Funding arb · Price arb /

STABLE

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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 +0.007%

Price spread now: Variational Omni against Aster+0.066%7-day average — · you sell dearer than you buy

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

Long on Aster 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 airdropAster: Stage 5 · Variational 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 0.066% dearer against Aster than usual: you sell high and buy low, +$7 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	Aster STABLEUSDT	0.02455	0.0100	pay 0.0050% / 4h	6m 05s	$18K	$8K	20x
Short	Variational Omni STABLE	0.02457	0.0100	get 0.0050% / 4h	6m 05s	$144K	$50K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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 AsterbpFee Variational OmnibpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → 0.000%: $6.58
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.42
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Variational Omni: RFQ quote, 53 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 Aster no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 53 min ago	12.11 bp	doesn't fit	189.7 bp −$1,897	doesn't fit	doesn't fit

Aster: 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.

STABLE on 15 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
BloFin STABLE-USDT	+0.0085%	4h	0.02459	+0.144%	$116K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02469	+0.568%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02454	−0.043%	$863K	$185K	3x	as long as short
Aster STABLEUSDTlong	+0.0100%	4h	0.02455	long leg	$18K	$8K	20x
Binance STABLEUSDT	+0.0100%	4h	0.02454	−0.048%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02457	+0.063%	$1.5M	$774K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02455	−0.019%	$204K	$405K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02458	+0.104%	$174K	$59K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02454	−0.059%	$587K	$163K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02461	+0.226%	$179K	$29K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02456	+0.022%	$281K	$91K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02457	+0.063%	—	$6.5M	—	as long as short
Variational Omni STABLEshort	+0.0100%	4h	0.02457	+0.066%	$144K	$50K	—
SunX STABLE-USDT	+0.0100%	4h	0.02454	−0.043%	$1K	$861K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02454	−0.045%	$12K	$132K	10x	as long as short