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: BingX against Bitget−0.040%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1091.092% 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)+0.073%+$7 · spread now −0.040%, 7d avg −0.017%
Together, before fees+0.100%+$10 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: BingX is 0.023% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MEUSDT0.074630.0100pay 0.0050% / 4h2h 09m$640K$418K25x
ShortBingX ME-USDT0.074600.0100get 0.0050% / 4h2h 09m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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: −0.040% → −0.017%
−$2.3
Slippage, 4 orders
−$87.15
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$111.45
Costs to cover
1.092%
Break-even
never at this rate
Slippage from Bitget: live order book, 55 min ago; BingX: live order book, 5 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 Bitget live order book, 55 min ago4.03 bp25.8 bp −$26185.3 bp −$1,853doesn't fitdoesn't fit
Sell BingX live order book, 5 min ago6.00 bp25.7 bp −$2671.6 bp −$716599.4 bp −$59.9K843.1 bp −$421.5K

ME on 12 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%1h0.07452−0.147%$236K$98K3xas long as short
Aster MEUSDT+0.0100%4h0.07467+0.048%$13K$20K5xas long as short
Binance MEUSDT+0.0100%4h0.07452−0.145%$2.1M$4.0M50xas long as short
Bybit MEUSDT+0.0100%4h0.07462−0.013%$1.5M$742K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07446−0.228%$490K$1.1M20xas long as short
Gate ME_USDT+0.0100%8h0.07470+0.094%$190K$71K50xas long as short
MEXC ME_USDT+0.0100%4h0.07456−0.094%$480K$134K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07467+0.054%$207K$29K30xas long as short
Bitget MEUSDTlong+0.0100%4h0.07463long leg$640K$418K25x
BingX ME-USDTshort+0.0100%4h0.07460−0.040%$1.3M
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07470+0.096%$12K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07461−0.024%$26K15xas long as short