Funding arb · Price arb /

STABLE

all STABLE markets

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: Aster against Variational Omni−0.356%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aster

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 airdropVariational Omni: Active · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.356% cheaper against Variational Omni than usual: you would sell low and buy high, −$36 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	Variational Omni STABLE	0.02482	0.0100	pay 0.0050% / 4h	58m 17s	$145K	$50K	—
Short	Aster STABLEUSDT	0.02473	0.0100	get 0.0050% / 4h	58m 17s	$18K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now −0.356%Rate

Funding earned: $0
Price spread: −0.356% → 0.000%: −$35.64
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$43.64
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Aster: no order-book sample. 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 Variational Omni RFQ quote, 1 min ago	12.11 bp	doesn't fit	274.4 bp −$2,744	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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
Lighter STABLE	+0.0096%	1h	0.02485	+0.120%	$114K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02469	−0.528%	$867K	$187K	3x	as long as short
Aster STABLEUSDTshort	+0.0100%	4h	0.02473	−0.356%	$18K	$8K	20x
Binance STABLEUSDT	+0.0100%	4h	0.02469	−0.539%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02467	−0.605%	$1.5M	$764K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02461	−0.847%	$197K	$371K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02472	−0.404%	$174K	$56K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02470	−0.484%	$611K	$155K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02480	−0.081%	$183K	$28K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02470	−0.484%	$283K	$90K	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	0.02471	−0.444%	—	$6.5M	—	as long as short
Variational Omni STABLElong	+0.0100%	4h	0.02482	long leg	$145K	$50K	—
SunX STABLE-USDT	+0.0100%	4h	0.02468	−0.557%	$2K	$843K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02469	−0.516%	$14K	$136K	10x	as long as short
BloFin STABLE-USDT	+0.0110%	4h	0.02481	−0.041%	$119K	$7K	75x	as long as short