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Funding arb · Price arb /

MEW

all MEW markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0322%/8h= +35.3% APRpaid last 24h +0.046%
Price spread now: Kraken Futures against Variational Omni−0.555%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 4 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. Kraken Futures is 0.555% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.555% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$56 on $10k: about 5.7 days of funding at the current rate (+$10 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni MEW0.00046890.0100pay 0.0050% / 4h2h 36m$83K$36K—
ShortKraken Futures PF_MEWUSD0.00046630.0422get 0.0053% / 1h36m 17s$89K$127K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
$67.68
Price spread: −0.555% → 0.000%
−$55.51
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$2.17
Costs to cover
0.100%
Break-even
6.8 days
Slippage unknown: Variational Omni: no order-book sample; Kraken Futures: 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample—————
Sell Kraken Futures live order book, 11 min ago11.64 bp54.8 bp −$55doesn't fitdoesn't fitdoesn'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.

MEW on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX MEW/USD [WBTC.b-USDC]L 0.0000% / S 0.0000%1h0.0004650−0.837%——100xas long as short
Injective MEW/USDC PERP+0.0033%1h0.0004219−10.028%$46$14K5.5xas long as short
Binance MEWUSDT+0.0100%4h0.0004665−0.517%$1.3M$3.4M50xas long as short
Bybit MEWUSDT+0.0100%4h0.0004660−0.623%$1.4M$1.5M25xas long as short
OKX MEW-USDT-SWAP+0.0100%4h0.0004655−0.730%$538K$877K20xas long as short
Gate MEW_USDT+0.0100%4h0.0004659−0.645%$135K$139K50xas long as short
MEXC MEW_USDT+0.0100%4h0.0004664−0.538%$354K$182K125xas long as short
KuCoin MEWUSDTM+0.0100%4h0.0004662−0.581%$324K$128K30xas long as short
Bitget MEWUSDT+0.0100%4h0.0004657−0.687%$486K$526K50xas long as short
BingX MEW-USDT+0.0100%4h0.0004659−0.645%—$6.7M—as long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MEWlong+0.0100%4h0.0004689long leg$83K$36K—
Kraken Futures PF_MEWUSDshort+0.0422%1h0.0004663−0.555%$89K$127K10x