Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h −0.007%

Price spread now: Variational Omni against edgeX−0.048%7-day average −0.004% · you buy dearer than you sell

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.022%−$2 on $10k

Price spread, last 3 days (all we have)−0.091%−$9 · spread now −0.048%, 7d avg −0.004%

Together, before fees−0.113%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Variational Omni is 0.043% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.004%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.022% in total (about -2.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ARBUSDC	0.2239	0.0100	pay 0.0050% / 4h	1h 17m	$40K	$462K	20x
Short	Variational Omni ARB	0.2238	−0.0168	pay 0.0168% / 8h	1h 17m	$1.9M	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against edgeX. 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 edgeXbpFee Variational OmnibpOrdersPrice spread, now −0.048%Rate

Funding earned: −$56.25
Price spread: −0.048% → −0.004%: −$4.31
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$69.56
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 1 min ago; Variational Omni: RFQ quote, 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 edgeX live order book, 1 min ago	13.40 bp	21.8 bp −$22	100.2 bp −$1,002	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	4.47 bp	doesn't fit	22.4 bp −$224	doesn't fit	doesn't fit

ARB on 36 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
Injective ARB/USDC PERP	−0.1770%	1h	0.2230	−0.417%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2239	+0.003%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0196%	1h	0.2238	−0.046%	$4K	$2.8M	5x	as long as short
Variational Omni ARBshort	−0.0168%	8h	0.2238	−0.048%	$1.9M	$2.7M	—
Bybit ARBUSDT	−0.0147%	8h	0.2238	−0.073%	$57.9M	$133.0M	50x	as long as short
Polymarket Perps ARB-USD	−0.0125%	1h	0.2239	−0.015%	$73K	$2.0M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0101%	8h	0.2238	−0.073%	$22.5M	$160.7M	50x	as long as short
MEXC ARB_USDT	−0.0100%	8h	0.2239	−0.015%	$37.2M	$62.7M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0063%	1h	0.2239	−0.006%	$26K	$32K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0037%	8h	0.2238	−0.060%	$10K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0008%	8h	0.2238	−0.055%	$64.1M	$316.8M	75x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2237	−0.098%	$356K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2242	+0.105%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2240	+0.009%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0035%	8h	0.2239	+0.003%	$5.5M	$20.7M	60x	as long as short
Bitget ARBUSDT	+0.0067%	8h	0.2239	−0.015%	$21.0M	$37.2M	50x	as long as short
BingX ARB-USDT	+0.0068%	8h	0.2238	−0.046%	—	$53.2M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2240	+0.007%	$146K	$12K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2240	+0.043%	$1.1M	$5.1M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2242	+0.110%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2241	+0.079%	$40.0M	$50.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2239	+0.005%	$696K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2242	+0.108%	$44K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2241	+0.079%	$20.7M	$16.4M	75x	as long as short
edgeX ARBUSDClong	+0.0100%	4h	0.2239	long leg	$40K	$462K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2239	+0.001%	$486K	$3.8M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2240	+0.030%	$121K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2241	+0.074%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2238	−0.060%	$276K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2239	−0.015%	$5.2M	$13.4M	50x	as long as short
BloFin ARB-USDT	+0.0112%	8h	0.2239	+0.003%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2242	+0.119%	$506K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2239	−0.012%	$840K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2238	−0.063%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2242	+0.114%	$496K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0624%	1h	0.2243	+0.146%	$1.1M	$2.7M	20x	as long as short