Funding arb · Price arb /

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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 −0.020%

Price spread now: GRVT against Variational Omni+0.355%59s7-day average +0.101% · you sell dearer than you buy

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

Long on Variational Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.020%−$2 on $10k

Price spread, last 3 days (all we have)−0.304%−$30 · spread now +0.355%, 7d avg +0.101%

Together, before fees−0.324%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board−$32 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: GRVT is 0.253% dearer against Variational Omni than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.101%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni EDGE	0.5941	0.0100	pay 0.0050% / 4h	3h 44m	$190K	$127K	—
Short	GRVT EDGE_USDT_Perp	0.5962	0.0100	get 0.0050% / 4h	3h 44m	$4K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.355%Rate

Funding earned: $0
Price spread: +0.355% → +0.101%: $25.33
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $16.33
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 30 min ago; GRVT: 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, 30 min ago	5.03 bp	doesn't fit	360.6 bp −$3,606	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	5.05 bp	43.8 bp −$44	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	−0.0105%	1h	0.5950	+0.152%	$57K	$101K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5942	+0.032%	$49K	$14K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5941	+0.007%	$7.0M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5945	+0.074%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5948	+0.125%	$4.8M	$1.0M	20x	as long as short
Variational Omni EDGElong	+0.0100%	4h	0.5941	long leg	$190K	$127K	—
GRVT EDGE_USDT_Perpshort	+0.0100%	4h	0.5962	+0.355%	$4K	$1.8M	10x
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5959	+0.310%	$9K	$290K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5910	−0.515%	$3K	$613K	10x	as long as short
BloFin EDGE-USDT	+0.0559%	4h	0.5954	+0.226%	$645K	$95K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EDGEUSDT	+0.0589%	4h	0.5955	+0.235%	$68K	$133K	5x	as long as short
OKX EDGE-USDT-SWAP	+0.0601%	4h	0.5949	+0.142%	$3.7M	$5.8M	20x	as long as short
Extended EDGE-USD	+0.0608%	1h	0.5944	+0.062%	$27K	$224K	5x	as long as short
MEXC EDGE_USDT	+0.0610%	4h	0.5950	+0.159%	$1.2M	$912K	50x	as long as short
Binance EDGEUSDT	+0.0614%	4h	0.5948	+0.125%	$10.1M	$10.1M	50x	as long as short
edgeX EDGEUSDC	+0.0619%	4h	0.5957	+0.281%	$14.2M	$3.5M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0777%	4h	0.5951	+0.175%	$3K	—	10x	as long as short