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: MEXC against Variational Omni−0.153%7-day average −0.066% · you buy dearer than you sell

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

Long on Variational Omni Short on MEXC

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)+0.069%+$7 · spread now −0.153%, 7d avg −0.066%

Together, before fees+0.041%+ 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: MEXC is 0.088% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 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	Variational Omni STABLE	0.02474	0.0100	pay 0.0050% / 4h	1h 51m	$145K	$50K	—
Short	MEXC STABLE_USDT	0.02470	0.0100	get 0.0050% / 4h	1h 51m	$659K	$154K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.153%Rate

Funding earned: $0
Price spread: −0.153% → −0.066%: −$8.76
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$16.76
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 33 min ago; MEXC: live order book, 24 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, 33 min ago	8.07 bp	doesn't fit	427.9 bp −$4,279	doesn't fit	doesn't fit
Sell MEXC live order book, 24 min ago	4.05 bp	16.6 bp −$17	38.4 bp −$384	213.7 bp −$21.4K	767.5 bp −$383.7K

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	−0.0305%	4h	0.02472	−0.084%	$19K	$7K	20x	as long as short
Lighter STABLE	+0.0096%	1h	0.02484	+0.425%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02471	−0.117%	$871K	$234K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02470	−0.137%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02473	−0.048%	$1.5M	$798K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02474	+0.008%	$204K	$414K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02470	−0.153%	$171K	$86K	50x	as long as short
MEXC STABLE_USDTshort	+0.0100%	4h	0.02470	−0.153%	$659K	$154K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02477	+0.130%	$174K	$27K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02473	−0.032%	$292K	$117K	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	−0.113%	—	$6.5M	—	as long as short
Variational Omni STABLElong	+0.0100%	4h	0.02474	long leg	$145K	$50K	—
SunX STABLE-USDT	+0.0100%	4h	0.02474	−0.004%	$1K	$651K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02470	−0.149%	$12K	$175K	10x	as long as short
BloFin STABLE-USDT	+0.0132%	4h	0.02470	−0.153%	$114K	$7K	75x	as long as short