Funding arb · Price arb /

STABLE

all STABLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.022%

Price spread now: Aster against Variational Omni−0.063%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 Aster

What this pair did over the last

the charts below follow

Funding, last 3 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 · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.063% cheaper against Variational Omni than usual: you would sell low and buy high, −$6 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 STABLE	0.02527	0.0100	pay 0.0050% / 4h	5m 46s	$148K	$50K	—
Short	Aster STABLEUSDT	0.02526	0.0100	get 0.0050% / 4h	5m 46s	$19K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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

Position, each leg$Hold fordaysFee Variational OmnibpFee AsterbpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → 0.000%: −$6.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$14.35
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 8 min ago; Aster: no order-book sample. 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 RFQ quote, 8 min ago	7.92 bp	doesn't fit	305.0 bp −$3,050	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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.

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
Lighter STABLE	+0.0096%	1h	0.02539	+0.453%	$117K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02526	−0.030%	$892K	$228K	3x	as long as short
Aster STABLEUSDTshort	+0.0100%	4h	0.02526	−0.063%	$19K	$6K	20x
Binance STABLEUSDT	+0.0100%	4h	0.02525	−0.085%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02526	−0.046%	$1.5M	$785K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02525	−0.085%	$207K	$430K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02526	−0.046%	$176K	$89K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02526	−0.046%	$674K	$157K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02532	+0.192%	$181K	$29K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02525	−0.085%	$295K	$115K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02526	−0.046%	—	$6.6M	—	as long as short
Variational Omni STABLElong	+0.0100%	4h	0.02527	long leg	$148K	$50K	—
SunX STABLE-USDT	+0.0100%	4h	0.02526	−0.058%	$2K	$697K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02524	−0.106%	$12K	$175K	10x	as long as short
BloFin STABLE-USDT	+0.0120%	4h	0.02529	+0.073%	$115K	$7K	75x	as long as short