Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: KuCoin against Variational Omni+0.092%7-day average +0.036% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.332%−$33 · spread now +0.092%, 7d avg +0.036%

Together, before fees−0.329%+ Points / potential airdropVariational Omni: Active · farm board−$33 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: KuCoin is 0.056% dearer against Variational Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni EDGE	0.5872	0.0100	pay 0.0050% / 4h	2h 45m	$190K	$126K	—
Short	KuCoin EDGEUSDTM	0.5877	0.0100	get 0.0050% / 4h	2h 45m	$2.1M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.036%: $5.59
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$6.41
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 23 min ago; KuCoin: live order book, 6 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, 23 min ago	7.48 bp	doesn't fit	335.0 bp −$3,350	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	4.25 bp	152.5 bp −$153	903.4 bp −$9,034	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	0.5871	−0.012%	$49K	$13K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5869	−0.044%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTMshort	+0.0100%	4h	0.5877	+0.092%	$2.1M	$2.2M	50x
Bitget EDGEUSDT	+0.0100%	4h	0.5878	+0.109%	$4.7M	$1.0M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5880	+0.143%	$59K	$102K	3.3x	as long as short
Variational Omni EDGElong	+0.0100%	4h	0.5872	long leg	$190K	$126K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5888	+0.279%	$2K	$1.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5899	+0.467%	$12K	$301K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5852	−0.334%	$3K	$619K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0401%	4h	0.5883	+0.194%	$3.6M	$5.7M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0408%	4h	0.5901	+0.494%	$14.1M	$3.6M	30x	as long as short
Aster EDGEUSDT	+0.0502%	4h	0.5891	+0.326%	$68K	$132K	5x	as long as short
BloFin EDGE-USDT	+0.0503%	4h	0.5887	+0.262%	$655K	$97K	50x	as long as short
Extended EDGE-USD	+0.0528%	1h	0.5875	+0.058%	$27K	$188K	5x	as long as short
Binance EDGEUSDT	+0.0529%	4h	0.5879	+0.126%	$10.0M	$10.4M	50x	as long as short
MEXC EDGE_USDT	+0.0534%	4h	0.5879	+0.126%	$1.1M	$910K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0762%	4h	0.5883	+0.194%	$3K	—	10x	as long as short