MELI

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BybitMELIUSDT	1,496.3	0	0.0000% / 8h	7h 51m	$111K	$322K	25x	Long Bybit
SHORT	BinanceMELIUSDT	1,494.5	+0.0226	get 0.0226% / 8h	7h 51m	$155K	$1.9M	20x	Short Binance

Price gap−0.120%

Funding gap+0.0226% /8h

Both sides work: funding pays +$7 a day on $10k, and the gap is 0.095% above its 7d average: +$10 more if it goes back.

If you open now and hold

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

Funding+$1+0.0226% /8h now · paid +0.014% over the last 7D

Price+$10spread −0.120% now, avg −0.215% → +0.095% if it goes back

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

Result−$392−3.92%no points

The current funding rate is far above 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−0.120%

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

2 ok · 3 to watch

Watch: Thin at this size135.3 / 39.0 bp
At $10k entering Bybit costs 135.3 bp, fee and slippage, 3.5× Binance’s.
Note: Margin at max leverage$400 + $500
Bybit 25x, Binance 20x. 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: +$6.78Long Bybit: 3 payments, $0.00; short Binance: 3 payments, +$6.78.
OK: Entry gap works for you−0.120% vs −0.215%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$111K vs $155K OI
Bybit sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBybit Yes · Binance Yes
Standard verification is mandatory for every product.

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−0.120% → −0.215% (7d avg)+$9.52

Slippage, 4 orderslive order books−$384.07

Fee Bybit bp × 2 orders−$11.00

Fee Binance bp × 2 orders−$8.00

Net · 7 days · $10k−$392.11

Costs to cover4.031%Break-even1904.5 days

Slippage: Bybit: live order book, 21 min ago; Binance: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBybit28.61135.3 bp−$135doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTBinance11.8639.0 bp−$39doesn’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