Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.038%

Price spread now: Variational Omni against SunX+0.048%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 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 · 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 0.048% dearer against SunX than usual: you sell high and buy low, +$5 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	898.80	0	get 0.0000% / 8h	4h 39m	$2K	$2.9M	10x
Short	Variational Omni COST	899.23	0	get 0.0000% / 8h	4h 39m	$41K	$17K	—

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 +0.048%Rate

Funding earned: $0
Price spread: +0.048% → 0.000%: $4.77
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.23
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 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, 8 min ago	500.50 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	899.18	+0.042%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.45	+0.072%	$491K	$219K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	898.81	+0.001%	$447K	$109K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.35	+0.061%	$521K	$7K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	899.12	+0.036%	$403K	$77K	25x	as long as short
Variational Omni COSTshort	0.0000%	8h	899.23	+0.048%	$41K	$17K	—
SunX COST-USDTlong	0.0000%	8h	898.80	long leg	$2K	$2.9M	10x
HTX COST-USDT	0.0000%	8h	900.44	+0.182%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0004%	1h	899.25	+0.050%	$1.1M	$2.7M	10x	as long as short
Binance COSTUSDT	+0.0019%	8h	899.36	+0.062%	$1.1M	$931K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.759%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.061%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.75	−0.006%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.65	−0.017%	$1.8M	$518K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.60	−0.022%	$48K	$878K	20x	as long as short