Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0312%/8h= −34.1% APRpaid last 24h −0.032%

Price spread now: Variational Omni against edgeX−0.310%7-day average −0.006% · you buy dearer than you sell

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.047%−$5 on $10k

Price spread, last 3 days (all we have)+0.139%+$14 · spread now −0.310%, 7d avg −0.006%

Together, before fees+0.092%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Variational Omni is 0.304% cheaper against edgeX than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.047% in total (about -5.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ARBUSDC	0.2249	0.0100	pay 0.0050% / 4h	3h 35m	$40K	$461K	20x
Short	Variational Omni ARB	0.2242	−0.0212	pay 0.0212% / 8h	7h 35m	$1.9M	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against edgeX. 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

Position, each leg$Hold fordaysFee edgeXbpFee Variational OmnibpOrdersPrice spread, now −0.310%Rate

Funding earned: −$65.43
Price spread: −0.310% → −0.006%: −$30.4
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$104.82
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 38 min ago; Variational Omni: RFQ quote, 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 edgeX live order book, 38 min ago	13.23 bp	21.7 bp −$22	82.9 bp −$829	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	4.45 bp	doesn't fit	17.8 bp −$178	doesn't fit	doesn't fit

ARB on 36 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
Injective ARB/USDC PERP	−0.1666%	1h	0.2233	−0.706%	$40K	$372K	12x	as long as short
Variational Omni ARBshort	−0.0212%	8h	0.2242	−0.310%	$1.9M	$2.8M	—
Bybit ARBUSDT	−0.0200%	8h	0.2243	−0.284%	$57.9M	$126.5M	50x	as long as short
01 Exchange ARBUSD	−0.0144%	1h	0.2241	−0.337%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0139%	1h	0.2245	−0.151%	$1.1M	$4.9M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0119%	8h	0.2243	−0.266%	$22.5M	$156.2M	50x	as long as short
MEXC ARB_USDT	−0.0118%	8h	0.2240	−0.395%	$38.3M	$59.0M	200x	as long as short
SoDEX ARB-USD	−0.0074%	1h	0.2243	−0.270%	$4K	$2.5M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0045%	8h	0.2244	−0.217%	$12K	$386K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0017%	1h	0.2244	−0.235%	$25K	$34K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0009%	8h	0.2244	−0.221%	$66.1M	$310.5M	75x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2242	−0.309%	$359K	$3.3M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2242	−0.298%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2245	−0.187%	$55K	—	150x	as long as short
Phemex ARBUSDT	+0.0015%	8h	0.2243	−0.261%	$5.1M	$13.0M	50x	as long as short
BingX ARB-USDC	+0.0059%	8h	0.2242	−0.310%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0066%	8h	0.2244	−0.217%	$21.3M	$35.8M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2244	−0.205%	$142K	$7K	3x	as long as short
Gate ARB_USDT	+0.0093%	8h	0.2244	−0.208%	$5.4M	$19.8M	60x	as long as short
Lighter ARB	+0.0096%	1h	0.2243	−0.252%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2243	−0.252%	$40.5M	$47.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2244	−0.235%	$697K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2243	−0.270%	$44K	$186K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2242	−0.324%	$19.5M	$15.9M	75x	as long as short
edgeX ARBUSDClong	+0.0100%	4h	0.2249	long leg	$40K	$461K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2250	+0.050%	$482K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2248	−0.039%	$121K	$296K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2241	−0.341%	$65K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2243	−0.261%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2246	−0.106%	$292K	$1.0M	50x	as long as short
BloFin ARB-USDT	+0.0110%	8h	0.2243	−0.252%	$3.1M	$2.8M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2253	+0.183%	$507K	$2.2M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0288% / S −0.0177%	1h	0.2245	−0.176%	$894K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2240	−0.387%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2243	−0.241%	$513K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0464%	1h	0.2246	−0.132%	$1.0M	$2.8M	20x	as long as short