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: BingX against Bitget−0.048%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$920.924% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.048%, 7d avg +0.004%

Together, before fees+0.057%+$6 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: BingX is 0.052% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MEMEUSDT	0.0006190	0.0100	pay 0.0050% / 4h	2h 11m	$446K	$757K	25x
Short	BingX MEME-USDT	0.0006187	0.0100	get 0.0050% / 4h	2h 11m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → +0.004%: −$5.23
Slippage, 4 orders: −$70.43
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$97.66
Costs to cover: 0.924%
Break-even: never at this rate

Slippage from Bitget: live order book, 54 min ago; BingX: live order book, 8 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 Bitget live order book, 54 min ago	9.57 bp	26.6 bp −$27	82.2 bp −$822	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	6.43 bp	21.6 bp −$22	54.5 bp −$545	428.3 bp −$42.8K	497.6 bp −$248.8K

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	0.0006180	−0.162%	—	—	100x	as long as short
Bybit MEMEUSDT	+0.0067%	4h	0.0006190	0.000%	$1.3M	$632K	50x	as long as short
Hyperliquid MEME	+0.0100%	1h	0.0006190	0.000%	$572K	$160K	3x	as long as short
Binance MEMEUSDT	+0.0100%	4h	0.0006188	−0.031%	$2.5M	$4.8M	50x	as long as short
OKX MEME-USDT-SWAP	+0.0100%	4h	0.0006179	−0.178%	$639K	$2.1M	20x	as long as short
Gate MEME_USDT	+0.0100%	4h	0.0006181	−0.145%	$430K	$78K	20x	as long as short
MEXC MEME_USDT	+0.0100%	4h	0.0006188	−0.032%	$878K	$388K	50x	as long as short
KuCoin MEMEUSDTM	+0.0100%	4h	0.0006189	−0.016%	$186K	$53K	30x	as long as short
Bitget MEMEUSDTlong	+0.0100%	4h	0.0006190	long leg	$446K	$757K	25x
BingX MEME-USDTshort	+0.0100%	4h	0.0006187	−0.048%	—	$2.4M	—