Funding arb · Price arb /

BOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.1399%/8h= −153.2% APRpaid last 24h −0.233%

Price spread now: Variational Omni against tradeXYZ+0.380%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

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 airdroptradeXYZ: Active · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.380% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.380% now, against zero (this spread has no 7-day history yet)): +$38 on $10k if it goes back. Holding the pair costs −$42 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BOT	29.251	−0.0094	get 0.0012% / 1h	56m 06s	$3.0M	$783K	10x
Short	Variational Omni BOT	29.362	−0.1493	pay 0.1493% / 8h	4h 56m	$36K	$24K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against tradeXYZ. 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 tradeXYZbpFee Variational OmnibpOrdersPrice spread, now +0.380%Rate

Funding earned: −$293.72
Price spread: +0.380% → 0.000%: $38.02
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$273.7
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago	0.85 bp	9.9 bp −$10	doesn't fit	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.

BOT on 12 exchanges

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
Arcus BOT-USD	−0.4954%	1h	29.200	−0.174%	$3K	$10K	5x	as long as short
Bybit BOTUSDT	−0.2402%	8h	29.260	+0.031%	$480K	$663K	25x	as long as short
OKX BOT-USDT-SWAP	−0.2234%	8h	29.320	+0.236%	$234K	$251K	20x	as long as short
KuCoin BOTUSDTM	−0.2052%	8h	29.340	+0.304%	$89K	$624K	20x	as long as short
Binance BOTUSDT	−0.1588%	8h	29.303	+0.179%	$465K	$1.2M	10x	as long as short
Variational Omni BOTshort	−0.1493%	8h	29.362	+0.380%	$36K	$24K	—
tradeXYZ xyz:BOTlong	−0.0094%	1h	29.251	long leg	$3.0M	$783K	10x
QFEX BOT-USD	−0.0080%	1h	29.350	+0.338%	$1.2M	$493K	10x	as long as short
Gate BOT_USDT	0.0000%	8h	29.360	+0.373%	$257K	$228K	20x	as long as short
Bitget BOTUSDT	0.0000%	8h	29.300	+0.168%	$243K	$131K	5x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BOT	+0.0032%	1h	29.358	+0.366%	$67K	$1K	3x	as long as short
HTX BOT-USDT	+0.0100%	8h	29.308	+0.195%	$3K	$36K	10x	as long as short