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 OKX+0.215%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1701.699% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 4 days (all we have)−0.283%−$28 · spread now +0.215%, 7d avg +0.038%

Together, before fees−0.247%−$25 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 0.177% dearer against OKX than usual: you sell high and buy low, +$18 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	OKX ME-USDT-SWAP	0.07444	0.0100	pay 0.0050% / 4h	2h 41m	$471K	$1.2M	20x
Short	Gate ME_USDT	0.07460	0.0100	get 0.0100% / 8h	2h 41m	$193K	$72K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now +0.215%Rate

Funding earned: $0
Price spread: +0.215% → +0.038%: $17.7
Slippage, 4 orders: −$144.86
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$152.16
Costs to cover: 1.699%
Break-even: never at this rate

Slippage from OKX: live order book, just now; Gate: live order book, 65 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 OKX live order book, just now	3.36 bp	23.5 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 65 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
Hyperliquid ME	+0.0100%	1h	0.07451	+0.094%	$233K	$110K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07466	+0.297%	$13K	$21K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07451	+0.091%	$2.1M	$4.1M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07452	+0.107%	$1.5M	$809K	25x	as long as short
OKX ME-USDT-SWAPlong	+0.0100%	4h	0.07444	long leg	$471K	$1.2M	20x
Gate ME_USDTshort	+0.0100%	8h	0.07460	+0.215%	$193K	$72K	50x
MEXC ME_USDT	+0.0100%	4h	0.07453	+0.121%	$494K	$130K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07470	+0.349%	$212K	$32K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07452	+0.107%	$639K	$435K	25x	as long as short
BingX ME-USDT	+0.0100%	4h	0.07448	+0.054%	—	$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	0.07455	+0.151%	$12K	$2K	—	as long as short
BloFin ME-USDT	+0.0159%	4h	0.07478	+0.457%	$108K	$8K	50x	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07469	+0.341%	$26K	—	15x	as long as short