Funding arb · Price arb /

STABLE

all STABLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Binance+0.103%7-day average +0.072% · you sell dearer than you buy

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.028%+$3 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now +0.103%, 7d avg +0.072%

Together, before fees+0.058%+ Points / potential airdropVariational Omni: Active · farm board+$6 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: Variational Omni is 0.031% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STABLEUSDT	0.02507	0.0100	pay 0.0050% / 4h	3h 10m	$2.5M	$2.9M	75x
Short	Variational Omni STABLE	0.02509	0.0100	get 0.0050% / 4h	3h 10m	$147K	$50K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 BinancebpFee Variational OmnibpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → +0.072%: $3.09
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.91
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 10 min ago; Variational Omni: RFQ quote, 63 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 Binance live order book, 10 min ago	3.99 bp	31.3 bp −$31	107.0 bp −$1,070	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 63 min ago	7.92 bp	doesn't fit	237.6 bp −$2,376	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	+0.0052%	4h	0.02508	+0.060%	$117K	$8K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02520	+0.546%	$116K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02508	+0.044%	$884K	$211K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02508	+0.051%	$19K	$7K	20x	as long as short
Binance STABLEUSDTlong	+0.0100%	4h	0.02507	long leg	$2.5M	$2.9M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02509	+0.100%	$1.5M	$765K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02507	+0.020%	$203K	$428K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02507	+0.020%	$174K	$72K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02506	−0.020%	$622K	$172K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02514	+0.299%	$186K	$30K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02506	−0.020%	$293K	$118K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02508	+0.060%	—	$6.5M	—	as long as short
Variational Omni STABLEshort	+0.0100%	4h	0.02509	+0.103%	$147K	$50K	—
SunX STABLE-USDT	+0.0100%	4h	0.02505	−0.048%	$1K	$790K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02506	−0.020%	$14K	$146K	10x	as long as short