Funding arb · Price arb /

MEW

all MEW markets

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: Variational Omni against OKX+0.048%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 0.048% dearer against OKX than usual: you sell high and buy low, +$5 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 MEW-USDT-SWAP	0.0004745	0.0100	pay 0.0050% / 4h	1h 49m	$566K	$972K	20x
Short	Variational Omni MEW	0.0004747	0.0100	get 0.0050% / 4h	1h 49m	$83K	$37K	—

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 +0.048%Rate

Funding earned: $0
Price spread: +0.048% → 0.000%: $4.82
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$5.18
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 59 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, 59 min ago	4.22 bp	28.2 bp −$28	9562.1 bp −$95.6K	174391.1 bp −$17.44M	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.

MEW on 12 exchanges

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	0.0004740	−0.105%	—	—	100x	as long as short
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−11.085%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004752	+0.148%	$1.3M	$3.6M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004752	+0.148%	$1.5M	$1.6M	25x	as long as short
OKX MEW-USDT-SWAPlong	+0.0100%	4h	0.0004745	long leg	$566K	$972K	20x
Gate MEW_USDT	+0.0100%	4h	0.0004746	+0.021%	$137K	$113K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004754	+0.190%	$354K	$176K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004756	+0.232%	$376K	$120K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004753	+0.169%	$483K	$557K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004749	+0.084%	—	$9.5M	—	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEWshort	+0.0100%	4h	0.0004747	+0.048%	$83K	$37K	—
Kraken Futures PF_MEWUSD	+0.0890%	1h	0.0004755	+0.201%	$100K	$135K	10x	as long as short