MELI

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BinanceMELIUSDT	1,500.8	+0.0217	pay 0.0217% / 8h	7h 47m	$154K	$1.8M	20x	Long Binance
SHORT	BybitMELIUSDT	1,498.6	0	0.0000% / 8h	7h 47m	$111K	$322K	25x	Short Bybit

Price gap−0.151%

Funding gap−0.0217% /8h

Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.367% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$1−0.0217% /8h now · paid −0.014% over the last 7D

Price−$37spread −0.151% now, avg +0.216% → −0.367% if it goes back

Costs−$4034.031% of $10k · taker + slippage, in and out

Result−$441−4.41%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.014% in total, about −0.0007%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.151%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

MELI on 11 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size47.2 / 181.6 bp
At $10k entering Bybit costs 181.6 bp, fee and slippage, 3.9× Binance’s.
Note: Margin at max leverage$500 + $400
Binance 20x, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$6.52Long Binance: 3 payments, −$6.52; short Bybit: 3 payments, $0.00.
Watch: Gap narrower than usual−0.151% vs +0.216%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$111K vs $154K OI
Bybit sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBinance Yes · Bybit Yes
Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0007%/8h × 21 periods−$1.45

Price spread−0.151% → +0.216% (7d avg)−$36.69

Slippage, 4 orderslive order books−$384.07

Fee Binance bp × 2 orders−$8.00

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$441.21

Costs to cover4.031%Break-evennever at this rate

Slippage: Binance: live order book, 5 min ago; Bybit: live order book, 24 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBinance11.8647.2 bp−$47doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTBybit28.61181.6 bp−$182doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

MELI news

posts that mention MELI, from every exchange

11-02 11:59	OKX	Listing	new market MELI-USDT-SWAP ($MELI) seen by our collector
10-29 10:59	Binance	Listing	new market MELIUSDT ($MELI) seen by our collector
10-12 09:45	Bybit	Listing	new market MELIUSDT ($MELI) seen by our collector
09-28 16:43	Avantis	Other	2/ Software and cybersecurity $PANW $FTNT $ADBE $ADSK $INTU $DDOG $WDAY $SHOP $PYPL $MELI $PDD $TTWO $DASH Application layer where the spend actually lives, is AI helping or harming these companies? @verantaxyz on X ↗
09-24 14:14	Avantis	Listing	new market MELI/USD ($MELI) seen by our collector