Settings8H · net · $10k
Funding arb · Price arb /

MEME

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0006%/8h= −0.7% APRnext payment $0.03 per $10,000 · paid last 24h −0.005%
Price spread now: Gate against BloFin+0.033%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$970.974% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.033%, 7d avg −0.016%
Together, before fees−0.053%−$5 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: Gate is 0.048% dearer against BloFin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MEME-USDT0.00061310.0106pay 0.0053% / 4h33m 01s$129K$6K50x
ShortGate MEME_USDT0.00061330.0100get 0.0050% / 4h33m 01s$427K$76K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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

Funding earned
−$1.33
Price spread: +0.033% → −0.016%
$4.83
Slippage, 4 orders
−$70.37
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$93.88
Costs to cover
0.974%
Break-even
never at this rate
Slippage from BloFin: live order book, 28 min ago; Gate: live order book, 42 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 28 min ago1.63 bp11.2 bp −$1136.9 bp −$369doesn't fitdoesn't fit
Sell Gate live order book, 42 min ago4.94 bp31.6 bp −$32doesn't fitdoesn't fitdoesn't fit

MEME on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit MEMEUSDT−0.0108%4h0.0006136+0.082%$1.3M$556K50xas long as short
GMX MEME/USD [WBTC.b-USDC]L 0.0000% / S 0.0000%1h0.0006130−0.016%100xas long as short
Hyperliquid MEME+0.0100%1h0.0006130−0.016%$560K$154K3xas long as short
Binance MEMEUSDT+0.0100%4h0.0006140+0.145%$2.5M$4.5M50xas long as short
OKX MEME-USDT-SWAP+0.0100%4h0.00061310.000%$618K$1.9M20xas long as short
Gate MEME_USDTshort+0.0100%4h0.0006133+0.033%$427K$76K20x
MEXC MEME_USDT+0.0100%4h0.0006139+0.130%$921K$338K50xas long as short
KuCoin MEMEUSDTM+0.0100%4h0.0006132+0.016%$183K$53K30xas long as short
Bitget MEMEUSDT+0.0100%4h0.0006138+0.114%$442K$751K25xas long as short
BingX MEME-USDT+0.0100%4h0.0006133+0.033%$2.4Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin MEME-USDTlong+0.0106%4h0.0006131long leg$129K$6K50x