Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h —

Price spread now: Variational Omni against Extended+0.106%7-day average — · you sell dearer than you buy

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

The price spread pays, funding is against you. Variational Omni is 0.106% dearer against Extended than usual: you sell high and buy low (spread +0.106% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.8 days.

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	4m 12s	—	—	10x
Short	Variational Omni COST	899.20	0	get 0.0000% / 8h	5h 04m	$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

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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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.106%Rate

Funding earned: −$8.4
Price spread: +0.106% → 0.000%: $10.57
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: −$2.83
Costs to cover: 0.050%
Break-even: from the start

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	899.14	+0.099%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.18	+0.104%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.95	+0.189%	$447K	$109K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.16	+0.101%	$520K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	899.18	+0.104%	$403K	$77K	25x	as long as short
Variational Omni COSTshort	0.0000%	8h	899.20	+0.106%	$42K	$17K	—
SunX COST-USDT	0.0000%	8h	899.20	+0.106%	$1K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.06	+0.313%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0005%	1h	899.23	+0.109%	$1.1M	$2.8M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.698%	$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-USDlong	+0.0040%	1h	898.25	long leg	—	—	10x
Vest COST-USD-PERP	+0.0046%	1h	898.81	+0.062%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	899.14	+0.099%	$1.8M	$514K	20x	as long as short
Binance COSTUSDT	+0.0083%	8h	899.60	+0.150%	$1.1M	$926K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.60	+0.039%	$48K	$875K	20x	as long as short