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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against KuCoin+0.106%7-day average −0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$617as in the Funding arb table
Net, price: spread back to 7d avg − costs−$594as in the Price arb table
costs, in and out, $10k−$6136.131% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.043%−$4 on $10k
Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.106%, 7d avg −0.090%
Together, before fees−0.050%−$5 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: OKX is 0.196% dearer against KuCoin than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.090%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MEUSDTM0.075640.0100pay 0.0050% / 4h24m 18s$210K$30K30x
ShortOKX ME-USDT-SWAP0.075720.0100get 0.0050% / 4h24m 18s$489K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.106% → −0.090%
$19.62
Slippage, 4 orders
−$591.12
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$593.5
Costs to cover
6.131%
Break-even
never at this rate
Slippage from KuCoin: live order book, 56 min ago; OKX: live order book, 2 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, 56 min ago45.27 bp328.5 bp −$328doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 2 min ago7.27 bp26.5 bp −$26doesn'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
BloFin ME-USDT+0.0070%4h0.07577+0.172%$110K$8K50xas long as short
Hyperliquid ME+0.0100%1h0.07573+0.119%$240K$108K3xas long as short
Aster MEUSDT+0.0100%4h0.07567+0.046%$13K$20K5xas long as short
Binance MEUSDT+0.0100%4h0.07578+0.183%$2.2M$4.0M50xas long as short
Bybit MEUSDT+0.0100%4h0.07574+0.132%$1.6M$774K25xas long as short
OKX ME-USDT-SWAPshort+0.0100%4h0.07572+0.106%$489K$1.1M20x
Gate ME_USDT+0.0100%8h0.07560−0.053%$192K$71K50xas long as short
MEXC ME_USDT+0.0100%4h0.07577+0.172%$503K$132K20xas long as short
KuCoin MEUSDTMlong+0.0100%4h0.07564long leg$210K$30K30x
Bitget MEUSDT+0.0100%4h0.07586+0.291%$659K$429K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDT+0.0100%4h0.07575+0.145%$1.3Mas long as short
Variational Omni ME+0.0100%4h0.07572+0.107%$12K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07576+0.155%$27K15xas long as short