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: Variational Omni against Bybit+0.211%7-day average +0.033% · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.211%, 7d avg +0.033%

Together, before fees−0.157%+ Points / potential airdropVariational Omni: Active · farm board−$16 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 0.177% dearer against Bybit than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EDGEUSDT	0.5916	0.0100	pay 0.0050% / 4h	3h 49m	$7.1M	$3.3M	25x
Short	Variational Omni EDGE	0.5928	0.0100	get 0.0050% / 4h	3h 49m	$188K	$136K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.211%Rate

Funding earned: $0
Price spread: +0.211% → +0.033%: $17.72
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.72
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	2.52 bp	102.3 bp −$102	376.0 bp −$3,760	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	5.04 bp	doesn't fit	326.0 bp −$3,260	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
Lighter EDGE	+0.0096%	1h	0.5920	+0.071%	$43K	$19K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5916	long leg	$7.1M	$3.3M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5932	+0.270%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5935	+0.321%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5924	+0.130%	$58K	$110K	3.3x	as long as short
Variational Omni EDGEshort	+0.0100%	4h	0.5928	+0.211%	$188K	$136K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5964	+0.818%	$12K	$2.5M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5968	+0.879%	$9K	$305K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6205	+4.885%	$4K	$625K	10x	as long as short
Aster EDGEUSDT	+0.0439%	4h	0.5929	+0.223%	$58K	$152K	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	+0.0449%	4h	0.5940	+0.406%	$656K	$102K	50x	as long as short
Binance EDGEUSDT	+0.0458%	4h	0.5930	+0.242%	$10.2M	$10.4M	50x	as long as short
Extended EDGE-USD	+0.0472%	1h	0.5923	+0.116%	$27K	$198K	5x	as long as short
MEXC EDGE_USDT	+0.0478%	4h	0.5928	+0.203%	$1.0M	$863K	50x	as long as short
edgeX EDGEUSDC	+0.0497%	4h	0.5968	+0.875%	$14.3M	$3.6M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0523%	4h	0.5935	+0.321%	$3.7M	$5.8M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0563%	4h	0.5927	+0.186%	$3K	$359	10x	as long as short