Funding arb · Price arb /

STBL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.022%

Price spread now: Variational Omni against MEXC+0.040%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 0.040% dearer against MEXC than usual: you sell high and buy low, +$4 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	MEXC STBL_USDT	0.02667	0.0100	pay 0.0050% / 4h	3h 32m	$360K	$140K	100x
Short	Variational Omni STBL	0.02668	0.0100	get 0.0050% / 4h	3h 32m	$976	$273	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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 MEXCbpFee Variational OmnibpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → 0.000%: $3.97
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.03
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 47 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 MEXC live order book, 47 min ago	1.87 bp	29.1 bp −$29	115.6 bp −$1,156	275.6 bp −$27.6K	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	0.02658	−0.337%	$80K	$1K	3x	as long as short
Hyperliquid STBL	+0.0100%	1h	0.02663	−0.161%	$2.0M	$197K	3x	as long as short
Aster STBLUSDT	+0.0100%	4h	0.02664	−0.099%	$89K	$5K	5x	as long as short
Binance STBLUSDT	+0.0100%	4h	0.02666	−0.037%	$2.0M	$1.7M	50x	as long as short
Bybit STBLUSDT	+0.0100%	4h	0.02665	−0.075%	$1.5M	$433K	20x	as long as short
MEXC STBL_USDTlong	+0.0100%	4h	0.02667	long leg	$360K	$140K	100x
KuCoin STBLUSDTM	+0.0100%	4h	0.02666	−0.037%	$1.1M	$225K	20x	as long as short
BingX STBL-USDT	+0.0100%	4h	0.02667	0.000%	—	$6.6M	—	as long as short
Variational Omni STBLshort	+0.0100%	4h	0.02668	+0.040%	$976	$273	—
SunX STBL-USDT	+0.0100%	4h	0.02662	−0.187%	$1K	$967K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin STBL-USDT	+0.0127%	4h	0.02661	−0.225%	$126K	$20K	50x	as long as short
Gate STBL_USDT	+0.1052%	4h	0.02674	+0.262%	$1.2M	$61K	50x	as long as short