MELI

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BinanceMELIUSDT	1,636.5	0	0.0000% / 8h	6h 02m	$27K	$226K	20x	Long Binance
SHORT	Paragonpara:MELI	1,626.3	+0.4720	get 0.0590% / 1h	2m 23s	$185K	$49K	10x	Short Paragon

Price gap−0.628%

Funding gap+0.4720% /8h

Funding pays +$142 a day on $10k, but the gap is 0.564% under its 7d average: −$56 if it goes back, about 10 hours of funding. At the last 7 days' pace that is about 31 hours.

If you open now and hold

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

Funding+$90+0.4720% /8h now · paid +0.903% over the last 2 days (all we have)

Price−$56spread −0.628% now, avg −0.064% → −0.564% if it goes back

Costs−$7407.405% of $10k · taker + slippage, in and out

Result−$707−7.07%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 2 days it paid +0.903% in total, about +0.1445%/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−0.628%

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 10 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

Watch: Thin at this size34.8 / 121.9 bp
At $10k entering Paragon costs 121.9 bp, fee and slippage, 3.5× Binance’s.
Note: Margin at max leverage$500 + $1,000
Binance 20x, Paragon 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$141.60Long Binance: 3 payments, $0.00; short Paragon: 24 payments, +$141.60.
Watch: Gap narrower than usual−0.628% vs −0.064%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$27K vs $185K OI
Binance sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBinance Yes · Paragon No
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+0.1445%/8h × 21 periods+$303.55

Price spread−0.628% → −0.064% (7d avg)−$56.37

Slippage, 4 orderslive order books−$730.69

Fee Binance bp × 2 orders−$8.00

Fee Paragon bp × 2 orders−$1.80

Net · 7 days · $10k−$493.31

Costs to cover7.405%Break-even18.4 days

Slippage: Binance: live order book, 69 min ago; Paragon: live order book, 22 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBinance6.8134.8 bp−$35doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTParagon34.43121.9 bp−$122doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

MELI news

posts that mention MELI, from every exchangeSearch all news →

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