Funding arb · Price arb /

STABLE

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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 MEXC+0.044%7-day average +0.065% · 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 3 days (all we have)+0.027%+$3 on $10k

Price spread, last 3 days (all we have)+0.082%+$8 · spread now +0.044%, 7d avg +0.065%

Together, before fees+0.110%+ Points / potential airdropVariational Omni: Active · farm board+$11 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 0.021% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STABLE_USDT	0.02509	0.0100	pay 0.0050% / 4h	3h 35m	$623K	$168K	20x
Short	Variational Omni STABLE	0.02510	0.0100	get 0.0050% / 4h	3h 35m	$147K	$50K	—

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

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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 MEXCbpFee Variational OmnibpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.065%: −$2.1
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.1
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 30 min ago; Variational Omni: RFQ quote, 38 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 MEXC live order book, 30 min ago	1.98 bp	12.8 bp −$13	42.0 bp −$420	222.5 bp −$22.3K	679.3 bp −$339.7K
Sell Variational Omni RFQ quote, 38 min ago	7.92 bp	doesn't fit	237.6 bp −$2,376	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	+0.0054%	4h	0.02506	−0.120%	$116K	$8K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02521	+0.486%	$116K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02509	−0.008%	$885K	$212K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02508	−0.052%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02509	+0.011%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02511	+0.084%	$1.5M	$788K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02508	−0.040%	$203K	$437K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02508	−0.040%	$174K	$71K	50x	as long as short
MEXC STABLE_USDTlong	+0.0100%	4h	0.02509	long leg	$623K	$168K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02514	+0.199%	$180K	$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	0.02509	0.000%	$293K	$118K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02508	−0.040%	—	$6.6M	—	as long as short
Variational Omni STABLEshort	+0.0100%	4h	0.02510	+0.044%	$147K	$50K	—
SunX STABLE-USDT	+0.0100%	4h	0.02506	−0.112%	$1K	$771K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02508	−0.038%	$12K	$177K	10x	as long as short