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

MEME

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SwapBacktest
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 +0.006%
Price spread now: Gate against Bybit0.000%7-day average −0.033% · 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−$145as in the Price arb table
costs, in and out, $10k−$1491.487% 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)−0.094%−$9 · spread now 0.000%, 7d avg −0.033%
Together, before fees+0.027%+$3 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 0.033% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MEMEUSDT0.00061420.0100pay 0.0050% / 4h3h 44m$1.3M$569K50x
ShortGate MEME_USDT0.00061420.0100get 0.0050% / 4h3h 44m$426K$74K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$0
Price spread: 0.000% → −0.033%
$3.25
Slippage, 4 orders
−$122.68
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$145.43
Costs to cover
1.487%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 26 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, 2 min ago3.25 bp33.1 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 26 min ago4.89 bp35.4 bp −$35doesn'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
GMX MEME/USD [WBTC.b-USDC]L 0.0000% / S 0.0000%1h0.0006130−0.195%100xas long as short
Hyperliquid MEME+0.0100%1h0.0006150+0.130%$562K$154K3xas long as short
Binance MEMEUSDT+0.0100%4h0.0006144+0.039%$2.5M$4.5M50xas long as short
Bybit MEMEUSDTlong+0.0100%4h0.0006142long leg$1.3M$569K50x
OKX MEME-USDT-SWAP+0.0100%4h0.0006143+0.016%$640K$2.0M20xas long as short
Gate MEME_USDTshort+0.0100%4h0.00061420.000%$426K$74K20x
MEXC MEME_USDT+0.0100%4h0.0006139−0.049%$919K$343K50xas long as short
KuCoin MEMEUSDTM+0.0100%4h0.0006144+0.033%$184K$53K30xas long as short
Bitget MEMEUSDT+0.0100%4h0.00061420.000%$443K$760K25xas long as short
BingX MEME-USDT+0.0100%4h0.00061420.000%$2.4Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin MEME-USDT+0.0128%4h0.0006157+0.244%$129K$6K50xas long as short