Funding arb · Price arb /

ME

all ME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin+0.051%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$479as in the Funding arb table

Net, price: spread back to 7d avg − costs−$460as in the Price arb table

costs, in and out, $10k−$4714.712% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.051%, 7d avg −0.058%

Together, before fees−0.136%−$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: Binance is 0.109% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEUSDTM	0.07379	0.0100	pay 0.0050% / 4h	2h 25m	$206K	$26K	30x
Short	Binance MEUSDT	0.07383	0.0100	get 0.0050% / 4h	2h 25m	$2.1M	$3.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → −0.058%: $10.87
Slippage, 4 orders: −$449.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$460.38
Costs to cover: 4.712%
Break-even: never at this rate

Slippage from KuCoin: live order book, 53 min ago; Binance: live order book, 11 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 KuCoin live order book, 53 min ago	15.51 bp	183.3 bp −$183	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	2.04 bp	18.2 bp −$18	66.6 bp −$666	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-USDT	+0.0064%	4h	0.07371	−0.108%	$109K	$8K	50x	as long as short
Hyperliquid ME	+0.0100%	1h	0.07379	0.000%	$232K	$99K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07379	+0.006%	$17K	$11K	5x	as long as short
Binance MEUSDTshort	+0.0100%	4h	0.07383	+0.051%	$2.1M	$3.8M	50x
Bybit MEUSDT	+0.0100%	4h	0.07381	+0.027%	$1.5M	$626K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07382	+0.041%	$470K	$981K	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07370	−0.122%	$203K	$65K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07382	+0.041%	$500K	$127K	20x	as long as short
KuCoin MEUSDTMlong	+0.0100%	4h	0.07379	long leg	$206K	$26K	30x
Bitget MEUSDT	+0.0100%	4h	0.07378	−0.014%	$638K	$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	0.07379	0.000%	—	$1.3M	—	as long as short
Variational Omni ME	+0.0100%	4h	0.07366	−0.181%	$11K	$1K	—	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07382	+0.037%	$26K	—	15x	as long as short