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 +0.005%

Price spread now: OKX against Bybit−0.130%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1511.510% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 7 days0.000%$0 · spread now −0.130%, 7d avg −0.065%

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: OKX is 0.065% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MEMEUSDT	0.0006162	0.0100	pay 0.0050% / 4h	28m 10s	$1.2M	$655K	50x
Short	OKX MEME-USDT-SWAP	0.0006154	0.0100	get 0.0050% / 4h	28m 10s	$618K	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee BybitbpFee OKXbpOrdersPrice spread, now −0.130%Rate

Funding earned: $0
Price spread: −0.130% → −0.065%: −$6.46
Slippage, 4 orders: −$130.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$157.49
Costs to cover: 1.510%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 4 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 Bybit live order book, 3 min ago	4.07 bp	53.7 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.44 bp	24.8 bp −$25	doesn't fit	doesn't fit	doesn't fit

MEME on 11 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	0.0006160	−0.032%	—	—	100x	as long as short
Hyperliquid MEME	+0.0100%	1h	0.0006160	−0.032%	$557K	$185K	3x	as long as short
Binance MEMEUSDT	+0.0100%	4h	0.0006161	−0.016%	$2.5M	$4.9M	50x	as long as short
Bybit MEMEUSDTlong	+0.0100%	4h	0.0006162	long leg	$1.2M	$655K	50x
OKX MEME-USDT-SWAPshort	+0.0100%	4h	0.0006154	−0.130%	$618K	$2.1M	20x
Gate MEME_USDT	+0.0100%	4h	0.0006164	+0.032%	$432K	$77K	20x	as long as short
MEXC MEME_USDT	+0.0100%	4h	0.0006159	−0.049%	$855K	$399K	50x	as long as short
KuCoin MEMEUSDTM	+0.0100%	4h	0.0006162	0.000%	$186K	$46K	30x	as long as short
Bitget MEMEUSDT	+0.0100%	4h	0.0006162	0.000%	$445K	$752K	25x	as long as short
BingX MEME-USDT	+0.0100%	4h	0.0006161	−0.016%	—	$2.4M	—	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MEME-USDT	+0.0151%	4h	0.0006164	+0.032%	$126K	$6K	50x	as long as short