Funding arb · Price arb /

ME

all ME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.038%

Price spread now: Reya against Bitget−0.044%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.044% cheaper against Bitget than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 27 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEUSDT	0.07374	0.0100	pay 0.0050% / 4h	2h 36m	$638K	$416K	25x
Short	Reya MERUSDPERP	0.07371	0.0228	get 0.0028% / 1h	36m 02s	$26K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.044%Rate

Funding earned: $26.83
Price spread: −0.044% → 0.000%: −$4.37
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $4.46
Costs to cover: 0.180%
Break-even: 5.8 days

Slippage unknown: Bitget: live order book, 49 min ago; Reya: no order-book sample. Net counts fees only.

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, 49 min ago	2.70 bp	23.8 bp −$24	231.1 bp −$2,311	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit MEUSDT	+0.0066%	4h	0.07370	−0.054%	$1.5M	$626K	25x	as long as short
Hyperliquid ME	+0.0100%	1h	0.07366	−0.108%	$232K	$98K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07375	+0.012%	$17K	$11K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07369	−0.063%	$2.1M	$3.8M	50x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07363	−0.149%	$469K	$980K	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07370	−0.054%	$203K	$65K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07371	−0.041%	$496K	$127K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07371	−0.041%	$205K	$26K	30x	as long as short
Bitget MEUSDTlong	+0.0100%	4h	0.07374	long leg	$638K	$416K	25x
BingX ME-USDT	+0.0100%	4h	0.07370	−0.054%	—	$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	0.07374	+0.001%	$11K	$1K	—	as long as short
BloFin ME-USDT	+0.0127%	4h	0.07374	0.000%	$109K	$8K	50x	as long as short
Reya MERUSDPERPshort	+0.0228%	1h	0.07371	−0.044%	$26K	—	15x