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: OKX against Variational Omni−0.023%7-day average −0.001% · you buy dearer than you sell

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

Long on Variational Omni Short on OKX

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)+0.380%+$38 · spread now −0.023%, 7d avg −0.001%

Together, before fees+0.380%+ Points / potential airdropVariational Omni: Active · farm board+$38 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: OKX is 0.021% cheaper against Variational Omni than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STABLE	0.02495	0.0100	pay 0.0050% / 4h	2h 08m	$146K	$50K	—
Short	OKX STABLE-USDT-SWAP	0.02494	0.0100	get 0.0050% / 4h	2h 08m	$201K	$413K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.001%: −$2.11
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$12.11
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 60 min ago; OKX: live order book, 57 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, 60 min ago	11.96 bp	doesn't fit	263.1 bp −$2,631	doesn't fit	doesn't fit
Sell OKX live order book, 57 min ago	7.99 bp	37.2 bp −$37	2001.4 bp −$20.0K	doesn't fit	doesn't fit

STABLE on 14 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	0.02504	+0.358%	$115K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02490	−0.191%	$878K	$201K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02490	−0.192%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02489	−0.223%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02493	−0.063%	$1.5M	$774K	25x	as long as short
OKX STABLE-USDT-SWAPshort	+0.0100%	4h	0.02494	−0.023%	$201K	$413K	20x
Gate STABLE_USDT	+0.0100%	4h	0.02491	−0.143%	$174K	$70K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02489	−0.223%	$608K	$176K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02498	+0.138%	$185K	$30K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02491	−0.143%	$291K	$96K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02490	−0.183%	—	$6.6M	—	as long as short
Variational Omni STABLElong	+0.0100%	4h	0.02495	long leg	$146K	$50K	—
SunX STABLE-USDT	+0.0100%	4h	0.02489	−0.227%	$2K	$817K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02488	−0.247%	$12K	$146K	10x	as long as short