Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Variational Omni+0.036%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 Extended

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 · Extended: 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: Extended is 0.036% dearer against Variational Omni than usual: you sell high and buy low, +$4 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 BASED	0.06814	0.0100	pay 0.0050% / 4h	2h 52m	$94K	$18K	—
Short	Extended BASED-USD	0.06817	0.0104	get 0.0013% / 1h	52m 40s	$4K	$199K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0.84
Price spread: +0.036% → 0.000%: $3.55
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$0.61
Costs to cover: 0.050%
Break-even: 12.1 days

Slippage unknown: Variational Omni: no order-book sample; Extended: live order book, 14 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 Extended live order book, 14 min ago	1.31 bp	46.5 bp −$46	283.7 bp −$2,837	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.

BASED on 15 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
Binance BASEDUSDT	+0.0100%	4h	0.06836	+0.318%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06825	+0.155%	$2.1M	$625K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06839	+0.360%	$2.6M	$3.7M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06800	−0.212%	$538K	$545K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06833	+0.272%	$4.9M	$626K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06821	+0.096%	$572K	$65K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06840	+0.375%	$1.3M	$370K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06806	−0.124%	—	$1.7M	—	as long as short
Variational Omni BASEDlong	+0.0100%	4h	0.06814	long leg	$94K	$18K	—
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06810	−0.065%	$97K	$382K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06808	−0.095%	$1K	$857K	20x	as long as short
Extended BASED-USDshort	+0.0104%	1h	0.06817	+0.036%	$4K	$199K	5x
BloFin BASED-USDT	+0.0156%	4h	0.06797	−0.256%	$255K	$41K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0267%	4h	0.06806	−0.124%	$3K	$1K	10x	as long as short
Aster BASEDUSDT	+0.0316%	4h	0.06804	−0.153%	$29K	$6K	5x	as long as short