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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Variational Omni against Extended+0.290%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.290% dearer against Extended than usual: you sell high and buy low, +$29 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BASED-USD	0.06789	0.0104	pay 0.0013% / 1h	51m 31s	$3K	$200K	5x
Short	Variational Omni BASED	0.06809	0.0100	get 0.0050% / 4h	51m 31s	$94K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.290%Rate

Funding earned: −$0.84
Price spread: +0.290% → 0.000%: $28.96
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $23.12
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 5 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 5 min ago	1.54 bp	17.1 bp −$17	222.9 bp −$2,229	doesn't fit	doesn'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.

BASED on 15 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
BloFin BASED-USDT	+0.0076%	4h	0.06797	+0.115%	$260K	$47K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06790	+0.011%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06792	+0.042%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06777	−0.180%	$2.1M	$692K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06788	−0.018%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06782	−0.106%	$532K	$579K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06785	−0.062%	$4.8M	$591K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06790	+0.012%	$566K	$72K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06793	+0.056%	$1.3M	$360K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06784	−0.077%	—	$1.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASEDshort	+0.0100%	4h	0.06809	+0.290%	$94K	$15K	—
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06796	+0.103%	$94K	$380K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06780	−0.136%	$1K	$886K	20x	as long as short
Extended BASED-USDlong	+0.0104%	1h	0.06789	long leg	$3K	$200K	5x
Orderly PERP_BASED_USDC	+0.0233%	4h	0.06785	−0.062%	$3K	$664	10x	as long as short