Funding arb · Price arb /

ME

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Swap Backtest

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: Bitget against Reya+0.045%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 Bitget

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. Bitget is 0.045% dearer against Reya than usual: you sell high and buy low (spread +0.045% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya MERUSDPERP	0.07374	0.0228	pay 0.0028% / 1h	44m 27s	$26K	—	15x
Short	Bitget MEUSDT	0.07377	0.0100	get 0.0050% / 4h	2h 44m	$638K	$416K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$26.83
Price spread: +0.045% → 0.000%: $4.47
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$40.36
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Bitget: live order book, 40 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 Bitget live order book, 40 min ago	2.70 bp	22.6 bp −$23	94.1 bp −$941	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
Bybit MEUSDT	−0.0073%	4h	0.07372	−0.023%	$1.5M	$625K	25x	as long as short
BloFin ME-USDT	+0.0066%	4h	0.07375	+0.018%	$109K	$8K	50x	as long as short
Hyperliquid ME	+0.0100%	1h	0.07370	−0.050%	$232K	$99K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07371	−0.035%	$17K	$11K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07373	−0.012%	$2.1M	$3.8M	50x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07371	−0.037%	$470K	$980K	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07370	−0.050%	$203K	$65K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07375	+0.018%	$490K	$125K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07380	+0.085%	$206K	$26K	30x	as long as short
Bitget MEUSDTshort	+0.0100%	4h	0.07377	+0.045%	$638K	$416K	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ME-USDT	+0.0100%	4h	0.07373	−0.010%	—	$1.3M	—	as long as short
Variational Omni ME	+0.0100%	4h	0.07376	+0.032%	$11K	$1K	—	as long as short
Reya MERUSDPERPlong	+0.0228%	1h	0.07374	long leg	$26K	—	15x