Funding arb · Price arb /

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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 0.000%

Price spread now: Variational Omni against KuCoin−0.176%7-day average −0.079% · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.220%−$22 · spread now −0.176%, 7d avg −0.079%

Together, before fees−0.200%+ Points / potential airdropVariational Omni: Active · farm board−$20 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 0.097% cheaper against KuCoin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STABLEUSDTM	0.02493	0.0100	pay 0.0050% / 4h	2h 42m	$184K	$30K	30x
Short	Variational Omni STABLE	0.02489	0.0100	get 0.0050% / 4h	2h 42m	$146K	$50K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now −0.176%Rate

Funding earned: $0
Price spread: −0.176% → −0.079%: −$9.68
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$21.68
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 62 min ago; Variational Omni: RFQ quote, 27 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 KuCoin live order book, 62 min ago	1.98 bp	876.3 bp −$876	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 27 min ago	11.96 bp	doesn't fit	191.3 bp −$1,913	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	+0.0055%	4h	0.02492	−0.040%	$117K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02499	+0.245%	$115K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02486	−0.293%	$876K	$210K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02487	−0.249%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02484	−0.361%	$2.5M	$3.0M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02487	−0.245%	$1.5M	$768K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02487	−0.241%	$201K	$430K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02486	−0.281%	$173K	$69K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02484	−0.361%	$614K	$174K	20x	as long as short
KuCoin STABLEUSDTMlong	+0.0100%	4h	0.02493	long leg	$184K	$30K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02485	−0.321%	$291K	$96K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02485	−0.321%	—	$6.5M	—	as long as short
Variational Omni STABLEshort	+0.0100%	4h	0.02489	−0.176%	$146K	$50K	—
SunX STABLE-USDT	+0.0100%	4h	0.02483	−0.409%	$1K	$808K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02484	−0.342%	$13K	$146K	10x	as long as short