Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Variational Omni+0.004%7-day average — · 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 4 days (all we have)—no history yet

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

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BASED	0.06839	0.0100	pay 0.0050% / 4h	3h 10m	$94K	$14K	—
Short	SunX BASED-USDT	0.06839	0.0100	get 0.0050% / 4h	3h 10m	$1K	$903K	20x

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

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 Variational OmnibpFee SunXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → 0.000%: $0.39
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$7.61
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; SunX: live order book, 2 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 no order-book sample	—	—	—	—	—
Sell SunX live order book, 2 min ago	501.28 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	0.06861	+0.326%	$261K	$49K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06844	+0.084%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06847	+0.114%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06834	−0.069%	$2.1M	$693K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06843	+0.062%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06841	+0.033%	$538K	$594K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06848	+0.135%	$4.9M	$540K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06854	+0.223%	$581K	$71K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06843	+0.062%	$1.3M	$358K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06844	+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 BASEDlong	+0.0100%	4h	0.06839	long leg	$94K	$14K	—
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06859	+0.295%	$96K	$395K	10x	as long as short
SunX BASED-USDTshort	+0.0100%	4h	0.06839	+0.004%	$1K	$903K	20x
Extended BASED-USD	+0.0104%	1h	0.06844	+0.076%	$2K	$195K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0261%	4h	0.06846	+0.106%	$3K	$664	10x	as long as short