Funding arb · Price arb /

KMNO

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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 +0.023%

Price spread now: MEXC against Variational Omni+0.162%7-day average +0.073% · 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)−0.008%−$1 on $10k

Price spread, last 3 days (all we have)+0.008%+$1 · spread now +0.162%, 7d avg +0.073%

Together, before fees0.000%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.090% dearer against Variational Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni KMNO	0.03401	0.0100	pay 0.0050% / 4h	2h 49m	$27K	$116K	—
Short	MEXC KMNO_USDT	0.03407	0.0100	get 0.0050% / 4h	2h 49m	$1.0M	$1.1M	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 +0.162%Rate

Funding earned: $0
Price spread: +0.162% → +0.073%: $8.95
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: $4.95
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 20 min ago; MEXC: live order book, 2 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 RFQ quote, 20 min ago	8.70 bp	doesn't fit	289.9 bp −$2,899	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.94 bp	11.7 bp −$12	33.6 bp −$336	195.0 bp −$19.5K	doesn't fit

KMNO on 10 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
Binance KMNOUSDT	+0.0100%	4h	0.03407	+0.167%	$3.5M	$32.5M	50x	as long as short
Bybit KMNOUSDT	+0.0100%	4h	0.03403	+0.045%	$1.6M	$4.8M	25x	as long as short
OKX KMNO-USDT-SWAP	+0.0100%	4h	0.03403	+0.045%	$623K	$12.0M	20x	as long as short
Gate KMNO_USDT	+0.0100%	4h	0.03410	+0.251%	$135K	$369K	50x	as long as short
MEXC KMNO_USDTshort	+0.0100%	4h	0.03407	+0.162%	$1.0M	$1.1M	125x
Bitget KMNOUSDT	+0.0100%	4h	0.03410	+0.251%	$913K	$3.3M	50x	as long as short
BingX KMNO-USDT	+0.0100%	4h	0.03406	+0.133%	—	$1.5M	—	as long as short
Variational Omni KMNOlong	+0.0100%	4h	0.03401	long leg	$27K	$116K	—
BloFin KMNO-USDT	+0.0112%	4h	0.03406	+0.133%	$136K	$75K	50x	as long as short
Backpack KMNO_USDC_PERP	+0.0971%	1h	0.03411	+0.295%	$87K	$67K	5x	as long as short