Funding arb · Price arb /

IO

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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 0.000%

Price spread now: Variational Omni against MEXC−0.159%7-day average — · you buy dearer than you sell

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 0.159% cheaper against MEXC than usual: you would sell low and buy high, −$16 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 IO_USDT	0.1478	0.0100	pay 0.0050% / 4h	1h 27m	$1.2M	$212K	125x
Short	Variational Omni IO	0.1476	0.0100	get 0.0050% / 4h	1h 27m	$28K	$20K	—

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 −0.159%Rate

Funding earned: $0
Price spread: −0.159% → 0.000%: −$15.88
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.88
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 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, 1 min ago	6.78 bp	19.9 bp −$20	177.5 bp −$1,775	276.5 bp −$27.7K	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.

IO on 14 exchanges

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 IO-USDT	+0.0041%	4h	0.1480	+0.135%	$190K	$28K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1481	+0.176%	$991K	$282K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1481	+0.193%	$23K	$42K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1480	+0.135%	$2.9M	$4.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1478	0.000%	$1.1M	$538K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1480	+0.142%	$213K	$410K	50x	as long as short
MEXC IO_USDTlong	+0.0100%	4h	0.1478	long leg	$1.2M	$212K	125x
KuCoin IOUSDTM	+0.0100%	4h	0.1479	+0.068%	$331K	$193K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1481	+0.203%	$1.3M	$864K	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1480	+0.135%	—	$1.3M	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IOshort	+0.0100%	4h	0.1476	−0.159%	$28K	$20K	—
Extended IO-USD	+0.0104%	1h	0.1480	+0.105%	$3K	$207K	5x	as long as short
Injective IO/USDC PERP	+0.0452%	1h	0.1494	+1.083%	$2K	$189	5.5x	as long as short
Kraken Futures PF_IOUSD	+0.6314%	1h	0.1485	+0.460%	$51K	$19K	10x	as long as short