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

ME

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Gate−0.053%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$2082.079% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.053%, 7d avg +0.015%
Together, before fees+0.099%+$10 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: BingX is 0.069% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ME_USDT0.075100.0100pay 0.0100% / 8h5h 19m$192K$71K50x
ShortBingX ME-USDT0.075060.0100get 0.0050% / 4h1h 19m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: −0.053% → +0.015%
−$6.86
Slippage, 4 orders
−$182.9
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
−$214.76
Costs to cover
2.079%
Break-even
never at this rate
Slippage from Gate: live order book, 36 min ago; BingX: live order book, 2 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 Gate live order book, 36 min ago6.68 bp52.1 bp −$52doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 2 min ago4.66 bp29.9 bp −$3090.5 bp −$905631.8 bp −$63.2K842.7 bp −$421.4K

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
Hyperliquid ME+0.0100%1h0.07509−0.013%$238K$99K3xas long as short
Aster MEUSDT+0.0100%4h0.07502−0.112%$13K$20K5xas long as short
Binance MEUSDT+0.0100%4h0.07511+0.008%$2.1M$3.9M50xas long as short
Bybit MEUSDT+0.0100%4h0.07511+0.013%$1.5M$755K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07513+0.040%$496K$1.1M20xas long as short
Gate ME_USDTlong+0.0100%8h0.07510long leg$192K$71K50x
MEXC ME_USDT+0.0100%4h0.07507−0.040%$498K$134K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07508−0.027%$208K$28K30xas long as short
Bitget MEUSDT+0.0100%4h0.07509−0.013%$651K$418K25xas long as short
BingX ME-USDTshort+0.0100%4h0.07506−0.053%$1.3M
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07506−0.052%$12K$2Kas long as short
BloFin ME-USDT+0.0143%4h0.07500−0.133%$109K$8K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07508−0.033%$26K15xas long as short