Funding arb · Price arb /

IO

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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 0.000%

Price spread now: MEXC against Variational Omni−0.088%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 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 0.088% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 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 IO	0.1507	0.0100	pay 0.0050% / 4h	30m 05s	$30K	$5K	—
Short	MEXC IO_USDT	0.1506	0.0100	get 0.0050% / 4h	30m 05s	$1.1M	$228K	125x

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 −0.088%Rate

Funding earned: $0
Price spread: −0.088% → 0.000%: −$8.8
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$12.8
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; MEXC: live order book, 1 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, 1 min ago	6.64 bp	20.3 bp −$20	162.3 bp −$1,623	278.5 bp −$27.9K	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.

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	−0.0159%	1h	0.1515	+0.509%	$2K	$104	5.5x	as long as short
BloFin IO-USDT	+0.0080%	4h	0.1511	+0.244%	$194K	$31K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1507	−0.002%	$1.0M	$388K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1509	+0.091%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1508	+0.032%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1505	−0.121%	$1.1M	$877K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1507	+0.005%	$243K	$549K	50x	as long as short
MEXC IO_USDTshort	+0.0100%	4h	0.1506	−0.088%	$1.1M	$228K	125x
KuCoin IOUSDTM	+0.0100%	4h	0.1507	−0.022%	$383K	$668K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1509	+0.111%	$1.3M	$1.2M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDT	+0.0100%	4h	0.1507	−0.022%	—	$1.3M	—	as long as short
Variational Omni IOlong	+0.0100%	4h	0.1507	long leg	$30K	$5K	—
Extended IO-USD	+0.0104%	1h	0.1508	+0.029%	$5K	$171K	5x	as long as short
Kraken Futures PF_IOUSD	+1.2632%	1h	0.1510	+0.163%	$39K	$19K	10x	as long as short