Funding arb · Price arb /

ME

all ME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Gate−0.026%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$1621.622% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.026%, 7d avg −0.003%

Together, before fees−0.037%−$4 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: Binance is 0.024% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ME_USDT	0.07560	0.0100	pay 0.0100% / 8h	1h 08m	$198K	$78K	50x
Short	Binance MEUSDT	0.07558	0.0100	get 0.0050% / 4h	1h 08m	$2.1M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.003%: −$2.37
Slippage, 4 orders: −$137.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$164.59
Costs to cover: 1.622%
Break-even: never at this rate

Slippage from Gate: live order book, 28 min ago; Binance: live order book, 13 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 Gate live order book, 28 min ago	13.24 bp	45.0 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.32 bp	26.0 bp −$26	87.1 bp −$871	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	0.07560	0.000%	$238K	$114K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07563	+0.046%	$13K	$21K	5x	as long as short
Binance MEUSDTshort	+0.0100%	4h	0.07558	−0.026%	$2.1M	$4.2M	50x
Bybit MEUSDT	+0.0100%	4h	0.07565	+0.066%	$1.6M	$842K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07560	0.000%	$480K	$1.2M	20x	as long as short
Gate ME_USDTlong	+0.0100%	8h	0.07560	long leg	$198K	$78K	50x
MEXC ME_USDT	+0.0100%	4h	0.07559	−0.013%	$506K	$131K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07578	+0.238%	$217K	$33K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07560	0.000%	$645K	$427K	25x	as long as short
BingX ME-USDT	+0.0100%	4h	0.07565	+0.066%	—	$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	0.07559	−0.018%	$11K	$2K	—	as long as short
BloFin ME-USDT	+0.0131%	4h	0.07559	−0.013%	$107K	$9K	50x	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07555	−0.063%	$27K	—	15x	as long as short