Funding you earn now, next payment 04:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h +0.003%
Price spread now: Variational Omni against BloFin−0.056%56s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 pays, the price is against you. Variational Omni is 0.056% cheaper against BloFin than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 7.0 days of funding at the current rate (+$1 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MERL-USDT | 0.02747 | 0.0073 | pay 0.0037% / 4h | 1h 14m | $119K | $3K | 50x |
| Short | Variational Omni MERL | 0.02745 | 0.0100 | get 0.0100% / 8h | 5h 14m | $9K | $188 | — |
BloFin MERL-USDT
Variational Omni MERLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.6
- Price spread: −0.056% → 0.000%
- −$5.59
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$11.99
- Costs to cover
- 0.120%
- Break-even
- 22.0 days
Slippage unknown: BloFin: live order book, 22 min ago; 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 BloFin live order book, 22 min ago | 9.10 bp | 18.8 bp −$19 | 82.1 bp −$821 | doesn't fit | doesn't fit |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
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.
MERL on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MERL-PERP-INTX | −0.0272% | 1h | 0.02745 | −0.080% | $26K | $502K | 50x | as long as short |
| BloFin MERL-USDTlong | +0.0073% | 4h | 0.02747 | long leg | $119K | $3K | 50x | |
| Orderly PERP_MERL_USDC | +0.0100% | 4h | 0.02748 | +0.036% | $14K | $2K | 10x | as long as short |
| Hyperliquid MERL | +0.0100% | 1h | 0.02749 | +0.073% | $434K | $138K | 3x | as long as short |
| Aster MERLUSDT | +0.0100% | 4h | 0.02749 | +0.078% | $3K | $427 | 5x | as long as short |
| Binance MERLUSDT | +0.0100% | 4h | 0.02749 | +0.076% | $1.8M | $2.0M | 50x | as long as short |
| Bybit MERLUSDT | +0.0100% | 8h | 0.02741 | −0.218% | $1.2M | $424K | 25x | as long as short |
| OKX MERL-USDT-SWAP | +0.0100% | 4h | 0.02747 | 0.000% | $1.2M | $2.4M | 20x | as long as short |
| Gate MERL_USDT | +0.0100% | 8h | 0.02748 | +0.036% | $252K | $61K | 25x | as long as short |
| MEXC MERL_USDT | +0.0100% | 4h | 0.02749 | +0.073% | $14.4M | $119K | 100x | as long as short |
Coinbase International MERL-PERP-INTX
Orderly PERP_MERL_USDC
Hyperliquid MERL
Aster MERLUSDT
Binance MERLUSDT
Bybit MERLUSDT
OKX MERL-USDT-SWAP
Gate MERL_USDT
MEXC MERL_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MERLUSDTM | +0.0100% | 4h | 0.02753 | +0.218% | $887K | $42K | 30x | as long as short |
| Bitget MERLUSDT | +0.0100% | 4h | 0.02747 | 0.000% | $1.6M | $243K | 25x | as long as short |
| BingX MERL-USDT | +0.0100% | 4h | 0.02754 | +0.255% | — | $6.6M | — | as long as short |
| Variational Omni MERLshort | +0.0100% | 8h | 0.02745 | −0.056% | $9K | $188 | — | |
| SunX MERL-USDT | +0.0100% | 4h | 0.02747 | 0.000% | $1K | $991K | 20x | as long as short |
| Deribit MERL_USDC-PERPETUAL | +0.0987% | 1h | 0.02751 | +0.153% | $49K | $55K | 10x | as long as short |
KuCoin MERLUSDTM
Bitget MERLUSDT
BingX MERL-USDT
SunX MERL-USDT
Deribit MERL_USDC-PERPETUAL