ME

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.001%

Price spread now: Bybit against BloFin+0.802%82s7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1591.589% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)−0.783%−$78 · spread now +0.802%, 7d avg +0.028%

Together, before fees−0.772%−$77 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.775% dearer against BloFin than usual: you sell high and buy low (spread +0.802% now, against its 7-day average of +0.028%): +$77 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ME-USDT	0.07353	0.0135	pay 0.0067% / 4h	57m 49s	$107K	$7K	50x
Short	Bybit MEUSDT	0.07412	0.0100	get 0.0050% / 4h	57m 49s	$1.5M	$648K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now +0.802%Rate

Funding earned: −$7.27
Price spread: +0.802% → +0.028%: $77.48
Slippage, 4 orders: −$135.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$88.69
Costs to cover: 1.589%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Bybit: live order book, 3 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 BloFin live order book, 2 min ago	2.04 bp	13.4 bp −$13	59.4 bp −$594	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.76 bp	63.4 bp −$63	318.8 bp −$3,188	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	0.07412	+0.802%	$233K	$96K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07400	+0.639%	$17K	$11K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07408	+0.752%	$2.1M	$3.9M	50x	as long as short
Bybit MEUSDTshort	+0.0100%	4h	0.07412	+0.802%	$1.5M	$648K	25x
OKX ME-USDT-SWAP	+0.0100%	4h	0.07414	+0.830%	$467K	$1.0M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07390	+0.503%	$190K	$74K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07412	+0.802%	$498K	$128K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07384	+0.422%	$206K	$25K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07416	+0.857%	$645K	$417K	25x	as long as short
BingX ME-USDT	+0.0100%	4h	0.07413	+0.816%	—	$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	0.07338	−0.211%	$11K	$1K	—	as long as short
BloFin ME-USDTlong	+0.0135%	4h	0.07353	long leg	$107K	$7K	50x
Reya MERUSDPERP	+0.0228%	1h	0.07389	+0.489%	$26K	—	15x	as long as short