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

ME

all ME markets
SwapBacktest
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: KuCoin against Gate−0.107%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$520as in the Funding arb table
Net, price: spread back to 7d avg − costs−$536as in the Price arb table
costs, in and out, $10k−$5205.205% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.107%, 7d avg +0.052%
Together, before fees+0.141%+$14 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: KuCoin is 0.159% cheaper against Gate than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.052%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ME_USDT0.074600.0100pay 0.0100% / 8h2h 21m$193K$75K50x
ShortKuCoin MEUSDTM0.074520.0100get 0.0050% / 4h2h 21m$213K$32K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.107% → +0.052%
−$15.88
Slippage, 4 orders
−$493.48
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$536.36
Costs to cover
5.205%
Break-even
never at this rate
Slippage from Gate: live order book, 20 min ago; KuCoin: live order book, 35 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, 20 min ago6.70 bp33.3 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 35 min ago25.16 bp154.8 bp −$155doesn't fitdoesn'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
Bybit MEUSDT−0.0033%4h0.07456−0.054%$1.5M$821K25xas long as short
BloFin ME-USDT+0.0100%4h0.07445−0.201%$107K$9K50xas long as short
Hyperliquid ME+0.0100%1h0.07458−0.027%$233K$111K3xas long as short
Aster MEUSDT+0.0100%4h0.07456−0.050%$13K$21K5xas long as short
Binance MEUSDT+0.0100%4h0.07456−0.050%$2.1M$4.1M50xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07456−0.054%$471K$1.2M20xas long as short
Gate ME_USDTlong+0.0100%8h0.07460long leg$193K$75K50x
MEXC ME_USDT+0.0100%4h0.07455−0.067%$494K$131K20xas long as short
KuCoin MEUSDTMshort+0.0100%4h0.07452−0.107%$213K$32K30x
Bitget MEUSDT+0.0100%4h0.07459−0.013%$639K$437K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDT+0.0100%4h0.07459−0.013%$1.3Mas long as short
Variational Omni ME+0.0100%4h0.07418−0.559%$12K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07460−0.003%$26K15xas long as short