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 MEXC+0.109%7-day average +0.066% · you sell dearer than you buy

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.027%+$3 on $10k

Price spread, last 3 days (all we have)−0.025%−$2 · spread now +0.109%, 7d avg +0.066%

Together, before fees+0.003%+ Points / potential airdropVariational Omni: Active · farm board$0 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 0.044% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STABLE_USDT	0.02465	0.0100	pay 0.0050% / 4h	1h 17m	$658K	$156K	20x
Short	Variational Omni STABLE	0.02468	0.0100	get 0.0050% / 4h	1h 17m	$145K	$50K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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 MEXCbpFee Variational OmnibpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → +0.066%: $4.36
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.64
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 58 min ago; Variational Omni: RFQ quote, 2 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 MEXC live order book, 58 min ago	4.05 bp	13.7 bp −$14	49.7 bp −$497	230.3 bp −$23.0K	751.9 bp −$376.0K
Sell Variational Omni RFQ quote, 2 min ago	6.08 bp	doesn't fit	192.4 bp −$1,924	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	−0.0137%	4h	0.02468	+0.112%	$19K	$7K	20x	as long as short
Lighter STABLE	+0.0096%	1h	0.02479	+0.584%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02466	+0.041%	$869K	$225K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02465	0.000%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02469	+0.154%	$1.5M	$747K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02467	+0.081%	$203K	$403K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02466	+0.041%	$172K	$87K	50x	as long as short
MEXC STABLE_USDTlong	+0.0100%	4h	0.02465	long leg	$658K	$156K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02471	+0.243%	$177K	$27K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02467	+0.081%	$291K	$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	0.02467	+0.081%	—	$6.5M	—	as long as short
Variational Omni STABLEshort	+0.0100%	4h	0.02468	+0.109%	$145K	$50K	—
SunX STABLE-USDT	+0.0100%	4h	0.02465	+0.016%	$2K	$658K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02464	−0.056%	$12K	$175K	10x	as long as short
BloFin STABLE-USDT	+0.0139%	4h	0.02469	+0.162%	$113K	$7K	75x	as long as short