Funding arb · Price arb /

UB

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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: MEXC against Variational Omni+0.333%7-day average — · you sell dearer than you buy

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 4 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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.333% dearer against Variational Omni than usual: you sell high and buy low, +$33 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 UB	0.1491	0.0100	pay 0.0050% / 4h	1h 44m	$426	$8K	—
Short	MEXC UB_USDT	0.1496	0.0100	get 0.0050% / 4h	1h 44m	$704K	$643K	100x

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

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 MEXCbpOrdersPrice spread, now +0.333%Rate

Funding earned: $0
Price spread: +0.333% → 0.000%: $33.27
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 4 bp × 2 orders: −$8
Net: $25.27
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; MEXC: live order book, 56 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 no order-book sample	—	—	—	—	—
Sell MEXC live order book, 56 min ago	1.34 bp	14.2 bp −$14	77.5 bp −$775	246.1 bp −$24.6K	doesn't fit

Variational Omni: 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.

UB 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
Binance UBUSDT	+0.0100%	4h	0.1497	+0.381%	$3.1M	$14.6M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1493	+0.150%	$967K	$2.2M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1496	+0.333%	$1.5M	$12.2M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1490	−0.090%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDTshort	+0.0100%	4h	0.1496	+0.333%	$704K	$643K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1492	+0.083%	$1.0M	$982K	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1495	+0.279%	$2.4M	$2.9M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1494	+0.239%	—	$2.6M	—	as long as short
Variational Omni UBlong	+0.0100%	4h	0.1491	long leg	$426	$8K	—
edgeX UBUSDC	+0.0100%	4h	0.1494	+0.190%	$38K	$272K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1492	+0.051%	$16K	$303K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1492	+0.086%	$3K	$210K	5x	as long as short
BloFin UB-USDT	+0.0113%	4h	0.1491	+0.031%	$160K	$841K	50x	as long as short
Aster UBUSDT	+0.0591%	4h	0.1496	+0.333%	$406K	$119K	5x	as long as short