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 KuCoin−0.291%7-day average −0.074% · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 3 days (all we have)+0.245%+$25 · spread now −0.291%, 7d avg −0.074%

Together, before fees+0.265%+ Points / potential airdropVariational Omni: Active · farm board+$27 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 0.217% cheaper against KuCoin than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STABLEUSDTM	0.02533	0.0100	pay 0.0050% / 4h	6m 46s	$181K	$29K	30x
Short	Variational Omni STABLE	0.02526	0.0100	get 0.0050% / 4h	6m 46s	$148K	$50K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now −0.291%Rate

Funding earned: $0
Price spread: −0.291% → −0.074%: −$21.7
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$33.7
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 47 min ago; Variational Omni: RFQ quote, 7 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 KuCoin live order book, 47 min ago	16.04 bp	237.4 bp −$237	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 7 min ago	7.92 bp	doesn't fit	237.6 bp −$2,376	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
Lighter STABLE	+0.0096%	1h	0.02540	+0.261%	$117K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02529	−0.162%	$893K	$228K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02526	−0.274%	$19K	$6K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02527	−0.233%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02528	−0.205%	$1.5M	$785K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02527	−0.237%	$207K	$430K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02526	−0.276%	$176K	$89K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02526	−0.276%	$674K	$157K	20x	as long as short
KuCoin STABLEUSDTMlong	+0.0100%	4h	0.02533	long leg	$181K	$29K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02526	−0.276%	$295K	$115K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02527	−0.237%	—	$6.5M	—	as long as short
Variational Omni STABLEshort	+0.0100%	4h	0.02526	−0.291%	$148K	$50K	—
SunX STABLE-USDT	+0.0100%	4h	0.02530	−0.111%	$2K	$697K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02526	−0.271%	$12K	$175K	10x	as long as short
BloFin STABLE-USDT	+0.0120%	4h	0.02529	−0.158%	$115K	$7K	75x	as long as short