Funding arb · Price arb /

MEW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bitget+0.102%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Variational Omni

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: Variational Omni is 0.102% dearer against Bitget than usual: you sell high and buy low, +$10 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	Bitget MEWUSDT	0.0004631	0.0100	pay 0.0050% / 4h	53m 20s	$494K	$370K	50x
Short	Variational Omni MEW	0.0004636	0.0100	get 0.0050% / 4h	53m 20s	$81K	$32K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee Variational OmnibpOrdersPrice spread, now +0.102%Rate

Funding earned: $0
Price spread: +0.102% → 0.000%: $10.22
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.78
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 63 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 Bitget live order book, 63 min ago	9.67 bp	29.8 bp −$30	274.4 bp −$2,744	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.

MEW on 12 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
GMX MEW/USD [WBTC.b-USDC]	L 0.0000% / S 0.0000%	1h	0.0004620	−0.238%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−8.897%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004629	−0.037%	$1.2M	$3.0M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004629	−0.043%	$1.4M	$1.2M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004626	−0.108%	$521K	$764K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004630	−0.022%	$135K	$121K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004629	−0.043%	$384K	$173K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004633	+0.043%	$342K	$118K	30x	as long as short
Bitget MEWUSDTlong	+0.0100%	4h	0.0004631	long leg	$494K	$370K	50x
BingX MEW-USDT	+0.0100%	4h	0.0004630	−0.022%	—	$24.2M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEWshort	+0.0100%	4h	0.0004636	+0.102%	$81K	$32K	—
Kraken Futures PF_MEWUSD	+0.0965%	1h	0.0004635	+0.085%	$92K	$110K	10x	as long as short