Funding arb · Price arb /

ME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against OKX+0.315%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Variational Omni

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.315% dearer against OKX than usual: you sell high and buy low, +$31 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	OKX ME-USDT-SWAP	0.07414	0.0100	pay 0.0050% / 4h	2h 27m	$463K	$1.2M	20x
Short	Variational Omni ME	0.07437	0.0100	get 0.0050% / 4h	2h 27m	$12K	$2K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now +0.315%Rate

Funding earned: $0
Price spread: +0.315% → 0.000%: $31.49
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $21.49
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	4.71 bp	31.3 bp −$31	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	−0.0090%	4h	0.07430	+0.216%	$1.5M	$822K	25x	as long as short
BloFin ME-USDT	+0.0046%	4h	0.07449	+0.472%	$107K	$9K	50x	as long as short
Hyperliquid ME	+0.0100%	1h	0.07430	+0.216%	$233K	$111K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07445	+0.422%	$13K	$21K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07432	+0.243%	$2.1M	$4.1M	50x	as long as short
OKX ME-USDT-SWAPlong	+0.0100%	4h	0.07414	long leg	$463K	$1.2M	20x
Gate ME_USDT	+0.0100%	8h	0.07440	+0.351%	$192K	$74K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07431	+0.229%	$493K	$131K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07451	+0.499%	$213K	$32K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07441	+0.364%	$637K	$436K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ME-USDT	+0.0100%	4h	0.07429	+0.202%	—	$1.3M	—	as long as short
Variational Omni MEshort	+0.0100%	4h	0.07437	+0.315%	$12K	$2K	—
Reya MERUSDPERP	+0.0228%	1h	0.07430	+0.214%	$26K	—	15x	as long as short