Funding arb · Price arb /

ME

all ME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.038%

Price spread now: Binance against Reya+0.183%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Binance

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Binance is 0.183% dearer against Reya than usual: you sell high and buy low (spread +0.183% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya MERUSDPERP	0.07484	0.0228	pay 0.0028% / 1h	48m 51s	$26K	—	15x
Short	Binance MEUSDT	0.07498	0.0100	get 0.0050% / 4h	48m 51s	$2.1M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee ReyabpFee BinancebpOrdersPrice spread, now +0.183%Rate

Funding earned: −$26.83
Price spread: +0.183% → 0.000%: $18.29
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24.54
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Binance: live order book, 3 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	4.01 bp	25.2 bp −$25	77.1 bp −$771	doesn't fit	doesn't fit

Reya: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ME	+0.0100%	1h	0.07498	+0.183%	$237K	$100K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07493	+0.112%	$13K	$20K	5x	as long as short
Binance MEUSDTshort	+0.0100%	4h	0.07498	+0.183%	$2.1M	$4.0M	50x
Bybit MEUSDT	+0.0100%	4h	0.07499	+0.197%	$1.5M	$768K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07497	+0.170%	$487K	$1.1M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07500	+0.210%	$191K	$70K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07496	+0.157%	$498K	$130K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07502	+0.237%	$208K	$29K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07502	+0.237%	$652K	$423K	25x	as long as short
BingX ME-USDT	+0.0100%	4h	0.07491	+0.090%	—	$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	0.07487	+0.039%	$12K	$2K	—	as long as short
BloFin ME-USDT	+0.0138%	4h	0.07500	+0.210%	$109K	$8K	50x	as long as short
Reya MERUSDPERPlong	+0.0228%	1h	0.07484	long leg	$26K	—	15x