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: Bitget against Variational Omni+0.491%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 Bitget

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: Bitget is 0.491% dearer against Variational Omni than usual: you sell high and buy low, +$49 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	0.1476	0.0100	pay 0.0050% / 4h	2h 22m	$28K	$18K	—
Short	Bitget IOUSDT	0.1483	0.0100	get 0.0050% / 4h	2h 22m	$1.4M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpOrdersPrice spread, now +0.491%Rate

Funding earned: $0
Price spread: +0.491% → 0.000%: $49.08
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $37.08
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	3.38 bp	33.9 bp −$34	147.0 bp −$1,470	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.

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	+0.0055%	4h	0.1481	+0.355%	$191K	$38K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1483	+0.471%	$985K	$363K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1482	+0.423%	$23K	$47K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1483	+0.491%	$2.9M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1482	+0.396%	$1.1M	$903K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1481	+0.349%	$227K	$482K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1478	+0.152%	$1.2M	$236K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1479	+0.220%	$346K	$624K	50x	as long as short
Bitget IOUSDTshort	+0.0100%	4h	0.1483	+0.491%	$1.4M	$1.3M	50x
BingX IO-USDT	+0.0100%	4h	0.1481	+0.355%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IOlong	+0.0100%	4h	0.1476	long leg	$28K	$18K	—
Extended IO-USD	+0.0104%	1h	0.1481	+0.329%	$2K	$219K	5x	as long as short
Injective IO/USDC PERP	+0.0619%	1h	0.1484	+0.559%	$2K	$200	5.5x	as long as short
Kraken Futures PF_IOUSD	+2.7808%	1h	0.1471	−0.292%	$38K	$9K	10x	as long as short