MEME

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0485%/8h= −53.1% APRnext payment −$2.42 per $10,000 · paid last 24h −0.001%

Price spread now: Bybit against OKX+0.017%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1301.302% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.017%, 7d avg +0.051%

Together, before fees−0.085%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bybit is 0.034% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.051%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MEME-USDT-SWAP	0.0006051	−0.0003	get 0.0001% / 4h	1h 17m	$599K	$1.9M	20x
Short	Bybit MEMEUSDT	0.0006052	−0.0488	pay 0.0244% / 4h	1h 17m	$1.2M	$526K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$101.78
Price spread: +0.017% → +0.051%: −$3.42
Slippage, 4 orders: −$109.21
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$235.4
Costs to cover: 1.302%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bybit: 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, 5 min ago	4.94 bp	20.5 bp −$21	1340.3 bp −$13.4K	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.30 bp	44.0 bp −$44	615.6 bp −$6,156	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
Bybit MEMEUSDTshort	−0.0488%	4h	0.0006052	+0.017%	$1.2M	$526K	50x
OKX MEME-USDT-SWAPlong	−0.0003%	4h	0.0006051	long leg	$599K	$1.9M	20x
GMX MEME/USD [WBTC.b-USDC]	L 0.0000% / S 0.0000%	1h	0.0006050	−0.017%	—	—	100x	as long as short
BloFin MEME-USDT	+0.0049%	4h	0.0006065	+0.231%	$128K	$6K	50x	as long as short
Hyperliquid MEME	+0.0100%	1h	0.0006050	−0.017%	$538K	$135K	3x	as long as short
Binance MEMEUSDT	+0.0100%	4h	0.0006054	+0.050%	$2.5M	$4.3M	50x	as long as short
Gate MEME_USDT	+0.0100%	4h	0.0006058	+0.116%	$420K	$82K	20x	as long as short
MEXC MEME_USDT	+0.0100%	4h	0.0006051	0.000%	$887K	$329K	50x	as long as short
KuCoin MEMEUSDTM	+0.0100%	4h	0.0006067	+0.264%	$182K	$52K	30x	as long as short
Bitget MEMEUSDT	+0.0100%	4h	0.0006058	+0.116%	$426K	$750K	25x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MEME-USDT	+0.0100%	4h	0.0006061	+0.165%	—	$2.4M	—	as long as short