Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.053%

Price spread now: Extended against Variational Omni+0.069%7-day average −0.010% · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.103%+$10 on $10k

Price spread, last 3 days (all we have)−0.109%−$11 · spread now +0.069%, 7d avg −0.010%

Together, before fees−0.006%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Extended is 0.079% dearer against Variational Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni EDGE	0.5862	0.0100	pay 0.0050% / 4h	2h 13m	$191K	$130K	—
Short	Extended EDGE-USD	0.5866	0.0408	get 0.0051% / 1h	13m 40s	$27K	$230K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.069%Rate

Funding earned: $64.68
Price spread: +0.069% → −0.010%: $7.86
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $67.54
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 10 min ago; Extended: live order book, 8 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, 10 min ago	9.38 bp	doesn't fit	449.5 bp −$4,495	doesn't fit	doesn't fit
Sell Extended live order book, 8 min ago	4.51 bp	137.2 bp −$137	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	−0.0145%	1h	0.5870	+0.131%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5855	−0.129%	$54K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5865	+0.047%	$7.0M	$3.2M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5868	+0.098%	$4.7M	$990K	20x	as long as short
Variational Omni EDGElong	+0.0100%	4h	0.5862	long leg	$191K	$130K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5876	+0.236%	$2K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5875	+0.218%	$8K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6133	+4.619%	$4K	$602K	10x	as long as short
KuCoin EDGEUSDTM	+0.0154%	4h	0.5867	+0.081%	$2.1M	$2.3M	50x	as long as short
Aster EDGEUSDT	+0.0387%	4h	0.5864	+0.022%	$67K	$134K	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	+0.0399%	4h	0.5868	+0.098%	$629K	$126K	50x	as long as short
edgeX EDGEUSDC	+0.0403%	4h	0.5882	+0.342%	$14.1M	$3.4M	30x	as long as short
Extended EDGE-USDshort	+0.0408%	1h	0.5866	+0.069%	$27K	$230K	5x
MEXC EDGE_USDT	+0.0410%	4h	0.5872	+0.167%	$1.2M	$930K	50x	as long as short
Binance EDGEUSDT	+0.0411%	4h	0.5873	+0.188%	$10.0M	$10.0M	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0423%	4h	0.5872	+0.167%	$3.6M	$5.7M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0458%	4h	0.5867	+0.081%	$3K	—	10x	as long as short