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Swap Backtest

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 0.000%

Price spread now: Variational Omni against SunX+0.504%7-day average −0.492% · you sell dearer than you buy

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

Long on SunX 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)−1.730%−$173 · spread now +0.504%, 7d avg −0.492%

Together, before fees−1.730%+ Points / potential airdropVariational Omni: Active · farm board−$173 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 0.996% dearer against SunX than usual: you sell high and buy low, +$100 on $10k if it goes back to its 7-day average of −0.492%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EDGE-USDT	0.5848	0.0100	pay 0.0050% / 4h	2h 10m	$4K	$620K	10x
Short	Variational Omni EDGE	0.5877	0.0100	get 0.0050% / 4h	2h 10m	$189K	$131K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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 SunXbpFee Variational OmnibpOrdersPrice spread, now +0.504%Rate

Funding earned: $0
Price spread: +0.504% → −0.492%: $99.59
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $91.59
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 31 min ago; Variational Omni: RFQ quote, 59 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 SunX live order book, 31 min ago	500.86 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 59 min ago	7.48 bp	doesn't fit	333.3 bp −$3,333	doesn't fit	doesn't fit

EDGE on 16 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	0.5872	+0.412%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5875	+0.462%	$7.0M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5880	+0.547%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5879	+0.530%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5889	+0.706%	$58K	$105K	3.3x	as long as short
Variational Omni EDGEshort	+0.0100%	4h	0.5877	+0.504%	$189K	$131K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5883	+0.605%	$7K	$2.0M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5885	+0.633%	$9K	$303K	50x	as long as short
SunX EDGE-USDTlong	+0.0100%	4h	0.5848	long leg	$4K	$620K	10x
OKX EDGE-USDT-SWAP	+0.0445%	4h	0.5878	+0.513%	$3.6M	$5.8M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EDGEUSDT	+0.0491%	4h	0.5884	+0.613%	$68K	$132K	5x	as long as short
edgeX EDGEUSDC	+0.0492%	4h	0.5907	+1.011%	$14.1M	$3.6M	30x	as long as short
Binance EDGEUSDT	+0.0493%	4h	0.5877	+0.496%	$10.0M	$10.4M	50x	as long as short
MEXC EDGE_USDT	+0.0494%	4h	0.5879	+0.530%	$1.1M	$912K	50x	as long as short
Extended EDGE-USD	+0.0496%	1h	0.5872	+0.411%	$27K	$199K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0698%	4h	0.5873	+0.427%	$3K	—	10x	as long as short