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: KuCoin against Variational Omni+0.115%7-day average +0.076% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.020%−$2 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.115%, 7d avg +0.076%

Together, before fees−0.068%+ Points / potential airdropVariational Omni: Active · farm board−$7 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: KuCoin is 0.040% dearer against Variational Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STABLE	0.02510	0.0100	pay 0.0050% / 4h	3h 34m	$147K	$50K	—
Short	KuCoin STABLEUSDTM	0.02513	0.0100	get 0.0050% / 4h	3h 34m	$180K	$29K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. 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 Variational OmnibpFee KuCoinbpOrdersPrice spread, now +0.115%Rate

Funding earned: $0
Price spread: +0.115% → +0.076%: $3.95
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$8.05
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 40 min ago; KuCoin: live order book, 10 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 Variational Omni RFQ quote, 40 min ago	7.92 bp	doesn't fit	305.0 bp −$3,050	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	1.98 bp	232.7 bp −$233	doesn't fit	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	0.02518	+0.334%	$116K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02507	−0.108%	$884K	$212K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02506	−0.161%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02507	−0.124%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02508	−0.072%	$1.5M	$788K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02505	−0.204%	$203K	$438K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02504	−0.243%	$174K	$71K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02506	−0.164%	$622K	$168K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02513	+0.115%	$180K	$29K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02508	−0.084%	$293K	$118K	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	0.02505	−0.204%	—	$6.6M	—	as long as short
Variational Omni STABLElong	+0.0100%	4h	0.02510	long leg	$147K	$50K	—
SunX STABLE-USDT	+0.0100%	4h	0.02509	−0.040%	$1K	$774K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02506	−0.152%	$12K	$177K	10x	as long as short
BloFin STABLE-USDT	+0.0105%	4h	0.02511	+0.035%	$117K	$8K	75x	as long as short