Funding arb · Price arb /

2Z

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Variational Omni+0.122%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

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: SunX is 0.122% dearer against Variational Omni than usual: you sell high and buy low, +$12 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	Variational Omni 2Z	0.05239	0.0100	pay 0.0050% / 4h	3h 31m	$33K	$23K	—
Short	SunX 2Z-USDT	0.05245	0.0100	get 0.0050% / 4h	3h 31m	$2K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Variational Omni. 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 Variational OmnibpFee SunXbpOrdersPrice spread, now +0.122%Rate

Funding earned: $0
Price spread: +0.122% → 0.000%: $12.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: $4.25
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; SunX: live order book, 2 min ago. 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 SunX live order book, 2 min ago	499.00 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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 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
Backpack 2Z_USDC_PERP	−0.0664%	1h	0.05230	−0.164%	$45K	$22K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.936%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05238	−0.011%	$17K	$6K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05242	+0.065%	$676K	$353K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05237	−0.027%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05234	−0.087%	$75K	$15K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05238	−0.011%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05242	+0.065%	$725K	$964K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05244	+0.103%	$449K	$714K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05235	−0.068%	$91K	$61K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDT	+0.0100%	4h	0.05238	−0.011%	$328K	$131K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05232	−0.129%	$179K	$55K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05240	+0.027%	$162K	$625K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05239	+0.008%	—	$6.5M	—	as long as short
Variational Omni 2Zlong	+0.0100%	4h	0.05239	long leg	$33K	$23K	—
SunX 2Z-USDTshort	+0.0100%	4h	0.05245	+0.122%	$2K	$1.2M	20x
Kraken Futures PF_2ZUSD	+0.0567%	1h	0.05248	+0.180%	$5K	$3K	10x	as long as short