Funding arb · Price arb /

ME

all ME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance+0.010%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$920.920% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.010%, 7d avg +0.039%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.029% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MEUSDT	0.07438	0.0100	pay 0.0050% / 4h	3h 46m	$2.2M	$3.9M	50x
Short	Bitget MEUSDT	0.07439	0.0100	get 0.0050% / 4h	3h 46m	$641K	$411K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → +0.039%: −$2.89
Slippage, 4 orders: −$70.04
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.93
Costs to cover: 0.920%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Bitget: live order book, 24 min ago.

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 Binance live order book, 5 min ago	0.67 bp	21.1 bp −$21	256.8 bp −$2,568	doesn't fit	doesn't fit
Sell Bitget live order book, 24 min ago	4.72 bp	23.3 bp −$23	77.3 bp −$773	doesn't fit	doesn't fit

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
Hyperliquid ME	+0.0100%	1h	0.07434	−0.058%	$234K	$96K	3x	as long as short
Binance MEUSDTlong	+0.0100%	4h	0.07438	long leg	$2.2M	$3.9M	50x
Bybit MEUSDT	+0.0100%	4h	0.07439	+0.010%	$1.5M	$664K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07430	−0.111%	$482K	$1.0M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07440	+0.023%	$190K	$73K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07437	−0.017%	$507K	$129K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07441	+0.036%	$207K	$25K	30x	as long as short
Bitget MEUSDTshort	+0.0100%	4h	0.07439	+0.010%	$641K	$411K	25x
BingX ME-USDT	+0.0100%	4h	0.07436	−0.031%	—	$1.3M	—	as long as short
Variational Omni ME	+0.0100%	4h	0.07453	+0.196%	$12K	$2K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ME-USDT	+0.0137%	4h	0.07433	−0.071%	$108K	$7K	50x	as long as short
Aster MEUSDT	+0.0201%	4h	0.07440	+0.028%	$17K	$11K	5x	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07436	−0.033%	$26K	—	15x	as long as short