Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit−0.086%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 0.086% cheaper against Bybit than usual: you would sell low and buy high, −$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	Bybit UBUSDT	0.1506	0.0100	pay 0.0050% / 4h	3h 05m	$1.1M	$2.6M	20x
Short	Variational Omni UB	0.1504	0.0100	get 0.0050% / 4h	3h 05m	$2K	$7K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → 0.000%: −$8.56
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.56
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	4.32 bp	76.6 bp −$77	328.2 bp −$3,282	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.

UB 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 UB-USDT	+0.0068%	4h	0.1510	+0.308%	$160K	$1.1M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1508	+0.165%	$3.3M	$17.6M	50x	as long as short
Bybit UBUSDTlong	+0.0100%	4h	0.1506	long leg	$1.1M	$2.6M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1508	+0.149%	$1.4M	$16.8M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1506	+0.003%	$1.5M	$3.6M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1508	+0.149%	$612K	$714K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1505	−0.031%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1509	+0.248%	$2.4M	$3.6M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1508	+0.142%	—	$2.7M	—	as long as short
Variational Omni UBshort	+0.0100%	4h	0.1504	−0.086%	$2K	$7K	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX UBUSDC	+0.0100%	4h	0.1505	−0.052%	$38K	$264K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1507	+0.082%	$17K	$222K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1508	+0.139%	$6K	$172K	5x	as long as short
Aster UBUSDT	+0.0663%	4h	0.1509	+0.209%	$409K	$198K	5x	as long as short