Funding arb · Price arb /

H

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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 −0.008%

Price spread now: Variational Omni against MEXC−0.478%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 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: Variational Omni is 0.478% cheaper against MEXC than usual: you would sell low and buy high, −$48 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 H_USDT	0.06758	0.0100	pay 0.0050% / 4h	1h 04m	$6.0M	$1.1M	20x
Short	Variational Omni H	0.06726	0.0100	get 0.0050% / 4h	1h 04m	$7K	$9K	—

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 −0.478%Rate

Funding earned: $0
Price spread: −0.478% → 0.000%: −$47.81
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$51.81
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 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, 3 min ago	2.96 bp	16.6 bp −$17	63.7 bp −$637	119.3 bp −$11.9K	doesn't fit
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.

H 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
KuCoin HUSDTM	+0.0018%	4h	0.06749	−0.133%	$1.6M	$10.0M	8x	as long as short
Injective H/USDC PERP	+0.0033%	1h	0.06250	−7.517%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0056%	4h	0.06750	−0.118%	$585K	$109K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06753	−0.070%	$110K	$57K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06760	+0.030%	$14.5M	$11.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06745	−0.192%	$7.4M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06762	+0.059%	$1.8M	$6.1M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06750	−0.118%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDTlong	+0.0100%	4h	0.06758	long leg	$6.0M	$1.1M	20x
Bitget HUSDT	+0.0100%	4h	0.06740	−0.266%	$1.7M	$458K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06758	0.000%	—	$2.7M	—	as long as short
Variational Omni Hshort	+0.0100%	4h	0.06726	−0.478%	$7K	$9K	—
GRVT H_USDT_Perp	+0.0100%	4h	0.06762	+0.059%	$1.1M	$434K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06757	−0.016%	$9K	$100K	5x	as long as short