Funding arb · Price arb /

ME

all ME 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: BingX against Variational Omni+0.436%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on BingX

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 airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.436% dearer against Variational Omni than usual: you sell high and buy low, +$44 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ME	0.07523	0.0100	pay 0.0050% / 4h	3h 32m	$12K	$2K	—
Short	BingX ME-USDT	0.07556	0.0100	get 0.0050% / 4h	3h 32m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.436%Rate

Funding earned: $0
Price spread: +0.436% → 0.000%: $43.62
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $33.62
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 12 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 no order-book sample	—	—	—	—	—
Sell BingX live order book, 12 min ago	5.96 bp	28.7 bp −$29	71.2 bp −$712	532.3 bp −$53.2K	783.9 bp −$392.0K

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	0.07561	+0.503%	$110K	$8K	50x	as long as short
Hyperliquid ME	+0.0100%	1h	0.07561	+0.503%	$236K	$110K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07557	+0.453%	$13K	$20K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07557	+0.453%	$2.2M	$4.1M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07555	+0.423%	$1.6M	$788K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07560	+0.489%	$485K	$1.1M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07550	+0.356%	$193K	$71K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07558	+0.463%	$501K	$130K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07564	+0.543%	$215K	$31K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07560	+0.489%	$651K	$438K	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-USDTshort	+0.0100%	4h	0.07556	+0.436%	—	$1.3M	—
Variational Omni MElong	+0.0100%	4h	0.07523	long leg	$12K	$2K	—
Reya MERUSDPERP	+0.0228%	1h	0.07555	+0.425%	$27K	—	15x	as long as short