Funding arb · Price arb /

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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 0.000%

Price spread now: Variational Omni against MEXC+0.112%7-day average — · you sell dearer than you buy

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 0.112% dearer against MEXC than usual: you sell high and buy low, +$11 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 IO_USDT	0.1524	0.0100	pay 0.0050% / 4h	1h 15m	$1.2M	$228K	125x
Short	Variational Omni IO	0.1526	0.0100	get 0.0050% / 4h	1h 15m	$33K	$13K	—

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 +0.112%Rate

Funding earned: $0
Price spread: +0.112% → 0.000%: $11.17
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $7.17
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 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, 1 min ago	6.56 bp	22.7 bp −$23	168.8 bp −$1,688	306.1 bp −$30.6K	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.

IO 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 IO/USDC PERP	−0.0430%	1h	0.1530	+0.394%	$2K	$202	5.5x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1525	+0.098%	$1.0M	$378K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1526	+0.137%	$24K	$49K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1525	+0.083%	$3.0M	$6.6M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1524	0.000%	$1.1M	$919K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1524	−0.026%	$234K	$562K	50x	as long as short
MEXC IO_USDTlong	+0.0100%	4h	0.1524	long leg	$1.2M	$228K	125x
KuCoin IOUSDTM	+0.0100%	4h	0.1525	+0.066%	$357K	$658K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1529	+0.328%	$1.4M	$1.3M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1526	+0.131%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IOshort	+0.0100%	4h	0.1526	+0.112%	$33K	$13K	—
BloFin IO-USDT	+0.0101%	4h	0.1527	+0.197%	$194K	$39K	50x	as long as short
Extended IO-USD	+0.0104%	1h	0.1525	+0.057%	$2K	$130K	5x	as long as short
Kraken Futures PF_IOUSD	+2.3279%	1h	0.1526	+0.112%	$39K	$18K	10x	as long as short