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: SunX against Variational Omni+4.857%7-day average +0.410% · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

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)−4.500%−$450 · spread now +4.857%, 7d avg +0.410%

Together, before fees−4.500%+ Points / potential airdropVariational Omni: Active · farm board−$450 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: SunX is 4.447% dearer against Variational Omni than usual: you sell high and buy low, +$445 on $10k if it goes back to its 7-day average of +0.410%.

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 57m	$190K	$130K	—
Short	SunX EDGE-USDT	0.6118	0.0100	get 0.0050% / 4h	2h 57m	$4K	$597K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +4.857%Rate

Funding earned: $0
Price spread: +4.857% → +0.410%: $444.7
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: $436.7
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 31 min ago; SunX: live order book, 23 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, 31 min ago	4.24 bp	doesn't fit	429.8 bp −$4,298	doesn't fit	doesn't fit
Sell SunX live order book, 23 min ago	501.45 bp	doesn't fit	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	−0.0148%	1h	0.5847	+0.208%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5837	+0.040%	$54K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5843	+0.144%	$6.9M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5846	+0.196%	$2.1M	$2.3M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5844	+0.161%	$4.7M	$983K	20x	as long as short
Variational Omni EDGElong	+0.0100%	4h	0.5835	long leg	$190K	$130K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5849	+0.251%	$10K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5855	+0.350%	$1K	$292K	50x	as long as short
SunX EDGE-USDTshort	+0.0100%	4h	0.6118	+4.857%	$4K	$597K	10x
edgeX EDGEUSDC	+0.0139%	4h	0.5850	+0.268%	$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	0.5848	+0.230%	$67K	$134K	5x	as long as short
BloFin EDGE-USDT	+0.0184%	4h	0.5859	+0.418%	$635K	$125K	50x	as long as short
Extended EDGE-USD	+0.0192%	1h	0.5847	+0.218%	$26K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0192%	4h	0.5851	+0.281%	$1.2M	$918K	50x	as long as short
Binance EDGEUSDT	+0.0193%	4h	0.5850	+0.264%	$9.9M	$10.0M	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0196%	4h	0.5851	+0.281%	$3.6M	$5.7M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0361%	4h	0.5850	+0.264%	$3K	—	10x	as long as short