Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h —

Price spread now: Extended against Variational Omni−0.093%7-day average — · you buy dearer than you sell

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 pays, the price is against you. Extended is 0.093% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 7.7 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni COST	898.95	0	get 0.0000% / 8h	3h 31m	$44K	$18K	—
Short	Extended COST-USD	898.12	0.0040	get 0.0005% / 1h	31m 00s	—	—	10x

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 −0.093%Rate

Funding earned: $8.4
Price spread: −0.093% → 0.000%: −$9.27
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: −$5.87
Costs to cover: 0.050%
Break-even: 11.9 days

Slippage unknown: Variational Omni: no order-book sample; Extended: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Extended no order-book sample	—	—	—	—	—

Variational Omni and Extended: 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	898.02	−0.104%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	899.27	+0.036%	$1.1M	$962K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.07	+0.014%	$472K	$192K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.42	+0.052%	$431K	$136K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.18	+0.026%	$523K	$26K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	898.81	−0.015%	$398K	$125K	25x	as long as short
Variational Omni COSTlong	0.0000%	8h	898.95	long leg	$44K	$18K	—
SunX COST-USDT	0.0000%	8h	898.10	−0.094%	$1K	$3.3M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.55	+0.178%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0019%	1h	899.27	+0.036%	$1.1M	$2.5M	10x	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	−0.775%	$2K	$28K	12x	as long as short
Extended COST-USDshort	+0.0040%	1h	898.12	−0.093%	—	—	10x
Vest COST-USD-PERP	+0.0046%	1h	898.59	−0.040%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.61	−0.038%	$1.8M	$536K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.00	−0.106%	$41K	$894K	20x	as long as short