Funding arb · Price arb / RWA

MELI

RWAAll MELI markets →

LONGBybit▾Bybit 0.0000%

⇄⇅

SHORTMEXC▾MEXC +0.0888%

Backtest 30d

☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BybitMELIUSDT	1,496	0	0.0000% / 8h	7h 51m	$111K	$322K	25x	Long Bybit
SHORT	MEXCMELISTOCK_USDT	1,495.9	+0.0888	get 0.0888% / 8h	7h 51m	$430K	$155K	20x	Short MEXC

Price gap−0.009%

Funding gap+0.0888% /8h

Both sides work: funding pays +$27 a day on $10k, and the gap is 0.113% above its 7d average: +$11 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.082% in total, about +0.0039%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.009%

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

24H3D7D14D30D90D

BybitMEXC

MELI on 11 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

• !
  Watch: Thin at this size135.3 / 45.8 bp

  At $10k entering Bybit costs 135.3 bp, fee and slippage, 3.0× MEXC’s.
• i
  Note: Margin at max leverage$400 + $500

  Bybit 25x, MEXC 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.

  Long Bybit · 8h$0.00

  Short MEXC · 8h+$26.64

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$26.64Long Bybit: 3 payments, $0.00; short MEXC: 3 payments, +$26.64.
• ✓
  OK: Entry gap works for you−0.009% vs −0.122%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Long leg is thinner$111K vs $430K OI

  Bybit sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCBybit Yes · MEXC Yes

  Standard verification is mandatory for every product.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0039%/8h × 21 periods+$8.24

Price spread−0.009% → −0.122% (7d avg)+$11.26

Slippage, 4 orderslive order books−$378.10

Fee Bybit bp × 2 orders−$11.00

Fee MEXC bp × 2 orders−$4.00

Net · 7 days · $10k−$373.60

Costs to cover3.931%Break-even324.4 days

Slippage: Bybit: live order book, 21 min ago; MEXC: live order book, 22 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

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

SELL · SHORTMEXC2.0345.8 bp−$46129.0 bp−$1,290240.9 bp−$24.1Kdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

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09-24 14:14	Avantis	Listing	new market MELI/USD ($MELI) seen by our collector