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: SunX against Variational Omni−0.083%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 SunX

What this pair did over the last

the charts below follow

Funding, last 4 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: SunX is 0.083% cheaper against Variational Omni than usual: you would sell low and buy high, −$8 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	Variational Omni COST	900.95	0	get 0.0000% / 8h	3h 06m	$41K	$13K	—
Short	SunX COST-USDT	900.20	0	get 0.0000% / 8h	3h 06m	$2K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Variational Omni. 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 Variational OmnibpFee SunXbpOrdersPrice spread, now −0.083%Rate

Funding earned: $0
Price spread: −0.083% → 0.000%: −$8.29
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$16.29
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; SunX: live order book, 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 Variational Omni no order-book sample	—	—	—	—	—
Sell SunX live order book, 11 min ago	500.06 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	901.56	+0.068%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	901.58	+0.070%	$1.1M	$958K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	901.54	+0.066%	$491K	$221K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	901.38	+0.048%	$441K	$117K	10x	as long as short
Gate COST_USDT	0.0000%	8h	901.12	+0.019%	$522K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	901.65	+0.078%	$403K	$78K	25x	as long as short
Variational Omni COSTlong	0.0000%	8h	900.95	long leg	$41K	$13K	—
SunX COST-USDTshort	0.0000%	8h	900.20	−0.083%	$2K	$2.9M	10x
HTX COST-USDT	0.0000%	8h	902.48	+0.170%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0009%	1h	901.36	+0.046%	$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	−0.995%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.299%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	901.41	+0.051%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	901.09	+0.016%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	900.50	−0.050%	$48K	$893K	20x	as long as short