Funding arb · Price arb /

MEW

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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: BingX against Variational Omni−0.181%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 BingX

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: BingX is 0.181% cheaper against Variational Omni than usual: you would sell low and buy high, −$18 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 MEW	0.0004668	0.0100	pay 0.0050% / 4h	27m 40s	$82K	$32K	—
Short	BingX MEW-USDT	0.0004660	0.0100	get 0.0050% / 4h	27m 40s	—	$24.2M	—

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 −0.181%Rate

Funding earned: $0
Price spread: −0.181% → 0.000%: −$18.13
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$28.13
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 11 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, 11 min ago	5.36 bp	20.9 bp −$21	67.9 bp −$679	674.9 bp −$67.5K	1054.8 bp −$527.4K

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	0.0004660	−0.181%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−9.628%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004659	−0.203%	$1.1M	$2.7M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004658	−0.224%	$1.5M	$1.0M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004653	−0.331%	$521K	$680K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004661	−0.160%	$124K	$77K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004660	−0.181%	$386K	$172K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004664	−0.096%	$347K	$112K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004657	−0.246%	$485K	$359K	50x	as long as short
BingX MEW-USDTshort	+0.0100%	4h	0.0004660	−0.181%	—	$24.2M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEWlong	+0.0100%	4h	0.0004668	long leg	$82K	$32K	—
Kraken Futures PF_MEWUSD	+0.2273%	1h	0.0004668	−0.009%	$92K	$129K	10x	as long as short