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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.038%
Price spread now: Aster against Reya+0.066%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · Aster: Stage 5 · farm boardneeds both histories
The price spread pays, funding is against you. Aster is 0.066% dearer against Reya than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 42 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya MERUSDPERP0.073730.0228pay 0.0028% / 1h46m 19s$26K15x
ShortAster MEUSDT0.073780.0100get 0.0050% / 4h2h 46m$17K$11K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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
−$26.83
Price spread: +0.066% → 0.000%
$6.63
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Aster: 4 bp × 2 orders
−$8
Net
−$34.2
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Aster: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell Aster no order-book sample
Reya and Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit MEUSDT−0.0103%4h0.07374+0.018%$1.5M$625K25xas long as short
Hyperliquid ME+0.0100%1h0.07369−0.050%$232K$99K3xas long as short
Aster MEUSDTshort+0.0100%4h0.07378+0.066%$17K$11K5x
Binance MEUSDT+0.0100%4h0.07373+0.005%$2.1M$3.8M50xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07372−0.009%$470K$980K20xas long as short
Gate ME_USDT+0.0100%8h0.07370−0.036%$203K$65K50xas long as short
MEXC ME_USDT+0.0100%4h0.07373+0.005%$490K$125K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07383+0.140%$206K$26K30xas long as short
Bitget MEUSDT+0.0100%4h0.07377+0.059%$638K$416K25xas long as short
BingX ME-USDT+0.0100%4h0.07382+0.127%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07366−0.097%$11K$1Kas long as short
BloFin ME-USDT+0.0141%4h0.07369−0.050%$109K$8K50xas long as short
Reya MERUSDPERPlong+0.0228%1h0.07373long leg$26K15x