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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Variational Omni+0.218%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

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 airdropVariational Omni: Active · Extended: 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: Extended is 0.218% dearer against Variational Omni than usual: you sell high and buy low, +$22 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	Variational Omni BASED	0.06810	0.0100	pay 0.0050% / 4h	30m 02s	$93K	$21K	—
Short	Extended BASED-USD	0.06825	0.0104	get 0.0013% / 1h	30m 02s	$5K	$226K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. 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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now +0.218%Rate

Funding earned: $0.84
Price spread: +0.218% → 0.000%: $21.75
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $17.59
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Extended: live order book, 47 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 no order-book sample	—	—	—	—	—
Sell Extended live order book, 47 min ago	1.03 bp	57.2 bp −$57	299.5 bp −$2,995	doesn't fit	doesn't fit

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.

BASED 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
Binance BASEDUSDT	+0.0100%	4h	0.06827	+0.246%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06821	+0.158%	$2.1M	$584K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06824	+0.202%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06821	+0.158%	$542K	$534K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06826	+0.232%	$4.8M	$644K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06823	+0.188%	$572K	$80K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06825	+0.217%	$1.3M	$369K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06818	+0.114%	—	$1.7M	—	as long as short
Variational Omni BASEDlong	+0.0100%	4h	0.06810	long leg	$93K	$21K	—
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06820	+0.144%	$89K	$363K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06819	+0.129%	$2K	$820K	20x	as long as short
Extended BASED-USDshort	+0.0104%	1h	0.06825	+0.218%	$5K	$226K	5x
BloFin BASED-USDT	+0.0158%	4h	0.06823	+0.188%	$252K	$41K	25x	as long as short
Aster BASEDUSDT	+0.0285%	4h	0.06822	+0.176%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0340%	4h	0.06826	+0.232%	$3K	$652	10x	as long as short