Funding arb · Price arb /

STABLE

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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: Variational Omni against Binance−0.003%7-day average +0.071% · you buy dearer than you sell

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.028%+$3 on $10k

Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.003%, 7d avg +0.071%

Together, before fees+0.139%+ Points / potential airdropVariational Omni: Active · farm board+$14 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: Variational Omni is 0.075% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STABLEUSDT	0.02471	0.0100	pay 0.0050% / 4h	1h 56m	$2.4M	$2.7M	75x
Short	Variational Omni STABLE	0.02471	0.0100	get 0.0050% / 4h	1h 56m	$145K	$50K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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 BinancebpFee Variational OmnibpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → +0.071%: −$7.5
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.5
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 9 min ago; Variational Omni: RFQ quote, 27 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 Binance live order book, 9 min ago	4.05 bp	24.3 bp −$24	98.9 bp −$989	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 27 min ago	8.07 bp	doesn't fit	234.2 bp −$2,342	doesn't fit	doesn't fit

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
Aster STABLEUSDT	−0.0332%	4h	0.02470	−0.021%	$19K	$7K	20x	as long as short
BloFin STABLE-USDT	+0.0083%	4h	0.02469	−0.081%	$114K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02485	+0.563%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02471	−0.020%	$871K	$234K	3x	as long as short
Binance STABLEUSDTlong	+0.0100%	4h	0.02471	long leg	$2.4M	$2.7M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02473	+0.093%	$1.5M	$799K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02470	−0.040%	$204K	$415K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02469	−0.081%	$171K	$86K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02471	0.000%	$659K	$154K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02477	+0.243%	$174K	$27K	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	0.02471	0.000%	$292K	$116K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02471	0.000%	—	$6.5M	—	as long as short
Variational Omni STABLEshort	+0.0100%	4h	0.02471	−0.003%	$145K	$50K	—
SunX STABLE-USDT	+0.0100%	4h	0.02472	+0.036%	$1K	$651K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02469	−0.097%	$12K	$175K	10x	as long as short