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 Bybit+0.198%7-day average — · you sell dearer than you buy

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 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 0.198% dearer against Bybit than usual: you sell high and buy low, +$20 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	0.07569	0.0100	pay 0.0050% / 4h	38m 21s	$1.6M	$851K	25x
Short	Variational Omni ME	0.07584	0.0100	get 0.0050% / 4h	38m 21s	$11K	$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 +0.198%Rate

Funding earned: $0
Price spread: +0.198% → 0.000%: $19.85
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: $8.85
Costs to cover: 0.110%
Break-even: from the start

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	6.59 bp	46.3 bp −$46	458.7 bp −$4,587	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
BloFin ME-USDT	+0.0099%	4h	0.07572	+0.040%	$107K	$9K	50x	as long as short
Hyperliquid ME	+0.0100%	1h	0.07563	−0.079%	$242K	$125K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07571	+0.024%	$13K	$21K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07566	−0.043%	$2.1M	$4.3M	50x	as long as short
Bybit MEUSDTlong	+0.0100%	4h	0.07569	long leg	$1.6M	$851K	25x
OKX ME-USDT-SWAP	+0.0100%	4h	0.07565	−0.053%	$478K	$1.3M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07570	+0.013%	$198K	$78K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07568	−0.013%	$505K	$132K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07577	+0.106%	$216K	$34K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07575	+0.079%	$650K	$429K	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	0.07569	0.000%	—	$1.3M	—	as long as short
Variational Omni MEshort	+0.0100%	4h	0.07584	+0.198%	$11K	$2K	—
Reya MERUSDPERP	+0.0228%	1h	0.07564	−0.070%	$27K	—	15x	as long as short