Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Variational Omni−0.186%7-day average −0.072% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.186%, 7d avg −0.072%

Together, before fees+0.045%+ Points / potential airdropVariational Omni: Active · farm board+$4 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: Binance is 0.114% cheaper against Variational Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STABLE	0.02443	0.0100	pay 0.0050% / 4h	3h 09m	$143K	$8K	—
Short	Binance STABLEUSDT	0.02438	0.0100	get 0.0050% / 4h	3h 09m	$2.5M	$2.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now −0.186%Rate

Funding earned: $0
Price spread: −0.186% → −0.072%: −$11.38
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.38
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 45 min ago; Binance: live order book, 11 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 Variational Omni RFQ quote, 45 min ago	10.22 bp	doesn't fit	292.4 bp −$2,924	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	2.05 bp	31.6 bp −$32	105.5 bp −$1,055	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	0.02450	+0.309%	$112K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02438	−0.198%	$856K	$179K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02439	−0.134%	$18K	$10K	20x	as long as short
Binance STABLEUSDTshort	+0.0100%	4h	0.02438	−0.186%	$2.5M	$2.8M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02439	−0.129%	$1.5M	$769K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02435	−0.309%	$201K	$414K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02438	−0.186%	$174K	$60K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02438	−0.186%	$584K	$162K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02441	−0.063%	$177K	$29K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02438	−0.186%	$280K	$93K	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	0.02437	−0.227%	—	$6.6M	—	as long as short
Variational Omni STABLElong	+0.0100%	4h	0.02443	long leg	$143K	$8K	—
SunX STABLE-USDT	+0.0100%	4h	0.02439	−0.149%	$2K	$896K	20x	as long as short
BloFin STABLE-USDT	+0.0101%	4h	0.02437	−0.227%	$114K	$7K	75x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02438	−0.178%	$11K	$140K	10x	as long as short