Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: MEXC against Variational Omni+0.235%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on MEXC

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: MEXC is 0.235% dearer against Variational Omni than usual: you sell high and buy low, +$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	Variational Omni H	0.06887	0.0100	pay 0.0050% / 4h	1h 43m	$8K	$10K	—
Short	MEXC H_USDT	0.06903	0.0100	get 0.0050% / 4h	1h 43m	$6.2M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.235%Rate

Funding earned: $0
Price spread: +0.235% → 0.000%: $23.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: $19.46
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	0.72 bp	13.9 bp −$14	59.1 bp −$591	136.9 bp −$13.7K	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.

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.247%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06897	+0.143%	$114K	$52K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06897	+0.147%	$14.8M	$10.6M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06886	−0.012%	$7.5M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06903	+0.235%	$1.7M	$5.8M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06892	+0.075%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDTshort	+0.0100%	4h	0.06903	+0.235%	$6.2M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06893	+0.089%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06891	+0.060%	$1.7M	$456K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06894	+0.104%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni Hlong	+0.0100%	4h	0.06887	long leg	$8K	$10K	—
GRVT H_USDT_Perp	+0.0100%	4h	0.06898	+0.160%	$1.1M	$466K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06901	+0.202%	$11K	$107K	5x	as long as short
BloFin H-USDT	+0.0151%	4h	0.06903	+0.235%	$580K	$116K	25x	as long as short