Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.038%

Price spread now: Variational Omni against SunX+0.020%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.020% dearer against SunX than usual: you sell high and buy low, +$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX COST-USDT	902.70	0	get 0.0000% / 8h	7h 20m	$2K	$2.7M	10x
Short	Variational Omni COST	902.88	0	get 0.0000% / 8h	7h 20m	$40K	$14K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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 SunXbpFee Variational OmnibpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → 0.000%: $2.04
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$5.96
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; 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 SunX live order book, 7 min ago	500.83 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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	902.74	+0.005%	$45K	$133	20x	as long as short
Binance COSTUSDT	0.0000%	8h	903.02	+0.035%	$1.1M	$994K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	902.85	+0.017%	$491K	$91K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	903.73	+0.114%	$442K	$120K	10x	as long as short
Gate COST_USDT	0.0000%	8h	902.84	+0.016%	$523K	$9K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.43	−0.030%	$411K	$81K	25x	as long as short
Variational Omni COSTshort	0.0000%	8h	902.88	+0.020%	$40K	$14K	—
SunX COST-USDTlong	0.0000%	8h	902.70	long leg	$2K	$2.7M	10x
HTX COST-USDT	0.0000%	8h	904.79	+0.232%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.188%	$2K	$28K	12x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended COST-USD	+0.0040%	1h	902.08	−0.068%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.51	−0.021%	—	—	25x	as long as short
QFEX COST-USD	+0.0046%	1h	902.67	−0.003%	$1.1M	$2.4M	10x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	902.70	0.000%	$1.8M	$510K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	902.40	−0.033%	$47K	$949K	20x	as long as short