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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Variational Omni against Bybit−0.229%7-day average +0.039% · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.298%+$30 · spread now −0.229%, 7d avg +0.039%

Together, before fees+0.298%+ Points / potential airdropVariational Omni: Active · farm board+$30 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 0.268% cheaper against Bybit than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EDGEUSDT	0.5973	0.0100	pay 0.0050% / 4h	34m 50s	$7.1M	$3.3M	25x
Short	Variational Omni EDGE	0.5959	0.0100	get 0.0050% / 4h	34m 50s	$193K	$131K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.229%Rate

Funding earned: $0
Price spread: −0.229% → +0.039%: −$26.77
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$37.77
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Variational Omni: RFQ quote, 44 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 Bybit live order book, 3 min ago	0.84 bp	64.9 bp −$65	367.2 bp −$3,672	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 44 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	0.5958	−0.244%	$55K	$8K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5973	long leg	$7.1M	$3.3M	25x
Bitget EDGEUSDT	+0.0100%	4h	0.5972	−0.017%	$4.7M	$999K	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5975	+0.039%	$58K	$100K	3.3x	as long as short
Variational Omni EDGEshort	+0.0100%	4h	0.5959	−0.229%	$193K	$131K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5978	+0.088%	$7K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5987	+0.234%	$9K	$288K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5934	−0.653%	$4K	$610K	10x	as long as short
KuCoin EDGEUSDTM	+0.0162%	4h	0.5975	+0.033%	$2.1M	$2.2M	50x	as long as short
BloFin EDGE-USDT	+0.0593%	4h	0.5973	0.000%	$646K	$128K	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	+0.0620%	4h	0.5979	+0.100%	$1.2M	$915K	50x	as long as short
Binance EDGEUSDT	+0.0620%	4h	0.5988	+0.259%	$10.2M	$10.1M	50x	as long as short
Extended EDGE-USD	+0.0624%	1h	0.5988	+0.259%	$27K	$230K	5x	as long as short
Aster EDGEUSDT	+0.0625%	4h	0.5979	+0.096%	$69K	$135K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0661%	4h	0.5977	+0.067%	$3K	—	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0724%	4h	0.5993	+0.335%	$3.7M	$5.9M	20x	as long as short
edgeX EDGEUSDC	+0.0736%	4h	0.5982	+0.159%	$14.3M	$3.5M	30x	as long as short