Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0219%/8h= +24.0% APRpaid last 24h +0.023%

Price spread now: Variational Omni against tradeXYZ+0.045%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 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 airdroptradeXYZ: Active · Variational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Variational Omni is 0.045% dearer against tradeXYZ than usual: you sell high and buy low: +$5 more if the spread 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	tradeXYZ xyz:COST	897.96	0.0050	pay 0.0006% / 1h	58m 57s	$1.8M	$532K	20x
Short	Variational Omni COST	898.37	0.0269	get 0.0269% / 8h	6h 58m	$42K	$17K	—

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

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 tradeXYZbpFee Variational OmnibpOrdersPrice spread, now +0.045%Rate

Funding earned: $46.05
Price spread: +0.045% → 0.000%: $4.53
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $32.58
Costs to cover: 0.180%
Break-even: 2.0 days

Slippage unknown: tradeXYZ: live order book, 9 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, 9 min ago	0.06 bp	18.1 bp −$18	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	898.06	+0.011%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.36	+0.045%	$491K	$218K	25x	as long as short
Gate COST_USDT	0.0000%	8h	898.52	+0.062%	$523K	$7K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	898.36	+0.045%	$403K	$111K	25x	as long as short
SunX COST-USDT	0.0000%	8h	897.80	−0.018%	$1K	$3.1M	10x	as long as short
HTX COST-USDT	0.0000%	8h	899.67	+0.190%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0017%	1h	898.16	+0.022%	$1.1M	$3.0M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.666%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	+0.032%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.00	+0.004%	—	—	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:COSTlong	+0.0050%	1h	897.96	long leg	$1.8M	$532K	20x
OKX COST-USDT-SWAP	+0.0059%	8h	898.40	+0.049%	$444K	$121K	10x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	897.50	−0.051%	$47K	$861K	20x	as long as short
Variational Omni COSTshort	+0.0269%	8h	898.37	+0.045%	$42K	$17K	—
Binance COSTUSDT	+0.0416%	8h	898.27	+0.034%	$1.1M	$945K	20x	as long as short