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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Variational Omni−0.416%7-day average −0.033% · you buy dearer than you sell

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.362%+$36 · spread now −0.416%, 7d avg −0.033%

Together, before fees+0.362%+ Points / potential airdropVariational Omni: Active · farm board+$36 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: Bybit is 0.383% cheaper against Variational Omni than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni EDGE	0.5978	0.0100	pay 0.0050% / 4h	3h 08m	$191K	$142K	—
Short	Bybit EDGEUSDT	0.5953	0.0100	get 0.0050% / 4h	3h 08m	$7.2M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.416%Rate

Funding earned: $0
Price spread: −0.416% → −0.033%: −$38.29
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$49.29
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 45 min ago; Bybit: live order book, 4 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, 45 min ago	5.04 bp	doesn't fit	448.7 bp −$4,487	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.18 bp	119.8 bp −$120	336.0 bp −$3,360	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	0.5960	−0.304%	$43K	$19K	3x	as long as short
Bybit EDGEUSDTshort	+0.0100%	4h	0.5953	−0.416%	$7.2M	$3.3M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5965	−0.216%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5954	−0.400%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5960	−0.299%	$58K	$113K	3.3x	as long as short
Variational Omni EDGElong	+0.0100%	4h	0.5978	long leg	$191K	$142K	—
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5993	+0.253%	$9K	$305K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5933	−0.751%	$3K	$628K	10x	as long as short
GRVT EDGE_USDT_Perp	+0.0138%	4h	0.5987	+0.152%	$2K	$2.6M	10x	as long as short
Aster EDGEUSDT	+0.0458%	4h	0.5964	−0.234%	$53K	$155K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0488%	4h	0.5972	−0.099%	$659K	$104K	50x	as long as short
MEXC EDGE_USDT	+0.0532%	4h	0.5960	−0.299%	$1.1M	$866K	50x	as long as short
Binance EDGEUSDT	+0.0532%	4h	0.5957	−0.355%	$10.2M	$10.5M	50x	as long as short
Extended EDGE-USD	+0.0536%	1h	0.5955	−0.376%	$28K	$86K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0585%	4h	0.5972	−0.099%	$3K	$1K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0607%	4h	0.5962	−0.266%	$3.8M	$5.8M	20x	as long as short
edgeX EDGEUSDC	+0.0612%	4h	0.5986	+0.134%	$14.3M	$3.7M	30x	as long as short