Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against ApeX Omni+0.048%88s7-day average −0.083% · you sell dearer than you buy

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.183%−$18 · spread now +0.048%, 7d avg −0.083%

Together, before fees−0.185%+ Points / potential airdropVariational Omni: Active · farm board−$19 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 0.131% dearer against ApeX Omni than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.083%. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni EDGEUSDT	0.6018	0.0100	pay 0.0013% / 1h	6m 08s	$9K	$295K	50x
Short	Variational Omni EDGE	0.6021	0.0100	get 0.0050% / 4h	1h 06m	$190K	$144K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX Omni. 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 ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → −0.083%: $13.06
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $3.06
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 36 min ago; Variational Omni: RFQ quote, 38 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 ApeX Omni live order book, 36 min ago	14.15 bp	176.0 bp −$176	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 38 min ago	8.33 bp	doesn't fit	446.4 bp −$4,464	doesn't fit	doesn't fit

EDGE on 17 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
Backpack EDGE_USDC_PERP	−0.0202%	1h	0.5998	−0.334%	$57K	$122K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5990	−0.460%	$44K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5993	−0.415%	$7.2M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.6008	−0.166%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.6003	−0.249%	$4.8M	$1.1M	20x	as long as short
Variational Omni EDGEshort	+0.0100%	4h	0.6021	+0.048%	$190K	$144K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6010	−0.133%	$4K	$3.0M	10x	as long as short
ApeX Omni EDGEUSDTlong	+0.0100%	1h	0.6018	long leg	$9K	$295K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5960	−0.964%	$3K	$642K	10x	as long as short
Aster EDGEUSDT	+0.0322%	4h	0.6003	−0.244%	$53K	$155K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0456%	4h	0.6006	−0.199%	$663K	$107K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0458%	4h	0.6007	−0.183%	$3.8M	$6.1M	20x	as long as short
Binance EDGEUSDT	+0.0487%	4h	0.6005	−0.222%	$10.3M	$10.8M	50x	as long as short
Extended EDGE-USD	+0.0488%	1h	0.6002	−0.269%	$27K	$83K	5x	as long as short
edgeX EDGEUSDC	+0.0490%	4h	0.6022	+0.066%	$14.4M	$3.7M	30x	as long as short
MEXC EDGE_USDT	+0.0498%	4h	0.6003	−0.249%	$1.1M	$807K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0630%	4h	0.6001	−0.282%	$3K	$1K	10x	as long as short