Settings8H · net · $10k
Funding arb · Price arb /

ME

all ME markets
SwapBacktest
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 BingX+0.067%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$980.979% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.027%−$3 on $10k
Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.067%, 7d avg +0.018%
Together, before fees−0.109%−$11 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 0.049% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ME-USDT0.074600.0100pay 0.0050% / 4h1h 45m$1.3M
ShortBitget MEUSDT0.074650.0100get 0.0050% / 4h1h 45m$636K$414K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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

Funding earned
$0
Price spread: +0.067% → +0.018%
$4.94
Slippage, 4 orders
−$75.85
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$92.92
Costs to cover
0.979%
Break-even
never at this rate
Slippage from BingX: live order book, 16 min ago; Bitget: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 16 min ago5.36 bp22.1 bp −$2284.1 bp −$841652.1 bp −$65.2K894.4 bp −$447.2K
Sell Bitget live order book, 15 min ago7.35 bp25.0 bp −$25119.5 bp −$1,195doesn't fitdoesn't fit

ME on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ME-USDT+0.0044%4h0.07461+0.013%$8K50xas long as short
Hyperliquid ME+0.0100%1h0.07471+0.147%$237K$99K3xas long as short
Aster MEUSDT+0.0100%4h0.07459−0.019%$13K$20K5xas long as short
Binance MEUSDT+0.0100%4h0.07462+0.021%$2.1M$3.9M50xas long as short
Bybit MEUSDT+0.0100%4h0.074600.000%$1.5M$741K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07461+0.013%$492K$1.1M20xas long as short
Gate ME_USDT+0.0100%8h0.074600.000%$190K$71K50xas long as short
MEXC ME_USDT+0.0100%4h0.07463+0.040%$481K$131K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07466+0.080%$207K$28K30xas long as short
Bitget MEUSDTshort+0.0100%4h0.07465+0.067%$636K$414K25x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDTlong+0.0100%4h0.07460long leg$1.3M
Variational Omni ME+0.0100%4h0.07458−0.031%$12K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07468+0.111%$26K15xas long as short