Funding arb · Price arb /

TWT

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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+0.270%7-day average +0.068% · 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)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.430%−$43 · spread now +0.270%, 7d avg +0.068%

Together, before fees−0.430%+ Points / potential airdropVariational Omni: Active · farm board−$43 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 0.202% dearer against MEXC than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TWT_USDT	0.5756	0.0100	pay 0.0050% / 4h	1h 51m	$6.7M	$159K	125x
Short	Variational Omni TWT	0.5772	0.0100	get 0.0050% / 4h	1h 51m	$220K	$1K	—

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 +0.270%Rate

Funding earned: $0
Price spread: +0.270% → +0.068%: $20.21
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $12.21
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: MEXC: live order book, 4 min ago; Variational Omni: RFQ quote, 60 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, 4 min ago	2.60 bp	20.4 bp −$20	56.2 bp −$562	105.0 bp −$10.5K	doesn't fit
Sell Variational Omni RFQ quote, 60 min ago	4.32 bp	doesn't fit	128.9 bp −$1,289	doesn't fit	doesn't fit

TWT on 8 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
Binance TWTUSDT	+0.0100%	4h	0.5756	0.000%	$3.8M	$2.0M	75x	as long as short
Bybit TWTUSDT	+0.0100%	4h	0.5756	0.000%	$5.2M	$770K	25x	as long as short
Gate TWT_USDT	+0.0100%	8h	0.5768	+0.208%	$259K	$104K	50x	as long as short
MEXC TWT_USDTlong	+0.0100%	4h	0.5756	long leg	$6.7M	$159K	125x
KuCoin TWTUSDTM	+0.0100%	4h	0.5759	+0.056%	$809K	$785K	30x	as long as short
BingX TWT-USDT	+0.0100%	4h	0.5757	+0.017%	—	$2.5M	—	as long as short
Variational Omni TWTshort	+0.0100%	4h	0.5772	+0.270%	$220K	$1K	—
BloFin TWT-USDT	+0.0158%	4h	0.5769	+0.226%	$243K	$11K	75x	as long as short