Funding arb · Price arb /

STABLE

all STABLE markets

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: Variational Omni against MEXC+0.208%7-day average +0.067% · 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)+0.027%+$3 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.208%, 7d avg +0.067%

Together, before fees−0.096%+ Points / potential airdropVariational Omni: Active · farm board−$10 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 0.140% dearer against MEXC than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STABLE_USDT	0.02440	0.0100	pay 0.0050% / 4h	3h 50m	$580K	$160K	20x
Short	Variational Omni STABLE	0.02445	0.0100	get 0.0050% / 4h	3h 50m	$143K	$50K	—

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

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 MEXCbpFee Variational OmnibpOrdersPrice spread, now +0.208%Rate

Funding earned: $0
Price spread: +0.208% → +0.067%: $14.05
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.05
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: MEXC: live order book, 60 min ago; Variational Omni: RFQ quote, 4 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 MEXC live order book, 60 min ago	2.04 bp	14.3 bp −$14	48.9 bp −$489	239.0 bp −$23.9K	784.9 bp −$392.4K
Sell Variational Omni RFQ quote, 4 min ago	10.22 bp	doesn't fit	214.7 bp −$2,147	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
Lighter STABLE	+0.0096%	1h	0.02455	+0.627%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02439	−0.053%	$857K	$184K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02443	+0.128%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02438	−0.064%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02441	+0.041%	$1.5M	$816K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02437	−0.123%	$201K	$416K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02438	−0.082%	$174K	$60K	50x	as long as short
MEXC STABLE_USDTlong	+0.0100%	4h	0.02440	long leg	$580K	$160K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02444	+0.164%	$177K	$29K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02441	+0.041%	$280K	$93K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02440	0.000%	—	$6.6M	—	as long as short
Variational Omni STABLEshort	+0.0100%	4h	0.02445	+0.208%	$143K	$50K	—
SunX STABLE-USDT	+0.0100%	4h	0.02440	+0.004%	$1K	$890K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02438	−0.096%	$12K	$135K	10x	as long as short
BloFin STABLE-USDT	+0.0119%	4h	0.02445	+0.205%	$116K	$7K	75x	as long as short