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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin+0.148%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$785as in the Funding arb table
Net, price: spread back to 7d avg − costs−$765as in the Price arb table
costs, in and out, $10k−$7847.840% 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)−0.118%−$12 · spread now +0.148%, 7d avg −0.039%
Together, before fees−0.125%−$13 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 0.187% dearer against KuCoin than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MEUSDTM0.074250.0100pay 0.0050% / 4h52m 25s$207K$25K30x
ShortBingX ME-USDT0.074360.0100get 0.0050% / 4h52m 25s$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: +0.148% → −0.039%
$18.74
Slippage, 4 orders
−$761.98
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$765.24
Costs to cover
7.840%
Break-even
never at this rate
Slippage from KuCoin: live order book, 8 min ago; BingX: live order book, 4 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 KuCoin live order book, 8 min ago21.78 bp386.4 bp −$386doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 4 min ago4.72 bp18.3 bp −$1880.2 bp −$802569.6 bp −$57.0K831.1 bp −$415.5K

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
BloFin ME-USDT+0.0093%4h0.07429+0.054%$107K$7K50xas long as short
Hyperliquid ME+0.0100%1h0.07433+0.108%$234K$96K3xas long as short
Aster MEUSDT+0.0100%4h0.07425+0.001%$17K$11K5xas long as short
Binance MEUSDT+0.0100%4h0.07426+0.014%$2.1M$3.9M50xas long as short
Bybit MEUSDT+0.0100%4h0.07430+0.067%$1.5M$647K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07435+0.135%$477K$1.0M20xas long as short
Gate ME_USDT+0.0100%8h0.07430+0.067%$190K$74K50xas long as short
MEXC ME_USDT+0.0100%4h0.07426+0.013%$504K$128K20xas long as short
KuCoin MEUSDTMlong+0.0100%4h0.07425long leg$207K$25K30x
Bitget MEUSDT+0.0100%4h0.07438+0.175%$647K$417K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDTshort+0.0100%4h0.07436+0.148%$1.3M
Variational Omni ME+0.0100%4h0.07414−0.141%$11K$1Kas long as short
Reya MERUSDPERP+0.0228%1h0.07436+0.142%$26K15xas long as short