Funding arb · Price arb /

STBL

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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 −0.099%

Price spread now: Variational Omni against KuCoin−0.089%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.089% cheaper against KuCoin than usual: you would sell low and buy high, −$9 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	KuCoin STBLUSDTM	0.02645	0.0100	pay 0.0050% / 4h	1h 04m	$1.1M	$231K	20x
Short	Variational Omni STBL	0.02643	0.0100	get 0.0050% / 4h	1h 04m	$966	$282	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → 0.000%: −$8.91
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$20.91
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 min ago; Variational Omni: 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 KuCoin live order book, 6 min ago	20.77 bp	204.4 bp −$204	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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.

STBL on 12 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 STBL	+0.0096%	1h	0.02633	−0.454%	$79K	$2K	3x	as long as short
Hyperliquid STBL	+0.0100%	1h	0.02637	−0.318%	$1.9M	$280K	3x	as long as short
Binance STBLUSDT	+0.0100%	4h	0.02642	−0.113%	$1.9M	$2.2M	50x	as long as short
MEXC STBL_USDT	+0.0100%	4h	0.02641	−0.151%	$369K	$150K	100x	as long as short
KuCoin STBLUSDTMlong	+0.0100%	4h	0.02645	long leg	$1.1M	$231K	20x
Variational Omni STBLshort	+0.0100%	4h	0.02643	−0.089%	$966	$282	—
SunX STBL-USDT	+0.0100%	4h	0.02637	−0.302%	$2K	$1.1M	20x	as long as short
Bybit STBLUSDT	+0.0127%	4h	0.02643	−0.076%	$1.5M	$689K	20x	as long as short
BloFin STBL-USDT	+0.0159%	4h	0.02648	+0.113%	$126K	$22K	50x	as long as short
BingX STBL-USDT	+0.0176%	4h	0.02642	−0.113%	—	$6.6M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STBL_USDT	+0.0274%	4h	0.02650	+0.189%	$1.2M	$118K	50x	as long as short
Aster STBLUSDT	+0.0293%	4h	0.02640	−0.189%	$88K	$6K	5x	as long as short