Settings8H · net · $10k
Funding arb · Price arb /

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0300%/8h= +32.8% APRnext payment +$1.50 per $10,000 · paid last 24h +0.146%
Price spread now: BingX against Variational Omni−0.080%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. BingX is 0.080% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 21 hours of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni US0.016330.0100pay 0.0050% / 4h1h 35m$16K$4K
ShortBingX US-USDT0.016320.0400get 0.0200% / 4h1h 35m$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

Funding earned
$63
Price spread: −0.080% → 0.000%
−$8.05
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BingX: 5 bp × 2 orders
−$10
Net
$44.95
Costs to cover
0.100%
Break-even
2.0 days
Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell BingX live order book, 10 min ago9.18 bp33.0 bp −$3374.0 bp −$740673.2 bp −$67.3K1101.0 bp −$550.5K
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.

US on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin USUSDTM+0.0062%4h0.01623−0.638%$4.0M$399K20xas long as short
Bybit USUSDT+0.0100%4h0.01632−0.080%$3.2M$936K20xas long as short
Gate US_USDT+0.0100%4h0.01631−0.148%$2.1M$604K20xas long as short
Variational Omni USlong+0.0100%4h0.01633long leg$16K$4K
Bitget USUSDT+0.0128%4h0.01633−0.019%$4.3M$266K10xas long as short
Aster USUSDT+0.0256%4h0.01633−0.042%$12K$54K5xas long as short
BloFin US-USDT+0.0342%4h0.01633−0.038%$481K$49K10xas long as short
MEXC US_USDT+0.0380%4h0.01631−0.117%$5.5M$114K100xas long as short
Binance USUSDT+0.0381%4h0.01631−0.122%$9.1M$3.3M10xas long as short
Extended US-USD+0.0384%1h0.01631−0.143%$6K$171K5xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX US-USDTshort+0.0400%4h0.01632−0.080%$1.3M