Funding arb · Price arb /

INIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against MEXC+0.055%7-day average — · you sell dearer than you buy

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 0.055% dearer against MEXC than usual: you sell high and buy low, +$5 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 INIT_USDT	0.08391	0.0100	pay 0.0050% / 4h	3h 53m	$445K	$139K	20x
Short	Variational Omni INIT	0.08396	0.0100	get 0.0050% / 4h	3h 53m	$27K	$10K	—

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

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 MEXCbpFee Variational OmnibpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → 0.000%: $5.5
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $1.5
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: MEXC: live order book, 32 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, 32 min ago	2.99 bp	38.0 bp −$38	86.3 bp −$863	226.2 bp −$22.6K	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.

INIT on 13 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
Kraken Futures PF_INITUSD	−0.0127%	1h	0.08385	−0.077%	$5K	$13K	10x	as long as short
BloFin INIT-USDT	+0.0071%	4h	0.08404	+0.155%	$153K	$40K	25x	as long as short
Hyperliquid INIT	+0.0100%	1h	0.08390	−0.007%	$312K	$137K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08384	−0.086%	$28K	$7K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08390	−0.012%	$3.5M	$2.5M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08387	−0.048%	$1.4M	$1.1M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08392	+0.012%	$141K	$435K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08379	−0.143%	$82K	$15K	25x	as long as short
MEXC INIT_USDTlong	+0.0100%	4h	0.08391	long leg	$445K	$139K	20x
KuCoin INITUSDTM	+0.0100%	4h	0.08387	−0.048%	$326K	$37K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget INITUSDT	+0.0100%	4h	0.08390	−0.012%	$437K	$200K	25x	as long as short
BingX INIT-USDT	+0.0100%	4h	0.08396	+0.060%	—	$6.6M	—	as long as short
Variational Omni INITshort	+0.0100%	4h	0.08396	+0.055%	$27K	$10K	—