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: Bitget against Variational Omni−0.066%7-day average −0.038% · you buy dearer than you sell

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.066%, 7d avg −0.038%

Together, before fees−0.039%+ Points / potential airdropVariational Omni: Active · farm board−$4 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: Bitget is 0.028% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STABLE	0.02428	0.0100	pay 0.0050% / 4h	2h 23m	$142K	$8K	—
Short	Bitget STABLEUSDT	0.02426	0.0100	get 0.0050% / 4h	2h 23m	$279K	$94K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → −0.038%: −$2.84
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$14.84
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 26 min ago; Bitget: live order book, 17 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, 26 min ago	8.17 bp	doesn't fit	282.0 bp −$2,820	doesn't fit	doesn't fit
Sell Bitget live order book, 17 min ago	6.16 bp	66.7 bp −$67	187.1 bp −$1,871	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	+0.0073%	4h	0.02425	−0.107%	$113K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02442	+0.577%	$112K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02426	−0.066%	$853K	$183K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02429	+0.070%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02425	−0.106%	$2.4M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02428	+0.033%	$1.5M	$788K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02423	−0.189%	$208K	$426K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02429	+0.058%	$173K	$59K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02426	−0.066%	$581K	$165K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02431	+0.140%	$176K	$28K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDTshort	+0.0100%	4h	0.02426	−0.066%	$279K	$94K	25x
BingX STABLE-USDT	+0.0100%	4h	0.02427	−0.025%	—	$6.5M	—	as long as short
Variational Omni STABLElong	+0.0100%	4h	0.02428	long leg	$142K	$8K	—
SunX STABLE-USDT	+0.0100%	4h	0.02424	−0.128%	$2K	$915K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02424	−0.132%	$12K	$230K	10x	as long as short