Funding arb · Price arb /

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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: BingX against Variational Omni+0.183%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 BingX

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: BingX is 0.183% dearer against Variational Omni than usual: you sell high and buy low, +$18 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 IO	0.1507	0.0100	pay 0.0050% / 4h	3h 55m	$33K	$13K	—
Short	BingX IO-USDT	0.1510	0.0100	get 0.0050% / 4h	3h 55m	—	$1.3M	—

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 +0.183%Rate

Funding earned: $0
Price spread: +0.183% → 0.000%: $18.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $8.34
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 1 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, 1 min ago	6.63 bp	31.0 bp −$31	75.9 bp −$759	457.8 bp −$45.8K	578.3 bp −$289.1K

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 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 IO-USDT	+0.0066%	4h	0.1510	+0.183%	$194K	$39K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1510	+0.217%	$1.0M	$369K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1511	+0.247%	$23K	$49K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1510	+0.183%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1509	+0.117%	$1.1M	$906K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1509	+0.130%	$231K	$553K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1510	+0.183%	$1.2M	$226K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1509	+0.117%	$356K	$647K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1511	+0.250%	$1.3M	$1.3M	50x	as long as short
BingX IO-USDTshort	+0.0100%	4h	0.1510	+0.183%	—	$1.3M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IOlong	+0.0100%	4h	0.1507	long leg	$33K	$13K	—
Extended IO-USD	+0.0104%	1h	0.1510	+0.155%	$241	$137K	5x	as long as short
Injective IO/USDC PERP	+0.0193%	1h	0.1508	+0.051%	$2K	$199	5.5x	as long as short
Kraken Futures PF_IOUSD	+1.6671%	1h	0.1507	−0.044%	$39K	$10K	10x	as long as short