Funding arb · Price arb /

ME

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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 +0.001%

Price spread now: Variational Omni against Bybit−0.238%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 0.238% cheaper against Bybit than usual: you would sell low and buy high, −$24 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	Bybit MEUSDT	0.07428	0.0100	pay 0.0050% / 4h	2h 48m	$1.5M	$675K	25x
Short	Variational Omni ME	0.07410	0.0100	get 0.0050% / 4h	2h 48m	$12K	$2K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.238%Rate

Funding earned: $0
Price spread: −0.238% → 0.000%: −$23.76
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$34.76
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	5.39 bp	46.4 bp −$46	235.5 bp −$2,355	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.

ME on 13 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
Hyperliquid ME	+0.0100%	1h	0.07424	−0.054%	$235K	$100K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07416	−0.157%	$13K	$20K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07422	−0.081%	$2.2M	$3.9M	50x	as long as short
Bybit MEUSDTlong	+0.0100%	4h	0.07428	long leg	$1.5M	$675K	25x
OKX ME-USDT-SWAP	+0.0100%	4h	0.07417	−0.148%	$482K	$1.1M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07420	−0.108%	$190K	$70K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07422	−0.081%	$484K	$131K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07416	−0.162%	$206K	$27K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07429	+0.013%	$633K	$413K	25x	as long as short
BingX ME-USDT	+0.0100%	4h	0.07427	−0.013%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEshort	+0.0100%	4h	0.07410	−0.238%	$12K	$2K	—
BloFin ME-USDT	+0.0130%	4h	0.07425	−0.040%	$110K	$7K	50x	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07419	−0.116%	$26K	—	15x	as long as short