MELI

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKMELI2USD-USDT	1,502.3	+0.0848	pay 0.0848% / 8h	7h 47m	$919K	$828K	—	Long BingX
SHORT	BybitMELIUSDT	1,498.6	0	0.0000% / 8h	7h 47m	$111K	$322K	25x	Short Bybit

Price gap−0.244%

Funding gap−0.0848% /8h

Both sides work against this direction now: funding costs $25 a day on $10k and the gap is 0.467% 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−$36−0.0848% /8h now · paid −0.355% over the last 7D

Price−$47spread −0.244% now, avg +0.222% → −0.467% if it goes back

Costs−$4554.546% of $10k · taker + slippage, in and out

Result−$537−5.37%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.355% in total, about −0.0169%/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−0.244%

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 size76.9 / 181.6 bp
At $10k entering Bybit costs 181.6 bp, fee and slippage, 2.4× BingX’s.
Note: Margin at max leverage— + $400
BingX —, 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: −$25.44Long BingX: 3 payments, −$25.44; short Bybit: 3 payments, $0.00.
Watch: Gap narrower than usual−0.244% vs +0.222%
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 $919K OI
Bybit sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · Bybit Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0169%/8h × 21 periods−$35.52

Price spread−0.244% → +0.222% (7d avg)−$46.67

Slippage, 4 orderslive order books−$433.65

Fee BingX bp × 2 orders−$10.00

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$536.84

Costs to cover4.546%Break-evennever at this rate

Slippage: BingX: live order book, 13 min ago; Bybit: live order book, 24 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX10.8776.9 bp−$77doesn’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