Funding arb · Price arb /

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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: MEXC against Variational Omni+0.768%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 3 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 0.768% dearer against Variational Omni than usual: you sell high and buy low, +$77 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 BASED	0.06816	0.0100	pay 0.0050% / 4h	1h 37m	$94K	$15K	—
Short	MEXC BASED_USDT	0.06868	0.0100	get 0.0050% / 4h	1h 37m	$4.9M	$611K	50x

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 +0.768%Rate

Funding earned: $0
Price spread: +0.768% → 0.000%: $76.78
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: $72.78
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; MEXC: live order book, 10 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, 10 min ago	2.93 bp	13.5 bp −$13	54.5 bp −$545	208.3 bp −$20.8K	590.7 bp −$295.3K

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.

BASED 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 BASED-USDT	+0.0079%	4h	0.06843	+0.401%	$260K	$47K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06866	+0.738%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06857	+0.606%	$2.1M	$684K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06862	+0.680%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06862	+0.680%	$537K	$578K	50x	as long as short
MEXC BASED_USDTshort	+0.0100%	4h	0.06868	+0.768%	$4.9M	$611K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06860	+0.650%	$568K	$74K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06876	+0.885%	$1.3M	$381K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06868	+0.768%	—	$1.7M	—	as long as short
Variational Omni BASEDlong	+0.0100%	4h	0.06816	long leg	$94K	$15K	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06826	+0.154%	$96K	$368K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06869	+0.782%	$2K	$881K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06864	+0.711%	$1K	$199K	5x	as long as short
Aster BASEDUSDT	+0.0143%	4h	0.06866	+0.743%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0238%	4h	0.06868	+0.768%	$3K	$664	10x	as long as short