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: Bitget against Bybit+0.040%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1481.481% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.026%+$3 on $10k
Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.040%, 7d avg −0.002%
Together, before fees−0.029%−$3 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: Bitget is 0.042% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MEUSDT0.074680.0100pay 0.0050% / 4h1h 44m$1.5M$741K25x
ShortBitget MEUSDT0.074710.0100get 0.0050% / 4h1h 44m$637K$414K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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% → −0.002%
$4.22
Slippage, 4 orders
−$125.12
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$143.9
Costs to cover
1.481%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 16 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 Bybit live order book, 2 min ago7.38 bp47.6 bp −$48448.6 bp −$4,486doesn't fitdoesn't fit
Sell Bitget live order book, 16 min ago7.35 bp25.0 bp −$25119.5 bp −$1,195doesn'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+0.0052%4h0.07454−0.187%$109K$8K50xas long as short
Hyperliquid ME+0.0100%1h0.07470+0.027%$237K$99K3xas long as short
Aster MEUSDT+0.0100%4h0.07468+0.007%$13K$20K5xas long as short
Binance MEUSDT+0.0100%4h0.07466−0.025%$2.1M$3.9M50xas long as short
Bybit MEUSDTlong+0.0100%4h0.07468long leg$1.5M$741K25x
OKX ME-USDT-SWAP+0.0100%4h0.07461−0.094%$492K$1.1M20xas long as short
Gate ME_USDT+0.0100%8h0.07460−0.107%$190K$71K50xas long as short
MEXC ME_USDT+0.0100%4h0.07466−0.027%$481K$131K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07472+0.054%$207K$28K30xas long as short
Bitget MEUSDTshort+0.0100%4h0.07471+0.040%$637K$414K25x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDT+0.0100%4h0.07470+0.027%$1.3Mas long as short
Variational Omni ME+0.0100%4h0.07458−0.138%$12K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07468+0.003%$26K15xas long as short