Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Variational Omni against Gate−0.035%7-day average — · you buy dearer than you sell

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

Long on Gate 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 0.035% cheaper against Gate 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	Gate COST_USDT	898.95	0	get 0.0000% / 8h	1h 48m	$523K	$26K	25x
Short	Variational Omni COST	898.63	0	get 0.0000% / 8h	1h 48m	$42K	$19K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → 0.000%: −$3.52
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$18.52
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 32 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 Gate live order book, 32 min ago	20.83 bp	57.4 bp −$57	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.

COST on 15 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
Aster COSTUSDT	0.0000%	8h	898.26	−0.077%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.99	+0.004%	$470K	$193K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.68	+0.081%	$432K	$137K	10x	as long as short
Gate COST_USDTlong	0.0000%	8h	898.95	long leg	$523K	$26K	25x
Bitget COSTUSDT	0.0000%	8h	898.58	−0.041%	$398K	$125K	25x	as long as short
Variational Omni COSTshort	0.0000%	8h	898.63	−0.035%	$42K	$19K	—
SunX COST-USDT	0.0000%	8h	898.40	−0.061%	$2K	$3.3M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.47	+0.169%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.775%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.30	−0.072%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	898.35	−0.067%	—	—	25x	as long as short
QFEX COST-USD	+0.0048%	1h	898.65	−0.033%	$1.1M	$2.9M	10x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.54	−0.046%	$1.8M	$536K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	899.00	+0.006%	$41K	$835K	20x	as long as short
Binance COSTUSDT	+0.0144%	8h	898.64	−0.034%	$1.1M	$970K	20x	as long as short