Funding arb · Price arb /

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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 0.000%

Price spread now: Variational Omni against Gate+0.084%7-day average +0.059% · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.084%, 7d avg +0.059%

Together, before fees+0.018%+ Points / potential airdropVariational Omni: Active · farm board+$2 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 0.025% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STABLE_USDT	0.02455	0.0100	pay 0.0050% / 4h	5m 22s	$174K	$59K	50x
Short	Variational Omni STABLE	0.02457	0.0100	get 0.0050% / 4h	5m 22s	$144K	$50K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → +0.059%: $2.51
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$12.49
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 46 min ago; Variational Omni: RFQ quote, 54 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 Gate live order book, 46 min ago	6.11 bp	110.6 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 54 min ago	12.11 bp	doesn't fit	189.7 bp −$1,897	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
BloFin STABLE-USDT	+0.0085%	4h	0.02459	+0.163%	$116K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02470	+0.595%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02454	−0.041%	$863K	$185K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02454	−0.052%	$18K	$8K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02454	−0.061%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02457	+0.065%	$1.5M	$774K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02453	−0.081%	$204K	$405K	20x	as long as short
Gate STABLE_USDTlong	+0.0100%	4h	0.02455	long leg	$174K	$59K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02454	−0.041%	$587K	$163K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02462	+0.285%	$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	0.02455	0.000%	$281K	$91K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02455	0.000%	—	$6.6M	—	as long as short
Variational Omni STABLEshort	+0.0100%	4h	0.02457	+0.084%	$144K	$50K	—
SunX STABLE-USDT	+0.0100%	4h	0.02454	−0.024%	$1K	$861K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02453	−0.069%	$12K	$132K	10x	as long as short