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 −0.001%

Price spread now: Bybit against Variational Omni+0.196%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 Bybit

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: Bybit is 0.196% dearer against Variational Omni 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	Variational Omni ME	0.07414	0.0100	pay 0.0050% / 4h	51m 37s	$11K	$1K	—
Short	Bybit MEUSDT	0.07429	0.0100	get 0.0050% / 4h	51m 37s	$1.5M	$647K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.196%Rate

Funding earned: $0
Price spread: +0.196% → 0.000%: $19.56
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $8.56
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago	4.72 bp	46.1 bp −$46	273.2 bp −$2,732	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.

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	+0.0093%	4h	0.07429	+0.196%	$107K	$7K	50x	as long as short
Hyperliquid ME	+0.0100%	1h	0.07433	+0.250%	$234K	$96K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07424	+0.123%	$17K	$11K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07429	+0.196%	$2.1M	$3.9M	50x	as long as short
Bybit MEUSDTshort	+0.0100%	4h	0.07429	+0.196%	$1.5M	$647K	25x
OKX ME-USDT-SWAP	+0.0100%	4h	0.07433	+0.250%	$477K	$1.0M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07430	+0.209%	$190K	$74K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07431	+0.223%	$504K	$128K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07429	+0.196%	$207K	$25K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07440	+0.344%	$647K	$417K	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	0.07431	+0.223%	—	$1.3M	—	as long as short
Variational Omni MElong	+0.0100%	4h	0.07414	long leg	$11K	$1K	—
Reya MERUSDPERP	+0.0228%	1h	0.07436	+0.284%	$26K	—	15x	as long as short