Funding arb · Price arb /

2Z

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against SunX+0.265%7-day average — · you sell dearer than you buy

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

Long on SunX 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 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 0.265% dearer against SunX than usual: you sell high and buy low, +$27 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	SunX 2Z-USDT	0.05162	0.0100	pay 0.0050% / 4h	1h 31m	$1K	$1.1M	20x
Short	Variational Omni 2Z	0.05176	0.0100	get 0.0050% / 4h	1h 31m	$33K	$23K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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 SunXbpFee Variational OmnibpOrdersPrice spread, now +0.265%Rate

Funding earned: $0
Price spread: +0.265% → 0.000%: $26.5
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $18.5
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 4 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 SunX live order book, 4 min ago	500.72 bp	doesn't fit	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.

2Z on 17 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
Kraken Futures PF_2ZUSD	−0.3190%	1h	0.05145	−0.328%	$5K	$2K	10x	as long as short
Backpack 2Z_USDC_PERP	−0.0436%	1h	0.05158	−0.077%	$45K	$21K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−3.526%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05163	+0.019%	$16K	$3K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05155	−0.126%	$647K	$330K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05160	−0.047%	$12K	$20K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05160	−0.043%	$74K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05156	−0.120%	$2.0M	$2.1M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05159	−0.058%	$708K	$1.0M	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05158	−0.077%	$430K	$728K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate 2Z_USDT	+0.0100%	4h	0.05159	−0.058%	$90K	$81K	50x	as long as short
MEXC 2Z_USDT	+0.0100%	4h	0.05155	−0.136%	$309K	$138K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05150	−0.240%	$164K	$62K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05158	−0.077%	$168K	$713K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05155	−0.136%	—	$6.5M	—	as long as short
Variational Omni 2Zshort	+0.0100%	4h	0.05176	+0.265%	$33K	$23K	—
SunX 2Z-USDTlong	+0.0100%	4h	0.05162	long leg	$1K	$1.1M	20x