Settings8H · net · $10k
Funding arb · Price arb /

M

all M markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0807%/8h= +88.3% APRnext payment +$4.03 per $10,000 · paid last 24h +0.044%
Price spread now: Variational Omni against SunX+0.039%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Variational Omni is 0.039% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX M-USDT1.35050.0100pay 0.0050% / 4h3h 05m$2K$905K20x
ShortVariational Omni M1.35100.0907get 0.0453% / 4h3h 05m$90K$19K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$169.41
Price spread: +0.039% → 0.000%
$3.9
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$165.31
Costs to cover
0.080%
Break-even
0.2 days
Slippage unknown: SunX: live order book, 37 min ago; Variational Omni: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 37 min ago30.60 bp91.5 bp −$91doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni no order-book sample
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

M on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate M_USDT+0.0100%8h1.3460−0.333%$1.8M$916K10xas long as short
Orderly PERP_M_USDC+0.0100%4h1.3480−0.185%$2K$51010xas long as short
SunX M-USDTlong+0.0100%4h1.3505long leg$2K$905K20x
Aster MUSDT+0.0187%4h1.3466−0.289%$12K$83K5xas long as short
Bybit MUSDT+0.0383%4h1.3489−0.118%$4.2M$1.7M20xas long as short
BloFin M-USDT+0.0441%4h1.3498−0.052%$344K$457K10xas long as short
MEXC M_USDT+0.0450%4h1.3489−0.118%$243K$115K50xas long as short
Binance MUSDT+0.0450%4h1.3491−0.105%$5.4M$3.9M10xas long as short
Variational Omni Mshort+0.0907%4h1.3510+0.039%$90K$19K
BingX M-USDT+0.1124%4h1.3475−0.222%$2.4Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MUSDT+0.1150%4h1.3492−0.096%$1.8M$253K10xas long as short
KuCoin MUSDTM+0.1918%4h1.3372−0.983%$1.3M$3.6M10xas long as short