Funding arb · Price arb /

ME

all ME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h +0.001%

Price spread now: BloFin against Gate+0.096%78s7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1251.249% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 3 days (all we have)−0.073%−$7 · spread now +0.096%, 7d avg +0.006%

Together, before fees−0.140%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.089% dearer against Gate than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of +0.006%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ME_USDT	0.07320	0.0100	pay 0.0100% / 8h	1h 53m	$201K	$65K	50x
Short	BloFin ME-USDT	0.07327	0.0075	get 0.0038% / 4h	1h 53m	$107K	$8K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.096%Rate

Funding earned: −$5.2
Price spread: +0.096% → +0.006%: $8.92
Slippage, 4 orders: −$97.93
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$121.21
Costs to cover: 1.249%
Break-even: never at this rate

Slippage from Gate: live order book, 22 min ago; BloFin: 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, 22 min ago	13.55 bp	40.9 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 13 min ago	0.68 bp	10.6 bp −$11	33.0 bp −$330	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
BloFin ME-USDTshort	+0.0075%	4h	0.07327	+0.096%	$107K	$8K	50x
Hyperliquid ME	+0.0100%	1h	0.07323	+0.041%	$230K	$96K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07325	+0.064%	$17K	$11K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07325	+0.068%	$2.1M	$3.8M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07327	+0.096%	$1.4M	$632K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07324	+0.055%	$466K	$974K	20x	as long as short
Gate ME_USDTlong	+0.0100%	8h	0.07320	long leg	$201K	$65K	50x
MEXC ME_USDT	+0.0100%	4h	0.07323	+0.041%	$492K	$128K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07336	+0.219%	$204K	$25K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07325	+0.068%	$634K	$416K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ME-USDT	+0.0100%	4h	0.07324	+0.055%	—	$1.3M	—	as long as short
Variational Omni ME	+0.0100%	4h	0.07330	+0.135%	$11K	$2K	—	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07333	+0.184%	$26K	—	15x	as long as short