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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Gate+0.164%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1371.375% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.027%−$3 on $10k
Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.164%, 7d avg +0.032%
Together, before fees−0.161%−$16 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 0.132% dearer against Gate than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ME_USDT0.073200.0100pay 0.0100% / 8h1h 41m$189K$74K50x
ShortBitget MEUSDT0.073320.0100get 0.0050% / 4h1h 41m$634K$416K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.164% → +0.032%
$13.2
Slippage, 4 orders
−$110.46
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$124.26
Costs to cover
1.375%
Break-even
never at this rate
Slippage from Gate: live order book, 35 min ago; Bitget: live order book, 39 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, 35 min ago13.55 bp40.9 bp −$41doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 39 min ago3.39 bp21.5 bp −$2170.8 bp −$708doesn'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
Hyperliquid ME+0.0100%1h0.07326+0.082%$230K$96K3xas long as short
Aster MEUSDT+0.0100%4h0.07334+0.187%$17K$11K5xas long as short
Binance MEUSDT+0.0100%4h0.07330+0.139%$2.1M$3.8M50xas long as short
Bybit MEUSDT+0.0100%4h0.07329+0.123%$1.5M$636K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07323+0.041%$465K$965K20xas long as short
Gate ME_USDTlong+0.0100%8h0.07320long leg$189K$74K50x
MEXC ME_USDT+0.0100%4h0.07330+0.137%$493K$128K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07330+0.137%$204K$25K30xas long as short
Bitget MEUSDTshort+0.0100%4h0.07332+0.164%$634K$416K25x
BingX ME-USDT+0.0100%4h0.07328+0.109%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07317−0.044%$11K$2Kas long as short
BloFin ME-USDT+0.0146%4h0.07325+0.068%$107K$7K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07331+0.148%$26K15xas long as short