Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Variational Omni+0.418%7-day average +0.059% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX 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)−0.207%−$21 · spread now +0.418%, 7d avg +0.059%

Together, before fees−0.207%+ Points / potential airdropVariational Omni: Active · farm board−$21 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: ApeX Omni is 0.359% dearer against Variational Omni than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni EDGE	0.5835	0.0100	pay 0.0050% / 4h	2h 56m	$190K	$130K	—
Short	ApeX Omni EDGEUSDT	0.5859	0.0100	get 0.0013% / 1h	56m 47s	$1K	$292K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now +0.418%Rate

Funding earned: $0
Price spread: +0.418% → +0.059%: $35.9
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $25.9
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 32 min ago; ApeX Omni: live order book, 30 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 Variational Omni RFQ quote, 32 min ago	4.24 bp	doesn't fit	429.8 bp −$4,298	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 30 min ago	6.78 bp	189.4 bp −$189	doesn't fit	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	−0.0313%	1h	0.5831	−0.060%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5817	−0.295%	$54K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5827	−0.130%	$6.9M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5833	−0.027%	$2.1M	$2.3M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5828	−0.113%	$4.6M	$986K	20x	as long as short
Variational Omni EDGElong	+0.0100%	4h	0.5835	long leg	$190K	$130K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5853	+0.308%	$12K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDTshort	+0.0100%	1h	0.5859	+0.418%	$1K	$292K	50x
SunX EDGE-USDT	+0.0100%	4h	0.6110	+4.720%	$4K	$597K	10x	as long as short
edgeX EDGEUSDC	+0.0167%	4h	0.5848	+0.228%	$14.0M	$3.4M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EDGEUSDT	+0.0177%	4h	0.5843	+0.148%	$67K	$134K	5x	as long as short
Extended EDGE-USD	+0.0192%	1h	0.5826	−0.149%	$26K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0192%	4h	0.5835	+0.007%	$1.2M	$918K	50x	as long as short
Binance EDGEUSDT	+0.0193%	4h	0.5832	−0.044%	$9.9M	$10.0M	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0193%	4h	0.5833	−0.027%	$3.6M	$5.7M	20x	as long as short
BloFin EDGE-USDT	+0.0212%	4h	0.5833	−0.027%	$631K	$125K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0366%	4h	0.5835	+0.007%	$3K	—	10x	as long as short