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: KuCoin against Variational Omni+0.488%7-day average +0.079% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.488%, 7d avg +0.079%

Together, before fees−0.112%+ 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: KuCoin is 0.409% dearer against Variational Omni than usual: you sell high and buy low, +$41 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	Variational Omni STABLE	0.02445	0.0100	pay 0.0050% / 4h	18m 06s	$143K	$8K	—
Short	KuCoin STABLEUSDTM	0.02457	0.0100	get 0.0050% / 4h	18m 06s	$181K	$29K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.488%Rate

Funding earned: $0
Price spread: +0.488% → +0.079%: $40.92
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $28.92
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 21 min ago; KuCoin: live order book, 13 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, 21 min ago	10.25 bp	doesn't fit	301.3 bp −$3,013	doesn't fit	doesn't fit
Sell KuCoin live order book, 13 min ago	14.32 bp	233.3 bp −$233	doesn't fit	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	+0.0049%	4h	0.02443	−0.085%	$113K	$10K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02462	+0.701%	$113K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02450	+0.222%	$862K	$174K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02449	+0.166%	$18K	$9K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02450	+0.198%	$2.5M	$2.6M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02454	+0.349%	$1.5M	$766K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02453	+0.324%	$210K	$443K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02452	+0.283%	$175K	$57K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02451	+0.242%	$587K	$165K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02457	+0.488%	$181K	$29K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02450	+0.202%	$283K	$90K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02453	+0.324%	—	$6.5M	—	as long as short
Variational Omni STABLElong	+0.0100%	4h	0.02445	long leg	$143K	$8K	—
SunX STABLE-USDT	+0.0100%	4h	0.02454	+0.345%	$1K	$928K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02449	+0.172%	$13K	$207K	10x	as long as short