Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Gate+0.187%7-day average +0.061% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.187%, 7d avg +0.061%

Together, before fees−0.083%+ Points / potential airdropVariational Omni: Active · farm board−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.126% dearer against Gate than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STABLE_USDT	0.02438	0.0100	pay 0.0050% / 4h	3h 10m	$174K	$60K	50x
Short	Variational Omni STABLE	0.02443	0.0100	get 0.0050% / 4h	3h 10m	$143K	$8K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now +0.187%Rate

Funding earned: $0
Price spread: +0.187% → +0.061%: $12.58
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$2.42
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 36 min ago; Variational Omni: RFQ quote, 44 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 Gate live order book, 36 min ago	6.16 bp	121.7 bp −$122	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 44 min ago	10.22 bp	doesn't fit	214.7 bp −$2,147	doesn't fit	doesn't fit

STABLE 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 STABLE-USDT	+0.0094%	4h	0.02440	+0.082%	$114K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02452	+0.566%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02438	−0.021%	$856K	$182K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02440	+0.075%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02438	0.000%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02443	+0.205%	$1.5M	$769K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02435	−0.123%	$201K	$414K	20x	as long as short
Gate STABLE_USDTlong	+0.0100%	4h	0.02438	long leg	$174K	$60K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02437	−0.041%	$583K	$162K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02443	+0.205%	$177K	$29K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02438	0.000%	$280K	$93K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02438	0.000%	—	$6.6M	—	as long as short
Variational Omni STABLEshort	+0.0100%	4h	0.02443	+0.187%	$143K	$8K	—
SunX STABLE-USDT	+0.0100%	4h	0.02436	−0.066%	$2K	$895K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02437	−0.028%	$12K	$134K	10x	as long as short