Funding arb · Price arb /

ME

all ME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Variational Omni−0.076%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 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: OKX is 0.076% cheaper against Variational Omni than usual: you would sell low and buy high, −$8 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	0.07318	0.0100	pay 0.0050% / 4h	1h 12m	$11K	$2K	—
Short	OKX ME-USDT-SWAP	0.07312	0.0100	get 0.0050% / 4h	1h 12m	$460K	$981K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → 0.000%: −$7.63
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$17.63
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; OKX: live order book, 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 Variational Omni no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	1.37 bp	28.7 bp −$29	doesn't fit	doesn't fit	doesn't fit

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	+0.0055%	4h	0.07315	−0.035%	$106K	$7K	50x	as long as short
Hyperliquid ME	+0.0100%	1h	0.07312	−0.076%	$230K	$96K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07312	−0.077%	$17K	$11K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07317	−0.008%	$2.1M	$3.8M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07315	−0.035%	$1.5M	$646K	25x	as long as short
OKX ME-USDT-SWAPshort	+0.0100%	4h	0.07312	−0.076%	$460K	$981K	20x
Gate ME_USDT	+0.0100%	8h	0.07320	+0.033%	$189K	$74K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07316	−0.022%	$492K	$130K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07314	−0.049%	$204K	$25K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07319	+0.019%	$636K	$416K	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	0.07316	−0.022%	—	$1.3M	—	as long as short
Variational Omni MElong	+0.0100%	4h	0.07318	long leg	$11K	$2K	—
Reya MERUSDPERP	+0.0228%	1h	0.07317	−0.015%	$26K	—	15x	as long as short