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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bitget−0.447%7-day average −0.011% · you buy dearer than you sell

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.727%+$73 · spread now −0.447%, 7d avg −0.011%

Together, before fees+0.727%+ Points / potential airdropVariational Omni: Active · farm board+$73 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: Variational Omni is 0.436% cheaper against Bitget than usual: you would sell low and buy high, −$44 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EDGEUSDT	0.5969	0.0100	pay 0.0050% / 4h	3h 22m	$4.7M	$1.2M	20x
Short	Variational Omni EDGE	0.5942	0.0100	get 0.0050% / 4h	3h 22m	$188K	$145K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now −0.447%Rate

Funding earned: $0
Price spread: −0.447% → −0.011%: −$43.55
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$55.55
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 min ago; Variational Omni: RFQ quote, 11 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 Bitget live order book, 5 min ago	5.03 bp	32.8 bp −$33	607.5 bp −$6,075	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 11 min ago	4.17 bp	doesn't fit	336.4 bp −$3,364	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
Lighter EDGE	+0.0096%	1h	0.5989	+0.328%	$44K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5987	+0.302%	$7.3M	$3.4M	25x	as long as short
Bitget EDGEUSDTlong	+0.0100%	4h	0.5969	long leg	$4.7M	$1.2M	20x
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5993	+0.404%	$59K	$121K	3.3x	as long as short
Variational Omni EDGEshort	+0.0100%	4h	0.5942	−0.447%	$188K	$145K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5961	−0.135%	$8K	$3.3M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5969	0.000%	$9K	$296K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5948	−0.352%	$3K	$649K	10x	as long as short
KuCoin EDGEUSDTM	+0.0208%	4h	0.5984	+0.251%	$2.1M	$2.2M	50x	as long as short
Aster EDGEUSDT	+0.0420%	4h	0.5987	+0.306%	$52K	$150K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0517%	4h	0.5963	−0.098%	$14.4M	$3.7M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0555%	4h	0.5998	+0.486%	$3.8M	$6.2M	20x	as long as short
MEXC EDGE_USDT	+0.0590%	4h	0.5994	+0.419%	$1.1M	$720K	50x	as long as short
Binance EDGEUSDT	+0.0591%	4h	0.5993	+0.402%	$10.4M	$11.1M	50x	as long as short
Extended EDGE-USD	+0.0592%	1h	0.5990	+0.351%	$27K	$270K	5x	as long as short
BloFin EDGE-USDT	+0.0648%	4h	0.5983	+0.235%	$676K	$106K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0682%	4h	0.5990	+0.352%	$2K	$1K	10x	as long as short