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

MEME

all MEME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.20 per $10,000 · paid last 24h +0.006%
Price spread now: Bitget against Bybit+0.032%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1491.489% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.121%+$12 on $10k
Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.032%, 7d avg −0.034%
Together, before fees−0.023%−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.066% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MEMEUSDT0.00061880.0061pay 0.0030% / 4h2h 10m$1.3M$632K50x
ShortBitget MEMEUSDT0.00061900.0100get 0.0050% / 4h2h 10m$446K$756K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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
$8.27
Price spread: +0.032% → −0.034%
$6.62
Slippage, 4 orders
−$125.86
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$133.97
Costs to cover
1.489%
Break-even
120.3 days
Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 55 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 Bybit live order book, 5 min ago4.03 bp48.8 bp −$49doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 55 min ago9.57 bp23.3 bp −$2379.1 bp −$791doesn't fitdoesn't fit

MEME on 10 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
GMX MEME/USD [WBTC.b-USDC]L 0.0000% / S 0.0000%1h0.0006180−0.129%100xas long as short
Bybit MEMEUSDTlong+0.0061%4h0.0006188long leg$1.3M$632K50x
Hyperliquid MEME+0.0100%1h0.0006190+0.032%$572K$160K3xas long as short
Binance MEMEUSDT+0.0100%4h0.0006187−0.016%$2.5M$4.8M50xas long as short
OKX MEME-USDT-SWAP+0.0100%4h0.0006175−0.210%$639K$2.1M20xas long as short
Gate MEME_USDT+0.0100%4h0.0006181−0.113%$430K$78K20xas long as short
MEXC MEME_USDT+0.0100%4h0.0006187−0.016%$878K$388K50xas long as short
KuCoin MEMEUSDTM+0.0100%4h0.0006189+0.016%$186K$53K30xas long as short
Bitget MEMEUSDTshort+0.0100%4h0.0006190+0.032%$446K$756K25x
BingX MEME-USDT+0.0100%4h0.0006187−0.016%$2.4Mas long as short