Settings8H · net · $10k
Funding arb · Price arb /

M

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0137%/8h= −15.0% APRnext payment $0.69 per $10,000 · paid last 24h +0.178%
Price spread now: MEXC against Variational Omni−0.066%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.066% cheaper against Variational Omni than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni M1.37320.1009pay 0.0505% / 4h1h 02m$92K$49K
ShortMEXC M_USDT1.37230.0872get 0.0436% / 4h1h 02m$232K$110K50x

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

Funding earned
−$28.8
Price spread: −0.066% → 0.000%
−$6.62
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$39.42
Costs to cover
0.040%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; MEXC: live order book, 22 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell MEXC live order book, 22 min ago1.10 bp23.2 bp −$2346.3 bp −$463110.6 bp −$11.1K486.2 bp −$243.1K
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.

M on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate M_USDT+0.0100%8h1.3704−0.205%$1.9M$925K10xas long as short
Orderly PERP_M_USDC+0.0100%4h1.3725−0.052%$2K$51010xas long as short
SunX M-USDT+0.0100%4h1.3726−0.044%$2K$848K20xas long as short
Bybit MUSDT+0.0224%4h1.3730−0.015%$4.3M$1.8M20xas long as short
Aster MUSDT+0.0553%4h1.3690−0.310%$13K$82K5xas long as short
BloFin M-USDT+0.0823%4h1.3709−0.168%$348K$455K10xas long as short
Binance MUSDT+0.0867%4h1.3722−0.074%$5.4M$3.9M10xas long as short
MEXC M_USDTshort+0.0872%4h1.3723−0.066%$232K$110K50x
Variational Omni Mlong+0.1009%4h1.3732long leg$92K$49K
BingX M-USDT+0.1130%4h1.3722−0.074%$2.4Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MUSDT+0.1196%4h1.3725−0.052%$1.8M$247K10xas long as short
KuCoin MUSDTM+0.2360%4h1.3577−1.130%$1.4M$3.7M10xas long as short