Funding arb · Price arb /

ME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.035%

Price spread now: BloFin against Reya+0.125%46s7-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 BloFin

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. BloFin is 0.125% dearer against Reya than usual: you sell high and buy low (spread +0.125% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.9 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya MERUSDPERP	0.07529	0.0228	pay 0.0028% / 1h	43m 50s	$27K	—	15x
Short	BloFin ME-USDT	0.07538	0.0143	get 0.0072% / 4h	43m 50s	$110K	$8K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$17.76
Price spread: +0.125% → 0.000%: $12.48
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$23.28
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 52 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 BloFin live order book, 52 min ago	4.02 bp	21.9 bp −$22	49.8 bp −$498	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	0.07540	+0.151%	$239K	$109K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07526	−0.040%	$13K	$20K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07539	+0.142%	$2.2M	$4.0M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07530	+0.019%	$1.6M	$771K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07537	+0.111%	$488K	$1.1M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07530	+0.019%	$192K	$70K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07537	+0.111%	$500K	$131K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07521	−0.101%	$209K	$29K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07550	+0.284%	$656K	$425K	25x	as long as short
BingX ME-USDT	+0.0100%	4h	0.07535	+0.085%	—	$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	0.07530	+0.013%	$12K	$2K	—	as long as short
BloFin ME-USDTshort	+0.0143%	4h	0.07538	+0.125%	$110K	$8K	50x
Reya MERUSDPERPlong	+0.0228%	1h	0.07529	long leg	$27K	—	15x