Funding arb · Price arb /

ME

all ME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.038%

Price spread now: Variational Omni against Reya+0.261%7-day average — · you sell dearer than you buy

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

Long on Reya 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 airdropReya: Active · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.261% dearer against Reya than usual: you sell high and buy low (spread +0.261% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya MERUSDPERP	0.07595	0.0228	pay 0.0028% / 1h	42m 31s	$27K	—	15x
Short	Variational Omni ME	0.07615	0.0100	get 0.0050% / 4h	42m 31s	$11K	$2K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Reya. 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 ReyabpFee Variational OmnibpOrdersPrice spread, now +0.261%Rate

Funding earned: −$26.83
Price spread: +0.261% → 0.000%: $26.1
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.72
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; 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 Reya no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Reya and 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.

ME on 13 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 ME-USDT	+0.0085%	4h	0.07611	+0.215%	$108K	$9K	50x	as long as short
Hyperliquid ME	+0.0100%	1h	0.07586	−0.114%	$246K	$124K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07597	+0.029%	$13K	$21K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07598	+0.044%	$2.2M	$4.3M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07596	+0.017%	$1.6M	$850K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07591	−0.049%	$481K	$1.3M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07600	+0.070%	$199K	$78K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07590	−0.062%	$509K	$131K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07603	+0.109%	$217K	$34K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07599	+0.057%	$652K	$429K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ME-USDT	+0.0100%	4h	0.07602	+0.096%	—	$1.3M	—	as long as short
Variational Omni MEshort	+0.0100%	4h	0.07615	+0.261%	$11K	$2K	—
Reya MERUSDPERPlong	+0.0228%	1h	0.07595	long leg	$27K	—	15x