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 0.000%

Price spread now: Variational Omni against SunX−2.118%7-day average −2.164% · you buy dearer than you sell

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 4 days (all we have)+0.191%+$19 · spread now −2.118%, 7d avg −2.164%

Together, before fees+0.181%+ Points / potential airdropVariational Omni: Active · farm board+$18 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: Variational Omni is 0.046% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −2.164%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPK-USDT	0.02213	0.0100	pay 0.0050% / 4h	4m 21s	$888	$1.2M	20x
Short	Variational Omni SPK	0.02166	0.0100	get 0.0050% / 4h	4m 21s	$176K	$76K	—

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

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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 SunXbpFee Variational OmnibpOrdersPrice spread, now −2.118%Rate

Funding earned: $0
Price spread: −2.118% → −2.164%: $4.58
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.42
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 min ago; Variational Omni: RFQ quote, 55 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 SunX live order book, 9 min ago	275.02 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 55 min ago	11.61 bp	doesn't fit	151.0 bp −$1,510	doesn't fit	doesn't fit

SPK on 14 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
Gate SPK_USDT	−0.0122%	4h	0.02169	−1.988%	$150K	$136K	50x	as long as short
Aster SPKUSDT	−0.0052%	4h	0.02168	−2.033%	$16K	$76K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02165	−2.166%	$3.7M	$5.6M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02166	−2.142%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02165	−2.169%	$764K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02166	−2.124%	$2.1M	$644K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02166	−2.124%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02167	−2.079%	—	$2.3M	—	as long as short
Variational Omni SPKshort	+0.0100%	4h	0.02166	−2.118%	$176K	$76K	—
SunX SPK-USDTlong	+0.0100%	4h	0.02213	long leg	$888	$1.2M	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SPK-USD	+0.0104%	1h	0.02164	−2.195%	$2K	$140K	5x	as long as short
BloFin SPK-USDT	+0.0111%	4h	0.02169	−1.988%	$187K	$30K	50x	as long as short
KuCoin SPKUSDTM	+0.0766%	4h	0.02176	−1.672%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2090%	1h	0.02168	−2.015%	$23K	$25K	10x	as long as short