Funding arb · Price arb /

MEME

all MEME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against OKX+0.082%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$730.726% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.082%, 7d avg +0.019%

Together, before fees−0.138%−$14 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 0.063% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MEME-USDT-SWAP	0.0006128	0.0100	pay 0.0050% / 4h	30m 51s	$618K	$1.9M	20x
Short	BingX MEME-USDT	0.0006133	0.0100	get 0.0050% / 4h	30m 51s	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → +0.019%: $6.29
Slippage, 4 orders: −$52.6
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$66.32
Costs to cover: 0.726%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; BingX: live order book, 3 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 OKX live order book, 1 min ago	2.45 bp	20.9 bp −$21	1383.3 bp −$13.8K	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	4.08 bp	19.8 bp −$20	51.4 bp −$514	364.1 bp −$36.4K	430.0 bp −$215.0K

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
Bybit MEMEUSDT	−0.0087%	4h	0.0006136	+0.131%	$1.3M	$556K	50x	as long as short
GMX MEME/USD [WBTC.b-USDC]	L 0.0000% / S 0.0000%	1h	0.0006130	+0.033%	—	—	100x	as long as short
Hyperliquid MEME	+0.0100%	1h	0.0006140	+0.196%	$561K	$154K	3x	as long as short
Binance MEMEUSDT	+0.0100%	4h	0.0006136	+0.131%	$2.5M	$4.5M	50x	as long as short
OKX MEME-USDT-SWAPlong	+0.0100%	4h	0.0006128	long leg	$618K	$1.9M	20x
Gate MEME_USDT	+0.0100%	4h	0.0006134	+0.098%	$427K	$76K	20x	as long as short
MEXC MEME_USDT	+0.0100%	4h	0.0006137	+0.147%	$921K	$338K	50x	as long as short
KuCoin MEMEUSDTM	+0.0100%	4h	0.0006132	+0.065%	$183K	$53K	30x	as long as short
Bitget MEMEUSDT	+0.0100%	4h	0.0006138	+0.163%	$442K	$751K	25x	as long as short
BingX MEME-USDTshort	+0.0100%	4h	0.0006133	+0.082%	—	$2.4M	—

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MEME-USDT	+0.0152%	4h	0.0006131	+0.049%	$128K	$6K	50x	as long as short