Funding arb · Price arb /

MEW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Variational Omni+0.233%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

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: Binance is 0.233% dearer against Variational Omni than usual: you sell high and buy low, +$23 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	0.0004708	0.0100	pay 0.0050% / 4h	3h 26m	$83K	$36K	—
Short	Binance MEWUSDT	0.0004719	0.0100	get 0.0050% / 4h	3h 26m	$1.3M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.233%Rate

Funding earned: $0
Price spread: +0.233% → 0.000%: $23.32
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $13.32
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Binance: live order book, 10 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 Binance live order book, 10 min ago	4.22 bp	18.9 bp −$19	80.4 bp −$804	doesn't fit	doesn'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.

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	0.0004710	+0.048%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−10.381%	$46	$14K	5.5x	as long as short
Binance MEWUSDTshort	+0.0100%	4h	0.0004719	+0.233%	$1.3M	$3.7M	50x
Bybit MEWUSDT	+0.0100%	4h	0.0004720	+0.261%	$1.5M	$1.6M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004718	+0.218%	$550K	$941K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004710	+0.048%	$136K	$148K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004718	+0.218%	$375K	$182K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004724	+0.346%	$378K	$129K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004719	+0.240%	$483K	$556K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004710	+0.048%	—	$6.7M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEWlong	+0.0100%	4h	0.0004708	long leg	$83K	$36K	—
Kraken Futures PF_MEWUSD	+0.1429%	1h	0.0004732	+0.516%	$96K	$141K	10x	as long as short