Funding arb · Price arb /

ME

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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: Variational Omni against KuCoin−0.140%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 0.140% cheaper against KuCoin than usual: you would sell low and buy high, −$14 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	KuCoin MEUSDTM	0.07411	0.0100	pay 0.0050% / 4h	3h 32m	$206K	$27K	30x
Short	Variational Omni ME	0.07401	0.0100	get 0.0050% / 4h	3h 32m	$11K	$1K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now −0.140%Rate

Funding earned: $0
Price spread: −0.140% → 0.000%: −$14.02
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$26.02
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago	22.30 bp	201.9 bp −$202	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.

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
Bybit MEUSDT	−0.0030%	4h	0.07410	−0.013%	$1.5M	$622K	25x	as long as short
Hyperliquid ME	+0.0100%	1h	0.07402	−0.121%	$233K	$99K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07411	−0.004%	$24K	$5K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07408	−0.046%	$2.1M	$3.8M	50x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07400	−0.148%	$471K	$984K	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07410	−0.013%	$204K	$66K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07407	−0.054%	$494K	$126K	20x	as long as short
KuCoin MEUSDTMlong	+0.0100%	4h	0.07411	long leg	$206K	$27K	30x
Bitget MEUSDT	+0.0100%	4h	0.07412	+0.013%	$641K	$416K	25x	as long as short
BingX ME-USDT	+0.0100%	4h	0.07410	−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	0.07401	−0.140%	$11K	$1K	—
BloFin ME-USDT	+0.0157%	4h	0.07397	−0.189%	$110K	$8K	50x	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07406	−0.070%	$26K	—	15x	as long as short