Funding arb · Price arb /

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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: Bitget against Variational Omni+0.536%7-day average −0.015% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

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)−0.694%−$69 · spread now +0.536%, 7d avg −0.015%

Together, before fees−0.694%+ Points / potential airdropVariational Omni: Active · farm board−$69 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: Bitget is 0.551% dearer against Variational Omni than usual: you sell high and buy low, +$55 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni EDGE	0.5825	0.0100	pay 0.0050% / 4h	1h 24m	$189K	$130K	—
Short	Bitget EDGEUSDT	0.5856	0.0100	get 0.0050% / 4h	1h 24m	$4.7M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.536%Rate

Funding earned: $0
Price spread: +0.536% → −0.015%: $55.07
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $43.07
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 59 min ago; Bitget: live order book, 3 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, 59 min ago	9.38 bp	doesn't fit	449.5 bp −$4,495	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	8.59 bp	29.4 bp −$29	201.1 bp −$2,011	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	0.5850	+0.428%	$54K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5857	+0.553%	$6.9M	$3.3M	25x	as long as short
Bitget EDGEUSDTshort	+0.0100%	4h	0.5856	+0.536%	$4.7M	$1.0M	20x
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5837	+0.212%	$59K	$100K	3.3x	as long as short
Variational Omni EDGElong	+0.0100%	4h	0.5825	long leg	$189K	$130K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5824	−0.013%	$12K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5827	+0.038%	$8K	$294K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5798	−0.460%	$4K	$608K	10x	as long as short
KuCoin EDGEUSDTM	+0.0174%	4h	0.5857	+0.553%	$2.1M	$2.3M	50x	as long as short
MEXC EDGE_USDT	+0.0444%	4h	0.5870	+0.776%	$1.2M	$920K	50x	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	+0.0448%	1h	0.5861	+0.620%	$27K	$230K	5x	as long as short
Binance EDGEUSDT	+0.0451%	4h	0.5862	+0.639%	$10.0M	$10.1M	50x	as long as short
Aster EDGEUSDT	+0.0455%	4h	0.5871	+0.793%	$67K	$136K	5x	as long as short
BloFin EDGE-USDT	+0.0468%	4h	0.5843	+0.313%	$634K	$124K	50x	as long as short
edgeX EDGEUSDC	+0.0479%	4h	0.5816	−0.145%	$13.9M	$3.4M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0524%	4h	0.5864	+0.673%	$3.6M	$5.8M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0550%	4h	0.5836	+0.193%	$3K	—	10x	as long as short