Funding arb · Price arb /

ME

all ME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against MEXC−0.040%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1331.334% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.015%+$1 · spread now −0.040%, 7d avg +0.004%

Together, before fees+0.075%+$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: Gate is 0.044% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ME_USDT	0.07563	0.0100	pay 0.0050% / 4h	3h 31m	$502K	$130K	20x
Short	Gate ME_USDT	0.07560	0.0100	get 0.0100% / 8h	3h 31m	$193K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.004%: −$4.37
Slippage, 4 orders: −$114.36
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$137.72
Costs to cover: 1.334%
Break-even: never at this rate

Slippage from MEXC: live order book, 13 min ago; Gate: live order book, 15 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, 13 min ago	1.33 bp	7.5 bp −$8	28.8 bp −$288	124.1 bp −$12.4K	doesn't fit
Sell Gate live order book, 15 min ago	6.61 bp	79.2 bp −$79	doesn't fit	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	+0.0085%	4h	0.07561	−0.026%	$110K	$8K	50x	as long as short
Hyperliquid ME	+0.0100%	1h	0.07571	+0.106%	$236K	$110K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07561	−0.030%	$13K	$20K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07564	+0.012%	$2.2M	$4.1M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07564	+0.013%	$1.6M	$787K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07563	0.000%	$485K	$1.1M	20x	as long as short
Gate ME_USDTshort	+0.0100%	8h	0.07560	−0.040%	$193K	$71K	50x
MEXC ME_USDTlong	+0.0100%	4h	0.07563	long leg	$502K	$130K	20x
KuCoin MEUSDTM	+0.0100%	4h	0.07567	+0.053%	$215K	$31K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07565	+0.026%	$651K	$438K	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	0.07567	+0.053%	—	$1.3M	—	as long as short
Variational Omni ME	+0.0100%	4h	0.07523	−0.526%	$12K	$2K	—	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07565	+0.029%	$27K	—	15x	as long as short