Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0290%/8h= +31.8% APRpaid last 24h —

Price spread now: Variational Omni against Extended−0.028%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Variational Omni is 0.028% cheaper against Extended than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended COST-USD	898.25	0.0040	pay 0.0005% / 1h	24m 52s	—	—	10x
Short	Variational Omni COST	898.00	0.0330	get 0.0330% / 8h	7h 24m	$42K	$17K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now −0.028%Rate

Funding earned: $60.99
Price spread: −0.028% → 0.000%: −$2.77
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $53.22
Costs to cover: 0.050%
Break-even: 0.9 days

Slippage unknown: Extended: no order-book sample; Variational Omni: no order-book sample. 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 Extended no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Extended and 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.

COST 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
Aster COSTUSDT	0.0000%	8h	898.25	0.000%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.47	+0.024%	$491K	$218K	25x	as long as short
Gate COST_USDT	0.0000%	8h	898.51	+0.029%	$523K	$7K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	898.07	−0.020%	$403K	$111K	25x	as long as short
SunX COST-USDT	0.0000%	8h	897.60	−0.072%	$2K	$3.1M	10x	as long as short
HTX COST-USDT	0.0000%	8h	899.81	+0.174%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0017%	1h	897.97	−0.031%	$1.1M	$3.1M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.698%	$2K	$28K	12x	as long as short
Extended COST-USDlong	+0.0040%	1h	898.25	long leg	—	—	10x
Vest COST-USD-PERP	+0.0046%	1h	897.77	−0.053%	—	—	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:COST	+0.0050%	1h	897.61	−0.071%	$1.8M	$532K	20x	as long as short
OKX COST-USDT-SWAP	+0.0060%	8h	898.51	+0.029%	$443K	$134K	10x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	897.30	−0.106%	$47K	$857K	20x	as long as short
Variational Omni COSTshort	+0.0330%	8h	898.00	−0.028%	$42K	$17K	—
Binance COSTUSDT	+0.0485%	8h	898.17	−0.009%	$1.1M	$959K	20x	as long as short