Funding arb · Price arb /

MOG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.3121%/8h= +341.7% APRpaid last 24h −0.403%

Price spread now: Variational Omni against Deribit+0.188%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 2 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

Both sides work for this trade now. Funding pays +$94 a day on $10k at the current rate, and Variational Omni is 0.188% dearer against Deribit than usual: you sell high and buy low: +$19 more if the spread 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	Deribit 1000MOG_USDC-PERPETUAL	0.0000001219	−0.3021	get 0.0378% / 1h	38m 54s	$32K	$30K	10x
Short	Variational Omni 1000000MOG	0.0000001221	0.0100	get 0.0050% / 4h	1h 38m	$7K	$14K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 DeribitbpFee Variational OmnibpOrdersPrice spread, now +0.188%Rate

Funding earned: $655.34
Price spread: +0.188% → 0.000%: $18.76
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $667.09
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Deribit and 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.

MOG on 12 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
Deribit 1000MOG_USDC-PERPETUALlong	−0.3021%	1h	0.0000001219	long leg	$32K	$30K	10x
Binance 1000000MOGUSDT	+0.0100%	4h	0.0000001217	−0.132%	$1.2M	$4.1M	50x	as long as short
Bybit 1000000MOGUSDT	+0.0100%	4h	0.0000001220	+0.082%	$1.7M	$2.4M	50x	as long as short
Gate MOG_USDT	+0.0100%	4h	0.0000001216	−0.246%	$448K	$350K	25x	as long as short
MEXC 1000000MOG_USDT	+0.0100%	4h	0.0000001217	−0.164%	$718K	$234K	100x	as long as short
Bitget 1000000MOGUSDT	+0.0100%	4h	0.0000001217	−0.164%	$342K	$162K	50x	as long as short
Variational Omni 1000000MOGshort	+0.0100%	4h	0.0000001221	+0.188%	$7K	$14K	—
Coinbase International 1000MOG-PERP-INTX	+0.0104%	1h	0.0000001221	+0.164%	$67K	$10K	25x	as long as short
BloFin 1000000MOG-USDT	+0.0127%	4h	0.0000001220	+0.082%	$77K	$22K	50x	as long as short
BingX 1000000MOG-USDT	+0.0200%	4h	0.0000001217	−0.164%	—	$1.4M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_MOGUSD	+0.0227%	1h	0.0000001216	−0.238%	$49K	$41K	10x	as long as short
KuCoin 1000000MOGUSDTM	+0.1048%	4h	0.0000001221	+0.164%	$670K	$156K	30x	as long as short