104%	1h	0.1613	+0.006%	$636	$276K	5x	as long as short
BloFin IO-USDT	+0.0106%	4h	0.1613	+0.031%	$212K	$25K	50x	as long as short