Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bitget+0.076%7-day average +0.003% · you sell dearer than you buy

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now +0.076%, 7d avg +0.003%

Together, before fees+0.082%+ Points / potential airdropVariational Omni: Active · farm board+$8 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 0.073% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EDGEUSDT	0.5911	0.0100	pay 0.0050% / 4h	3h 34m	$4.7M	$1.1M	20x
Short	Variational Omni EDGE	0.5915	0.0100	get 0.0050% / 4h	3h 34m	$190K	$139K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → +0.003%: $7.26
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.74
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; Variational Omni: RFQ quote, 20 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 Bitget live order book, 4 min ago	8.44 bp	37.2 bp −$37	572.8 bp −$5,728	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 20 min ago	5.04 bp	doesn't fit	326.0 bp −$3,260	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	0.5912	+0.015%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5904	−0.118%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5916	+0.085%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDTlong	+0.0100%	4h	0.5911	long leg	$4.7M	$1.1M	20x
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5927	+0.266%	$58K	$111K	3.3x	as long as short
Variational Omni EDGEshort	+0.0100%	4h	0.5915	+0.076%	$190K	$139K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5925	+0.237%	$3K	$2.5M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5933	+0.372%	$9K	$305K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6180	+4.551%	$3K	$624K	10x	as long as short
Aster EDGEUSDT	+0.0424%	4h	0.5922	+0.194%	$55K	$154K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0464%	1h	0.5902	−0.148%	$27K	$196K	5x	as long as short
MEXC EDGE_USDT	+0.0464%	4h	0.5911	0.000%	$1.0M	$864K	50x	as long as short
Binance EDGEUSDT	+0.0464%	4h	0.5913	+0.034%	$10.1M	$10.5M	50x	as long as short
BloFin EDGE-USDT	+0.0510%	4h	0.5936	+0.423%	$660K	$102K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0511%	4h	0.5908	−0.051%	$3.7M	$5.8M	20x	as long as short
edgeX EDGEUSDC	+0.0539%	4h	0.5928	+0.281%	$14.2M	$3.6M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0573%	4h	0.5908	−0.051%	$3K	$359	10x	as long as short