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: BingX against MEXC+0.055%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.055%, 7d avg +0.019%

Together, before fees+0.045%+$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: BingX is 0.036% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ME_USDT	0.07321	0.0100	pay 0.0050% / 4h	2h 02m	$501K	$129K	20x
Short	BingX ME-USDT	0.07325	0.0100	get 0.0050% / 4h	2h 02m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → +0.019%: $3.6
Slippage, 4 orders: −$49.09
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$59.49
Costs to cover: 0.631%
Break-even: never at this rate

Slippage from MEXC: live order book, 12 min ago; BingX: live order book, 14 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 MEXC live order book, 12 min ago	2.71 bp	8.7 bp −$9	42.0 bp −$420	132.0 bp −$13.2K	doesn't fit
Sell BingX live order book, 14 min ago	4.07 bp	20.9 bp −$21	59.7 bp −$597	561.8 bp −$56.2K	804.2 bp −$402.1K

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
Hyperliquid ME	+0.0100%	1h	0.07323	+0.027%	$230K	$98K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07327	+0.085%	$17K	$11K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07321	0.000%	$2.1M	$3.8M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07319	−0.027%	$1.4M	$627K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07320	−0.014%	$466K	$973K	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07320	−0.014%	$201K	$65K	50x	as long as short
MEXC ME_USDTlong	+0.0100%	4h	0.07321	long leg	$501K	$129K	20x
KuCoin MEUSDTM	+0.0100%	4h	0.07331	+0.137%	$204K	$25K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07324	+0.041%	$634K	$416K	25x	as long as short
BingX ME-USDTshort	+0.0100%	4h	0.07325	+0.055%	—	$1.3M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ME	+0.0100%	4h	0.07342	+0.289%	$11K	$1K	—	as long as short
BloFin ME-USDT	+0.0157%	4h	0.07325	+0.055%	$108K	$8K	50x	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07323	+0.022%	$26K	—	15x	as long as short