Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against SunX+0.012%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 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 airdropVariational Omni: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AXS-USDT	1.0796	0.0100	pay 0.0050% / 4h	3h 41m	$2K	$1.3M	20x
Short	Variational Omni AXS	1.0797	0.0100	get 0.0100% / 8h	7h 41m	$37K	$4K	—

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 +0.012%Rate

Funding earned: $0
Price spread: +0.012% → 0.000%: $1.23
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.77
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 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, 3 min ago	500.49 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.

AXS on 20 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_AXSUSD	−0.0260%	1h	1.0797	+0.008%	$145K	$323K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	−0.704%	$5	$47K	5.5x	as long as short
BloFin AXS-USDT	+0.0053%	4h	1.0789	−0.065%	$277K	$18K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0081%	4h	1.0780	−0.148%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0809	+0.120%	$29K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0790	−0.056%	$269K	$305K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0796	−0.002%	$74K	$12K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0784	−0.109%	$6.1M	$9.7M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0793	−0.028%	$3.7M	$4.1M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0783	−0.120%	$1.4M	$3.0M	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AXS_USDT	+0.0100%	8h	1.0792	−0.037%	$972K	$904K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0784	−0.111%	$11.5M	$742K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0790	−0.056%	$624K	$308K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0790	−0.056%	$3.2M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0796	0.000%	—	$2.6M	—	as long as short
Variational Omni AXSshort	+0.0100%	8h	1.0797	+0.012%	$37K	$4K	—
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0780	−0.148%	$770K	$900K	10x	as long as short
SunX AXS-USDTlong	+0.0100%	4h	1.0796	long leg	$2K	$1.3M	20x
SoDEX AXS-USD	+0.0100%	1h	1.0785	−0.102%	$713	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0782	−0.134%	$7K	$199K	10x	as long as short