Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against Variational Omni+0.270%7-day average −0.041% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.320%−$32 · spread now +0.270%, 7d avg −0.041%

Together, before fees−0.320%+ Points / potential airdropVariational Omni: Active · farm board−$32 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: Bybit is 0.312% dearer against Variational Omni than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni EDGE	0.5827	0.0100	pay 0.0050% / 4h	2h 26m	$190K	$130K	—
Short	Bybit EDGEUSDT	0.5843	0.0100	get 0.0050% / 4h	2h 26m	$6.9M	$3.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.270%Rate

Funding earned: $0
Price spread: +0.270% → −0.041%: $31.19
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $20.19
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 62 min ago; Bybit: live order book, 1 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, 62 min ago	4.24 bp	doesn't fit	429.8 bp −$4,298	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.57 bp	114.5 bp −$115	306.7 bp −$3,067	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	−0.0485%	1h	0.5856	+0.487%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5839	+0.205%	$54K	$9K	3x	as long as short
Bybit EDGEUSDTshort	+0.0100%	4h	0.5843	+0.270%	$6.9M	$3.2M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5850	+0.391%	$2.1M	$2.3M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5851	+0.408%	$4.7M	$988K	20x	as long as short
Variational Omni EDGElong	+0.0100%	4h	0.5827	long leg	$190K	$130K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5841	+0.237%	$11K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5843	+0.270%	$6K	$294K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5797	−0.519%	$4K	$603K	10x	as long as short
Aster EDGEUSDT	+0.0250%	4h	0.5848	+0.356%	$67K	$134K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAP	+0.0268%	4h	0.5869	+0.717%	$3.6M	$5.7M	20x	as long as short
MEXC EDGE_USDT	+0.0274%	4h	0.5858	+0.528%	$1.2M	$929K	50x	as long as short
Binance EDGEUSDT	+0.0276%	4h	0.5864	+0.626%	$10.0M	$10.0M	50x	as long as short
edgeX EDGEUSDC	+0.0279%	4h	0.5852	+0.426%	$14.0M	$3.4M	30x	as long as short
Extended EDGE-USD	+0.0280%	1h	0.5858	+0.534%	$26K	$230K	5x	as long as short
BloFin EDGE-USDT	+0.0313%	4h	0.5859	+0.545%	$633K	$125K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0394%	4h	0.5844	+0.288%	$3K	—	10x	as long as short