Funding arb · Price arb /

STABLE

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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: Binance against Variational Omni+0.113%7-day average −0.072% · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.226%−$23 · spread now +0.113%, 7d avg −0.072%

Together, before fees−0.254%+ Points / potential airdropVariational Omni: Active · farm board−$25 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: Binance is 0.185% dearer against Variational Omni than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STABLE	0.02448	0.0100	pay 0.0050% / 4h	2h 55m	$143K	$8K	—
Short	Binance STABLEUSDT	0.02451	0.0100	get 0.0050% / 4h	2h 55m	$2.5M	$2.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.113%Rate

Funding earned: $0
Price spread: +0.113% → −0.072%: $18.51
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $8.51
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 58 min ago; Binance: live order book, 10 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 RFQ quote, 58 min ago	10.22 bp	doesn't fit	292.4 bp −$2,924	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	2.05 bp	32.4 bp −$32	102.8 bp −$1,028	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
Lighter STABLE	+0.0096%	1h	0.02460	+0.491%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02449	+0.046%	$860K	$180K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02449	+0.021%	$18K	$10K	20x	as long as short
Binance STABLEUSDTshort	+0.0100%	4h	0.02451	+0.113%	$2.5M	$2.8M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02453	+0.189%	$1.5M	$770K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02450	+0.079%	$208K	$421K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02447	−0.044%	$175K	$59K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02449	+0.038%	$586K	$159K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02449	+0.038%	$178K	$29K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02452	+0.160%	$282K	$93K	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	0.02449	+0.038%	—	$6.6M	—	as long as short
Variational Omni STABLElong	+0.0100%	4h	0.02448	long leg	$143K	$8K	—
SunX STABLE-USDT	+0.0100%	4h	0.02445	−0.125%	$2K	$900K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02449	+0.056%	$12K	$232K	10x	as long as short
BloFin STABLE-USDT	+0.0110%	4h	0.02443	−0.207%	$114K	$7K	75x	as long as short