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

ME

all ME markets
SwapBacktest
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: KuCoin against OKX+0.202%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$773as in the Funding arb table
Net, price: spread back to 7d avg − costs−$766as in the Price arb table
costs, in and out, $10k−$7777.774% 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)−0.244%−$24 · spread now +0.202%, 7d avg +0.088%
Together, before fees−0.201%−$20 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: KuCoin is 0.114% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.088%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ME-USDT-SWAP0.074260.0100pay 0.0050% / 4h43m 02s$477K$1.0M20x
ShortKuCoin MEUSDTM0.074410.0100get 0.0050% / 4h43m 02s$207K$25K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: +0.202% → +0.088%
$11.39
Slippage, 4 orders
−$755.42
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$766.03
Costs to cover
7.774%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 17 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 OKX live order book, 3 min ago3.36 bp20.8 bp −$21doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 17 min ago21.78 bp349.4 bp −$349doesn'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
Hyperliquid ME+0.0100%1h0.07424−0.027%$233K$96K3xas long as short
Aster MEUSDT+0.0100%4h0.07428+0.030%$17K$11K5xas long as short
Binance MEUSDT+0.0100%4h0.074260.000%$2.1M$3.9M50xas long as short
Bybit MEUSDT+0.0100%4h0.07428+0.027%$1.5M$647K25xas long as short
OKX ME-USDT-SWAPlong+0.0100%4h0.07426long leg$477K$1.0M20x
Gate ME_USDT+0.0100%8h0.07430+0.054%$190K$74K50xas long as short
MEXC ME_USDT+0.0100%4h0.07429+0.040%$504K$129K20xas long as short
KuCoin MEUSDTMshort+0.0100%4h0.07441+0.202%$207K$25K30x
Bitget MEUSDT+0.0100%4h0.07432+0.081%$646K$416K25xas long as short
BingX ME-USDT+0.0100%4h0.07432+0.081%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07437+0.142%$11K$790as long as short
BloFin ME-USDT+0.0145%4h0.07435+0.121%$108K$7K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07434+0.102%$26K15xas long as short