Funding arb · Price arb /

BOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0974%/8h= −106.6% APRpaid last 24h +0.168%

Price spread now: Arcus against Variational Omni−0.123%50s7-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 Arcus

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

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Arcus is 0.123% cheaper against Variational Omni than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BOT	29.426	0	get 0.0000% / 8h	1h 16m	$31K	$19K	—
Short	Arcus BOT-USD	29.390	−0.0974	pay 0.0122% / 1h	16m 54s	$744	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$204.51
Price spread: −0.123% → 0.000%: −$12.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$221.36
Costs to cover: 0.045%
Break-even: never at this rate

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

Variational Omni and Arcus: 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 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
Arcus BOT-USDshort	−0.0974%	1h	29.390	−0.123%	$744	$5K	5x
tradeXYZ xyz:BOT	−0.0161%	1h	29.407	−0.066%	$3.1M	$826K	10x	as long as short
KuCoin BOTUSDTM	−0.0097%	8h	29.410	−0.055%	$96K	$330K	20x	as long as short
QFEX BOT-USD	−0.0048%	1h	29.430	+0.012%	$1.2M	$522K	10x	as long as short
Binance BOTUSDT	−0.0009%	8h	29.397	−0.099%	$455K	$1.2M	10x	as long as short
Bybit BOTUSDT	0.0000%	8h	29.430	+0.012%	$511K	$314K	25x	as long as short
OKX BOT-USDT-SWAP	0.0000%	8h	29.400	−0.089%	$237K	$220K	20x	as long as short
Gate BOT_USDT	0.0000%	8h	29.480	+0.182%	$252K	$245K	20x	as long as short
Bitget BOTUSDT	0.0000%	8h	29.440	+0.046%	$252K	$145K	5x	as long as short
Variational Omni BOTlong	0.0000%	8h	29.426	long leg	$31K	$19K	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BOT	+0.0032%	1h	29.493	+0.227%	$68K	$14K	3x	as long as short
HTX BOT-USDT	+0.0100%	8h	29.421	−0.018%	$3K	$34K	10x	as long as short