Funding arb · Price arb /

STABLE

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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: Gate against Variational Omni+0.038%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 Variational Omni Short on Gate

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)−0.140%−$14 · spread now +0.038%, 7d avg −0.059%

Together, before fees−0.140%+ Points / potential airdropVariational Omni: Active · farm board−$14 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: Gate is 0.097% dearer against Variational Omni than usual: you sell high and buy low, +$10 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	Variational Omni STABLE	0.02457	0.0100	pay 0.0050% / 4h	6m 06s	$144K	$50K	—
Short	Gate STABLE_USDT	0.02458	0.0100	get 0.0050% / 4h	6m 06s	$174K	$59K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → −0.059%: $9.71
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$5.29
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 53 min ago; Gate: live order book, 45 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, 53 min ago	12.11 bp	doesn't fit	274.4 bp −$2,744	doesn't fit	doesn't fit
Sell Gate live order book, 45 min ago	6.11 bp	140.8 bp −$141	doesn't fit	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	+0.079%	$116K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02469	+0.502%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02454	−0.109%	$863K	$185K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02455	−0.066%	$18K	$8K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02454	−0.114%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02457	−0.003%	$1.5M	$774K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02455	−0.084%	$204K	$405K	20x	as long as short
Gate STABLE_USDTshort	+0.0100%	4h	0.02458	+0.038%	$174K	$59K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02454	−0.125%	$587K	$163K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02461	+0.160%	$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	0.02456	−0.044%	$281K	$91K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02457	−0.003%	—	$6.5M	—	as long as short
Variational Omni STABLElong	+0.0100%	4h	0.02457	long leg	$144K	$50K	—
SunX STABLE-USDT	+0.0100%	4h	0.02454	−0.109%	$1K	$861K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02454	−0.110%	$12K	$132K	10x	as long as short