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: KuCoin against Bitget+0.120%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$615as in the Funding arb table
Net, price: spread back to 7d avg − costs−$609as in the Price arb table
costs, in and out, $10k−$6196.189% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.035%+$3 on $10k
Price spread, last 4 days (all we have)−0.135%−$14 · spread now +0.120%, 7d avg +0.018%
Together, before fees−0.101%−$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: KuCoin is 0.103% dearer against Bitget than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MEUSDT0.074910.0100pay 0.0050% / 4h50m 33s$651K$423K25x
ShortKuCoin MEUSDTM0.075000.0100get 0.0050% / 4h50m 33s$208K$29K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.120% → +0.018%
$10.25
Slippage, 4 orders
−$594.88
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$608.62
Costs to cover
6.189%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 30 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, 5 min ago5.98 bp29.5 bp −$29261.0 bp −$2,610doesn't fitdoesn't fit
Sell KuCoin live order book, 30 min ago45.27 bp226.9 bp −$227doesn'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
BloFin ME-USDT+0.0055%4h0.07500+0.120%$109K$8K50xas long as short
Hyperliquid ME+0.0100%1h0.07482−0.120%$237K$100K3xas long as short
Aster MEUSDT+0.0100%4h0.07495+0.047%$13K$20K5xas long as short
Binance MEUSDT+0.0100%4h0.07477−0.182%$2.1M$4.0M50xas long as short
Bybit MEUSDT+0.0100%4h0.07483−0.107%$1.5M$767K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07479−0.160%$488K$1.1M20xas long as short
Gate ME_USDT+0.0100%8h0.07500+0.120%$191K$70K50xas long as short
MEXC ME_USDT+0.0100%4h0.07484−0.093%$497K$130K20xas long as short
KuCoin MEUSDTMshort+0.0100%4h0.07500+0.120%$208K$29K30x
Bitget MEUSDTlong+0.0100%4h0.07491long leg$651K$423K25x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDT+0.0100%4h0.074910.000%$1.3Mas long as short
Variational Omni ME+0.0100%4h0.07487−0.051%$12K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07494+0.037%$26K15xas long as short