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 BingX+0.441%7-day average — · you sell dearer than you buy

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

Long on BingX 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 0.441% dearer against BingX than usual: you sell high and buy low, +$44 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	BingX ME-USDT	0.07287	0.0100	pay 0.0050% / 4h	1h 31m	—	$1.3M	—
Short	Variational Omni ME	0.07319	0.0100	get 0.0050% / 4h	1h 31m	$11K	$2K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee Variational OmnibpOrdersPrice spread, now +0.441%Rate

Funding earned: $0
Price spread: +0.441% → 0.000%: $44.13
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $34.13
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 15 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 BingX live order book, 15 min ago	5.47 bp	21.4 bp −$21	90.6 bp −$906	638.1 bp −$63.8K	850.5 bp −$425.2K
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
BloFin ME-USDT	+0.0082%	4h	0.07300	+0.178%	$106K	$7K	50x	as long as short
Hyperliquid ME	+0.0100%	1h	0.07289	+0.027%	$229K	$96K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07286	−0.012%	$17K	$11K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07285	−0.021%	$2.1M	$3.8M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07287	0.000%	$1.4M	$642K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07272	−0.206%	$458K	$974K	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07280	−0.096%	$188K	$74K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07281	−0.082%	$489K	$129K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07297	+0.137%	$203K	$25K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07288	+0.014%	$631K	$416K	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-USDTlong	+0.0100%	4h	0.07287	long leg	—	$1.3M	—
Variational Omni MEshort	+0.0100%	4h	0.07319	+0.441%	$11K	$2K	—
Reya MERUSDPERP	+0.0228%	1h	0.07294	+0.097%	$26K	—	15x	as long as short