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

ME

all ME markets
SwapBacktest
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 0.000%
Price spread now: KuCoin against BingX0.000%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$787as in the Funding arb table
Net, price: spread back to 7d avg − costs−$791as in the Price arb table
costs, in and out, $10k−$7887.877% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 4 days (all we have)−0.011%−$1 · spread now 0.000%, 7d avg +0.035%
Together, before fees−0.004%$0 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: KuCoin is 0.035% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ME-USDT0.074330.0100pay 0.0050% / 4h0m 43s$1.3M
ShortKuCoin MEUSDTM0.074330.0100get 0.0050% / 4h0m 43s$207K$25K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: 0.000% → +0.035%
−$3.51
Slippage, 4 orders
−$765.72
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$791.23
Costs to cover
7.877%
Break-even
never at this rate
Slippage from BingX: live order book, 5 min ago; KuCoin: live order book, 59 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, 5 min ago4.72 bp23.0 bp −$2394.9 bp −$949503.6 bp −$50.4K722.3 bp −$361.2K
Sell KuCoin live order book, 59 min ago21.78 bp349.4 bp −$349doesn't fitdoesn'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
Hyperliquid ME+0.0100%1h0.07432−0.013%$234K$96K3xas long as short
Binance MEUSDT+0.0100%4h0.07440+0.094%$2.1M$3.9M50xas long as short
Bybit MEUSDT+0.0100%4h0.07432−0.013%$1.5M$658K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07432−0.013%$478K$1.0M20xas long as short
Gate ME_USDT+0.0100%8h0.07420−0.175%$190K$74K50xas long as short
MEXC ME_USDT+0.0100%4h0.07434+0.013%$507K$132K20xas long as short
KuCoin MEUSDTMshort+0.0100%4h0.074330.000%$207K$25K30x
Bitget MEUSDT+0.0100%4h0.07437+0.054%$647K$409K25xas long as short
BingX ME-USDTlong+0.0100%4h0.07433long leg$1.3M
Variational Omni ME+0.0100%4h0.07431−0.027%$12K$2Kas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ME-USDT+0.0141%4h0.07425−0.108%$108K$7K50xas long as short
Aster MEUSDT+0.0192%4h0.07426−0.090%$17K$11K5xas long as short
Reya MERUSDPERP+0.0228%1h0.07432−0.014%$26K15xas long as short