Funding arb · Price arb /

ME

all ME markets

Swap Backtest

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 −0.001%

Price spread now: Bybit against Bitget−0.027%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1331.325% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.027%, 7d avg +0.003%

Together, before fees+0.020%+$2 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: Bybit is 0.030% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEUSDT	0.07325	0.0100	pay 0.0050% / 4h	1h 56m	$634K	$416K	25x
Short	Bybit MEUSDT	0.07323	0.0100	get 0.0050% / 4h	1h 56m	$1.4M	$629K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee BitgetbpFee BybitbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.003%: −$3.01
Slippage, 4 orders: −$109.52
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$135.53
Costs to cover: 1.325%
Break-even: never at this rate

Slippage from Bitget: live order book, 23 min ago; Bybit: live order book, 4 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 Bitget live order book, 23 min ago	3.39 bp	27.2 bp −$27	140.9 bp −$1,409	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.78 bp	36.3 bp −$36	191.5 bp −$1,915	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	0.07329	+0.055%	$230K	$98K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07323	−0.030%	$17K	$11K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07329	+0.053%	$2.1M	$3.8M	50x	as long as short
Bybit MEUSDTshort	+0.0100%	4h	0.07323	−0.027%	$1.4M	$629K	25x
OKX ME-USDT-SWAP	+0.0100%	4h	0.07323	−0.027%	$466K	$973K	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07320	−0.068%	$201K	$65K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07327	+0.027%	$492K	$127K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07332	+0.096%	$204K	$25K	30x	as long as short
Bitget MEUSDTlong	+0.0100%	4h	0.07325	long leg	$634K	$416K	25x
BingX ME-USDT	+0.0100%	4h	0.07326	+0.014%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ME	+0.0100%	4h	0.07319	−0.079%	$11K	$2K	—	as long as short
BloFin ME-USDT	+0.0130%	4h	0.07317	−0.109%	$108K	$8K	50x	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07316	−0.123%	$26K	—	15x	as long as short