Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Variational Omni against ApeX Omni−0.413%58s7-day average −0.065% · you buy dearer than you sell

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.282%+$28 · spread now −0.413%, 7d avg −0.065%

Together, before fees+0.278%+ Points / potential airdropVariational Omni: Active · farm board+$28 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.348% cheaper against ApeX Omni than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of −0.065%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni EDGEUSDT	0.5984	0.0100	pay 0.0013% / 1h	32m 30s	$9K	$288K	50x
Short	Variational Omni EDGE	0.5959	0.0100	get 0.0050% / 4h	32m 30s	$193K	$131K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX Omni. 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 ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now −0.413%Rate

Funding earned: $0
Price spread: −0.413% → −0.065%: −$34.78
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$44.78
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 45 min ago; Variational Omni: RFQ quote, 46 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 ApeX Omni live order book, 45 min ago	19.56 bp	180.0 bp −$180	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 46 min ago	7.68 bp	doesn't fit	280.8 bp −$2,808	doesn't fit	doesn't fit

EDGE 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
Lighter EDGE	+0.0096%	1h	0.5966	−0.309%	$55K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5973	−0.184%	$7.1M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5974	−0.167%	$4.7M	$999K	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5982	−0.040%	$58K	$100K	3.3x	as long as short
Variational Omni EDGEshort	+0.0100%	4h	0.5959	−0.413%	$193K	$131K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5978	−0.096%	$7K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDTlong	+0.0100%	1h	0.5984	long leg	$9K	$288K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5945	−0.652%	$4K	$611K	10x	as long as short
KuCoin EDGEUSDTM	+0.0174%	4h	0.5979	−0.084%	$2.1M	$2.2M	50x	as long as short
BloFin EDGE-USDT	+0.0621%	4h	0.5996	+0.201%	$649K	$126K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EDGE_USDT	+0.0624%	4h	0.5982	−0.033%	$1.2M	$915K	50x	as long as short
Binance EDGEUSDT	+0.0629%	4h	0.5979	−0.084%	$10.1M	$10.1M	50x	as long as short
Aster EDGEUSDT	+0.0631%	4h	0.5989	+0.090%	$69K	$135K	5x	as long as short
Extended EDGE-USD	+0.0632%	1h	0.5980	−0.068%	$27K	$230K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0671%	4h	0.5986	+0.033%	$3K	—	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0730%	4h	0.5983	−0.017%	$3.7M	$5.9M	20x	as long as short
edgeX EDGEUSDC	+0.0736%	4h	0.5982	−0.025%	$14.3M	$3.5M	30x	as long as short