Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Variational Omni+0.267%103s7-day average +0.063% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.094%−$9 · spread now +0.267%, 7d avg +0.063%

Together, before fees−0.093%+ Points / potential airdropVariational Omni: Active · farm board−$9 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: ApeX Omni is 0.204% dearer against Variational Omni than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.063%. The two prices were read 103 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	Variational Omni EDGE	0.5852	0.0100	pay 0.0050% / 4h	2h 07m	$191K	$130K	—
Short	ApeX Omni EDGEUSDT	0.5868	0.0100	get 0.0013% / 1h	7m 50s	$8K	$295K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.267%Rate

Funding earned: $0
Price spread: +0.267% → +0.063%: $20.41
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $10.41
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 16 min ago; ApeX Omni: live order book, 14 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 RFQ quote, 16 min ago	9.38 bp	doesn't fit	449.5 bp −$4,495	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 14 min ago	18.70 bp	187.6 bp −$188	doesn't fit	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	−0.0104%	1h	0.5814	−0.650%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5799	−0.918%	$54K	$10K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5798	−0.929%	$6.8M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5804	−0.826%	$4.6M	$991K	20x	as long as short
Variational Omni EDGElong	+0.0100%	4h	0.5852	long leg	$191K	$130K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5868	+0.262%	$2K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDTshort	+0.0100%	1h	0.5868	+0.267%	$8K	$295K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5778	−1.270%	$3K	$603K	10x	as long as short
KuCoin EDGEUSDTM	+0.0132%	4h	0.5811	−0.707%	$2.0M	$2.3M	50x	as long as short
Aster EDGEUSDT	+0.0364%	4h	0.5808	−0.751%	$67K	$135K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0376%	1h	0.5813	−0.677%	$26K	$230K	5x	as long as short
Binance EDGEUSDT	+0.0380%	4h	0.5819	−0.570%	$9.9M	$10.0M	50x	as long as short
MEXC EDGE_USDT	+0.0384%	4h	0.5819	−0.570%	$1.1M	$938K	50x	as long as short
edgeX EDGEUSDC	+0.0420%	4h	0.5866	+0.227%	$14.0M	$3.4M	30x	as long as short
BloFin EDGE-USDT	+0.0430%	4h	0.5868	+0.267%	$633K	$125K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0433%	4h	0.5811	−0.707%	$3.5M	$5.7M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0448%	4h	0.5805	−0.809%	$3K	—	10x	as long as short