Funding arb · Price arb /

2Z

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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: Variational Omni against MEXC−0.228%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 0.228% cheaper against MEXC than usual: you would sell low and buy high, −$23 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	MEXC 2Z_USDT	0.05237	0.0100	pay 0.0050% / 4h	27m 33s	$293K	$126K	50x
Short	Variational Omni 2Z	0.05225	0.0100	get 0.0050% / 4h	27m 33s	$33K	$29K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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 MEXCbpFee Variational OmnibpOrdersPrice spread, now −0.228%Rate

Funding earned: $0
Price spread: −0.228% → 0.000%: −$22.75
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$26.75
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 12 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 MEXC live order book, 12 min ago	7.68 bp	15.0 bp −$15	65.1 bp −$651	264.2 bp −$26.4K	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.

2Z 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
Backpack 2Z_USDC_PERP	−0.0669%	1h	0.05227	−0.191%	$46K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.907%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05241	+0.076%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05232	−0.101%	$675K	$367K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05236	−0.011%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05232	−0.097%	$75K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05229	−0.144%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05236	−0.019%	$691K	$978K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05232	−0.095%	$450K	$722K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05231	−0.115%	$91K	$65K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDTlong	+0.0100%	4h	0.05237	long leg	$293K	$126K	50x
KuCoin 2ZUSDTM	+0.0100%	4h	0.05233	−0.086%	$193K	$53K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05229	−0.153%	$156K	$634K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05237	0.000%	—	$6.5M	—	as long as short
Variational Omni 2Zshort	+0.0100%	4h	0.05225	−0.228%	$33K	$29K	—
SunX 2Z-USDT	+0.0100%	4h	0.05234	−0.057%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.0798%	1h	0.05236	−0.023%	$5K	$3K	10x	as long as short