Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Variational Omni against SunX−0.122%45s7-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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.122% cheaper against SunX than usual: you would sell low and buy high, −$12 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 45 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 | SunX MERL-USDT | 0.02726 | 0.0100 | pay 0.0050% / 4h | 28m 35s | $2K | $1.0M | 20x |
| Short | Variational Omni MERL | 0.02723 | 0.0100 | get 0.0100% / 8h | 28m 35s | $9K | $188 | — |
SunX MERL-USDT
Variational Omni MERLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against SunX. 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
- $0
- Price spread: −0.122% → 0.000%
- −$12.15
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$20.15
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: SunX: live order book, 4 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 SunX live order book, 4 min ago | 501.83 bp | doesn't fit | doesn't fit | 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 | −0.0136% | 1h | 0.02726 | +0.004% | $26K | $509K | 50x | as long as short |
| Deribit MERL_USDC-PERPETUAL | +0.0006% | 1h | 0.02736 | +0.348% | $47K | $59K | 10x | as long as short |
| BloFin MERL-USDT | +0.0084% | 4h | 0.02733 | +0.257% | $120K | $3K | 50x | as long as short |
| Orderly PERP_MERL_USDC | +0.0098% | 4h | 0.02733 | +0.257% | $14K | $2K | 10x | as long as short |
| Hyperliquid MERL | +0.0100% | 1h | 0.02738 | +0.429% | $439K | $133K | 3x | as long as short |
| Aster MERLUSDT | +0.0100% | 4h | 0.02735 | +0.317% | $3K | $427 | 5x | as long as short |
| Binance MERLUSDT | +0.0100% | 4h | 0.02735 | +0.330% | $1.8M | $2.1M | 50x | as long as short |
| OKX MERL-USDT-SWAP | +0.0100% | 4h | 0.02732 | +0.220% | $1.3M | $2.5M | 20x | as long as short |
| Gate MERL_USDT | +0.0100% | 8h | 0.02731 | +0.183% | $252K | $66K | 25x | as long as short |
| MEXC MERL_USDT | +0.0100% | 4h | 0.02736 | +0.367% | $14.4M | $116K | 100x | as long as short |
Coinbase International MERL-PERP-INTX
Deribit MERL_USDC-PERPETUAL
BloFin MERL-USDT
Orderly PERP_MERL_USDC
Hyperliquid MERL
Aster MERLUSDT
Binance 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 | 0.02737 | +0.404% | $882K | $64K | 30x | as long as short |
| Bitget MERLUSDT | +0.0100% | 4h | 0.02740 | +0.514% | $1.6M | $285K | 25x | as long as short |
| Variational Omni MERLshort | +0.0100% | 8h | 0.02723 | −0.122% | $9K | $188 | — | |
| SunX MERL-USDTlong | +0.0100% | 4h | 0.02726 | long leg | $2K | $1.0M | 20x | |
| BingX MERL-USDT | +0.0656% | 4h | 0.02733 | +0.257% | — | $6.6M | — | as long as short |
| Bybit MERLUSDT | +0.0700% | 8h | 0.02723 | −0.110% | $1.2M | $447K | 25x | as long as short |
KuCoin MERLUSDTM
Bitget MERLUSDT
BingX MERL-USDT
Bybit MERLUSDT