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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Extended−0.388%7-day average −0.129% · you buy dearer than you sell

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.143%−$14 on $10k

Price spread, last 4 days (all we have)+0.914%+$91 · spread now −0.388%, 7d avg −0.129%

Together, before fees+0.771%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$77 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.259% cheaper against Extended than usual: you would sell low and buy high (spread −0.388% now, against its 7-day average of −0.129%). If the spread goes back, that is −$26 on $10k: about 13 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.143%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AR-USD	4.5078	0.0032	pay 0.0004% / 1h	32m 45s	$37K	$238K	10x
Short	Variational Omni AR	4.4903	0.0100	get 0.0100% / 8h	6h 32m	$140K	$165K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now −0.388%Rate

Funding earned: $14.28
Price spread: −0.388% → −0.129%: −$25.91
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$16.63
Costs to cover: 0.050%
Break-even: 15.2 days

Slippage unknown: Extended: live order book, 34 min ago; Variational Omni: RFQ quote, 36 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 Extended live order book, 34 min ago	6.96 bp	29.1 bp −$29	177.9 bp −$1,779	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 36 min ago	4.88 bp	doesn't fit	160.8 bp −$1,608	doesn't fit	doesn't fit

AR on 16 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
Kraken Futures PF_ARUSD	−0.1696%	1h	4.5176	+0.216%	$55K	$149K	20x	as long as short
Injective AR/USDC PERP	−0.0353%	1h	4.6110	+2.289%	$2K	$2K	5.5x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5077	−0.002%	$579K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0130%	8h	4.5130	+0.115%	$2.3M	$19.3M	20x	as long as short
Extended AR-USDlong	+0.0032%	1h	4.5078	long leg	$37K	$238K	10x
MEXC AR_USDT	+0.0032%	8h	4.5140	+0.137%	$6.4M	$4.3M	100x	as long as short
Binance ARUSDT	+0.0033%	8h	4.5140	+0.137%	$9.0M	$53.0M	75x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5162	+0.186%	$4.1M	$4.7M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5085	+0.015%	$26K	$493K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5109	+0.068%	$4.5M	$8.4M	75x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5110	+0.071%	$2.5M	$2.1M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5130	+0.115%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5090	+0.026%	$3.9M	$5.4M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5070	−0.018%	—	$2.9M	—	as long as short
Variational Omni ARshort	+0.0100%	8h	4.4903	−0.388%	$140K	$165K	—
ApeX Omni ARUSDT	+0.0100%	1h	4.4900	−0.395%	$20K	$742K	50x	as long as short