Funding arb · Price arb /

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Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: Variational Omni against GRVT−0.353%74s7-day average −0.101% · you buy dearer than you sell

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

Long on GRVT Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 3 days (all we have)+0.303%+$30 · spread now −0.353%, 7d avg −0.101%

Together, before fees+0.323%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board+$32 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 0.252% cheaper against GRVT than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.101%. The two prices were read 74 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	GRVT EDGE_USDT_Perp	0.5962	0.0100	pay 0.0050% / 4h	3h 46m	$4K	$1.8M	10x
Short	Variational Omni EDGE	0.5941	0.0100	get 0.0050% / 4h	3h 46m	$190K	$127K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GRVT. 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 GRVTbpFee Variational OmnibpOrdersPrice spread, now −0.353%Rate

Funding earned: $0
Price spread: −0.353% → −0.101%: −$25.2
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$34.2
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 2 min ago; Variational Omni: RFQ quote, 27 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 GRVT live order book, 2 min ago	5.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 27 min ago	5.03 bp	doesn't fit	322.0 bp −$3,220	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
Backpack EDGE_USDC_PERP	−0.0035%	1h	0.5950	−0.197%	$57K	$101K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5939	−0.387%	$49K	$14K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5940	−0.363%	$7.0M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5943	−0.313%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5945	−0.279%	$4.8M	$1.0M	20x	as long as short
Variational Omni EDGEshort	+0.0100%	4h	0.5941	−0.353%	$190K	$127K	—
GRVT EDGE_USDT_Perplong	+0.0100%	4h	0.5962	long leg	$4K	$1.8M	10x
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5967	+0.090%	$9K	$290K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5914	−0.799%	$4K	$613K	10x	as long as short
Aster EDGEUSDT	+0.0591%	4h	0.5953	−0.140%	$68K	$133K	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	+0.0608%	1h	0.5947	−0.249%	$27K	$224K	5x	as long as short
MEXC EDGE_USDT	+0.0610%	4h	0.5948	−0.229%	$1.2M	$912K	50x	as long as short
Binance EDGEUSDT	+0.0612%	4h	0.5948	−0.229%	$10.1M	$10.1M	50x	as long as short
edgeX EDGEUSDC	+0.0619%	4h	0.5957	−0.074%	$14.2M	$3.5M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0620%	4h	0.5947	−0.246%	$3.7M	$5.8M	20x	as long as short
BloFin EDGE-USDT	+0.0651%	4h	0.5961	−0.011%	$644K	$95K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0774%	4h	0.5949	−0.212%	$3K	—	10x	as long as short