Funding arb · Price arb /

ALT

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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 −0.027%

Price spread now: Variational Omni against MEXC−0.045%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

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: Variational Omni is 0.045% cheaper against MEXC than usual: you would sell low and buy high, −$4 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	MEXC ALT_USDT	0.007597	0.0100	pay 0.0050% / 4h	3h 24m	$386K	$179K	50x
Short	Variational Omni ALT	0.007594	0.0100	get 0.0050% / 4h	3h 24m	$4K	$16K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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 MEXCbpFee Variational OmnibpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → 0.000%: −$4.48
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.48
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 11 min ago; Variational Omni: no order-book sample. 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 MEXC live order book, 11 min ago	2.63 bp	4.8 bp −$5	45.7 bp −$457	255.1 bp −$25.5K	440.9 bp −$220.5K
Sell Variational Omni no order-book sample	—	—	—	—	—

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.

ALT 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
Deribit ALT_USDC-PERPETUAL	−0.0408%	1h	0.007597	0.000%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.237%	$837	$4K	5.5x	as long as short
Kraken Futures PF_ALTUSD	+0.0042%	1h	0.007600	+0.045%	$44K	$8K	10x	as long as short
BloFin ALT-USDT	+0.0084%	4h	0.007596	−0.013%	$173K	$10K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007594	−0.039%	$1.1M	$145K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007601	+0.053%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007592	−0.066%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007594	−0.039%	$49K	$382K	25x	as long as short
MEXC ALT_USDTlong	+0.0100%	4h	0.007597	long leg	$386K	$179K	50x
KuCoin ALTUSDTM	+0.0100%	4h	0.007601	+0.053%	$147K	$21K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007594	−0.039%	$613K	$126K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007595	−0.026%	—	$1.3M	—	as long as short
Variational Omni ALTshort	+0.0100%	4h	0.007594	−0.045%	$4K	$16K	—
Coinbase International ALT-PERP-INTX	+0.0488%	1h	0.007691	+1.237%	$14K	$3K	50x	as long as short