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: Bitget against MEXC+0.108%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$610.611% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.108%, 7d avg +0.038%

Together, before fees−0.066%−$7 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: Bitget is 0.070% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ME_USDT	0.07374	0.0100	pay 0.0050% / 4h	2h 50m	$490K	$125K	20x
Short	Bitget MEUSDT	0.07382	0.0100	get 0.0050% / 4h	2h 50m	$639K	$416K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → +0.038%: $7.03
Slippage, 4 orders: −$45.09
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$54.06
Costs to cover: 0.611%
Break-even: never at this rate

Slippage from MEXC: live order book, 33 min ago; Bitget: live order book, 35 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, 33 min ago	1.35 bp	7.5 bp −$7	36.8 bp −$368	128.7 bp −$12.9K	doesn't fit
Sell Bitget live order book, 35 min ago	2.70 bp	22.6 bp −$23	94.1 bp −$941	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
Bybit MEUSDT	−0.0125%	4h	0.07375	+0.014%	$1.5M	$624K	25x	as long as short
Hyperliquid ME	+0.0100%	1h	0.07370	−0.054%	$232K	$99K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07369	−0.069%	$17K	$11K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07374	−0.004%	$2.1M	$3.8M	50x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07375	+0.014%	$470K	$981K	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07360	−0.190%	$202K	$65K	50x	as long as short
MEXC ME_USDTlong	+0.0100%	4h	0.07374	long leg	$490K	$125K	20x
KuCoin MEUSDTM	+0.0100%	4h	0.07371	−0.041%	$205K	$26K	30x	as long as short
Bitget MEUSDTshort	+0.0100%	4h	0.07382	+0.108%	$639K	$416K	25x
BingX ME-USDT	+0.0100%	4h	0.07369	−0.068%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ME	+0.0100%	4h	0.07366	−0.115%	$11K	$1K	—	as long as short
BloFin ME-USDT	+0.0110%	4h	0.07369	−0.068%	$109K	$8K	50x	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07371	−0.038%	$26K	—	15x	as long as short