Settings8H · net · $10k
Funding arb · Price arb /

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.039%
Price spread now: Reya against Bybit+0.008%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MEUSDT0.073060.0100pay 0.0050% / 4h1h 32m$1.4M$642K25x
ShortReya MERUSDPERP0.073070.0228get 0.0028% / 1h32m 56s$26K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$26.83
Price spread: +0.008% → 0.000%
$0.75
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Reya: 3 bp × 2 orders
−$6
Net
$10.58
Costs to cover
0.170%
Break-even
4.2 days
Slippage unknown: Bybit: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago4.78 bp39.2 bp −$39360.2 bp −$3,602doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ME-USDT+0.0092%4h0.07326+0.274%$106K$7K50xas long as short
Hyperliquid ME+0.0100%1h0.073060.000%$229K$96K3xas long as short
Aster MEUSDT+0.0100%4h0.07305−0.013%$17K$11K5xas long as short
Binance MEUSDT+0.0100%4h0.07304−0.025%$2.1M$3.8M50xas long as short
Bybit MEUSDTlong+0.0100%4h0.07306long leg$1.4M$642K25x
OKX ME-USDT-SWAP+0.0100%4h0.07302−0.055%$464K$971K20xas long as short
Gate ME_USDT+0.0100%8h0.07310+0.055%$189K$74K50xas long as short
MEXC ME_USDT+0.0100%4h0.07305−0.014%$491K$129K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07314+0.109%$204K$25K30xas long as short
Bitget MEUSDT+0.0100%4h0.07302−0.055%$632K$416K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDT+0.0100%4h0.07305−0.014%$1.3Mas long as short
Variational Omni ME+0.0100%4h0.07319+0.180%$11K$2Kas long as short
Reya MERUSDPERPshort+0.0228%1h0.07307+0.008%$26K15x