Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0329%/8h= +36.0% APRpaid last 24h +0.116%

Price spread now: Extended against Variational Omni+0.129%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 Extended

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 · Extended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Extended is 0.129% dearer against Variational Omni than usual: you sell high and buy low: +$13 more if the spread 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 NOT	0.0005005	−0.0225	get 0.0112% / 4h	2h 59m	$71K	$38K	—
Short	Extended kNOT-USD	0.0005012	0.0104	get 0.0013% / 1h	59m 49s	$4K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.129%Rate

Funding earned: $69.07
Price spread: +0.129% → 0.000%: $12.93
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $77
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Extended: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Extended no order-book sample	—	—	—	—	—

Variational Omni and Extended: 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.

NOT on 16 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
Variational Omni NOTlong	−0.0225%	4h	0.0005005	long leg	$71K	$38K	—
KuCoin NOTUSDTM	−0.0206%	4h	0.0005000	−0.102%	$466K	$128K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.620%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0067%	4h	0.0005016	+0.217%	$110K	$18K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005025	+0.393%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005010	+0.097%	$353K	$56K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005011	+0.117%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005012	+0.137%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005003	−0.042%	$2.1M	$848K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005013	+0.157%	$635K	$671K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005010	+0.097%	$139K	$70K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005012	+0.137%	$1.3M	$452K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005011	+0.117%	$648K	$434K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005009	+0.077%	—	$728K	—	as long as short
Extended kNOT-USDshort	+0.0104%	1h	0.0005012	+0.129%	$4K	—	5x
Kraken Futures PF_NOTUSD	+0.1138%	1h	0.0005022	+0.329%	$49K	$9K	10x	as long as short