Funding arb · Price arb /

NOT

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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 +0.065%

Price spread now: MEXC against Variational Omni−0.263%7-day average — · you buy dearer than you sell

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 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: MEXC is 0.263% cheaper against Variational Omni than usual: you would sell low and buy high, −$26 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 NOT	0.0005003	0.0100	pay 0.0050% / 4h	3h 32m	$71K	$38K	—
Short	MEXC NOT_USDT	0.0004990	0.0100	get 0.0050% / 4h	3h 32m	$1.3M	$458K	200x

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 −0.263%Rate

Funding earned: $0
Price spread: −0.263% → 0.000%: −$26.33
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$30.33
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; MEXC: live order book, 4 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, 4 min ago	2.99 bp	10.8 bp −$11	42.2 bp −$422	93.2 bp −$9,320	115.2 bp −$57.6K

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.

NOT on 16 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
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.582%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005001	−0.037%	$11K	$6K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0004990	−0.263%	$336K	$66K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0004991	−0.251%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0004991	−0.249%	$2.0M	$2.9M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0004986	−0.343%	$2.1M	$813K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0004991	−0.243%	$640K	$647K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0004990	−0.263%	$140K	$59K	50x	as long as short
MEXC NOT_USDTshort	+0.0100%	4h	0.0004990	−0.263%	$1.3M	$458K	200x
KuCoin NOTUSDTM	+0.0100%	4h	0.0004993	−0.203%	$472K	$134K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NOTUSDT	+0.0100%	4h	0.0004997	−0.123%	$670K	$472K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0004989	−0.283%	—	$8.3M	—	as long as short
Variational Omni NOTlong	+0.0100%	4h	0.0005003	long leg	$71K	$38K	—
Extended kNOT-USD	+0.0104%	1h	0.0004990	−0.258%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0156%	4h	0.0004992	−0.223%	$108K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1159%	1h	0.0005002	−0.020%	$49K	$5K	10x	as long as short