Funding arb · Price arb /

UB

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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: Bybit against Variational Omni−0.038%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Bybit

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: Bybit is 0.038% cheaper against Variational Omni than usual: you would sell low and buy high, −$4 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 UB	0.1464	0.0100	pay 0.0050% / 4h	3h 18m	$418	$8K	—
Short	Bybit UBUSDT	0.1464	0.0100	get 0.0050% / 4h	3h 18m	$925K	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → 0.000%: −$3.81
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$14.81
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	3.41 bp	73.0 bp −$73	495.0 bp −$4,950	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.

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
KuCoin UBUSDTM	+0.0052%	4h	0.1462	−0.144%	$1.1M	$965K	20x	as long as short
BloFin UB-USDT	+0.0061%	4h	0.1466	+0.110%	$157K	$813K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1466	+0.109%	$3.0M	$14.1M	50x	as long as short
Bybit UBUSDTshort	+0.0100%	4h	0.1464	−0.038%	$925K	$2.1M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1466	+0.103%	$1.3M	$11.4M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1462	−0.184%	$1.5M	$3.2M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1466	+0.103%	$598K	$637K	100x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1466	+0.110%	$2.4M	$2.9M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1466	+0.131%	—	$2.6M	—	as long as short
Variational Omni UBlong	+0.0100%	4h	0.1464	long leg	$418	$8K	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX UBUSDC	+0.0100%	4h	0.1466	+0.145%	$37K	$273K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1467	+0.172%	$16K	$341K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1466	+0.115%	$3K	$225K	5x	as long as short
Aster UBUSDT	+0.0191%	4h	0.1466	+0.147%	$398K	$104K	5x	as long as short