Funding arb · Price arb /

MEME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX−0.118%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$850.846% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.109%+$11 · spread now −0.118%, 7d avg −0.005%

Together, before fees+0.109%+$11 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: Binance is 0.113% cheaper against BingX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MEME-USDT	0.0006171	0.0100	pay 0.0050% / 4h	2h 09m	—	$2.4M	—
Short	Binance MEMEUSDT	0.0006164	0.0100	get 0.0050% / 4h	2h 09m	$2.5M	$4.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.005%: −$11.35
Slippage, 4 orders: −$64.64
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$95.99
Costs to cover: 0.846%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Binance: live order book, 12 min ago.

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 BingX live order book, 9 min ago	6.43 bp	21.0 bp −$21	52.3 bp −$523	429.4 bp −$42.9K	500.2 bp −$250.1K
Sell Binance live order book, 12 min ago	4.01 bp	22.0 bp −$22	80.1 bp −$801	doesn't fit	doesn't fit

MEME on 10 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
GMX MEME/USD [WBTC.b-USDC]	L 0.0000% / S 0.0000%	1h	0.0006170	−0.016%	—	—	100x	as long as short
Bybit MEMEUSDT	+0.0061%	4h	0.0006165	−0.097%	$1.3M	$632K	50x	as long as short
Hyperliquid MEME	+0.0100%	1h	0.0006180	+0.146%	$571K	$160K	3x	as long as short
Binance MEMEUSDTshort	+0.0100%	4h	0.0006164	−0.118%	$2.5M	$4.8M	50x
OKX MEME-USDT-SWAP	+0.0100%	4h	0.0006154	−0.275%	$638K	$2.1M	20x	as long as short
Gate MEME_USDT	+0.0100%	4h	0.0006174	+0.049%	$430K	$78K	20x	as long as short
MEXC MEME_USDT	+0.0100%	4h	0.0006169	−0.032%	$876K	$388K	50x	as long as short
KuCoin MEMEUSDTM	+0.0100%	4h	0.0006170	−0.016%	$185K	$53K	30x	as long as short
Bitget MEMEUSDT	+0.0100%	4h	0.0006163	−0.130%	$444K	$758K	25x	as long as short
BingX MEME-USDTlong	+0.0100%	4h	0.0006171	long leg	—	$2.4M	—