Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

MELI

RWAAll MELI markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BybitMELIUSDT
1,62900.0000% / 8h6h 17m$108K$65K25xLong Bybit
SHORT
Paragonpara:MELI
1,616−0.0729pay 0.0091% / 1h17m 23s$1.6M$1.9M10xShort Paragon
Price gap−0.798%
Funding gap−0.0729% /8h

Both sides work against this direction now: funding costs $22 a day on $10k and the gap is 0.921% 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+$185−0.0729% /8h now · paid +1.851% over the last 7D
Price−$92spread −0.798% now, avg +0.123% → −0.921% if it goes back
Costs−$3503.505% of $10k · taker + slippage, in and out
Result−$257−2.57%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.798%
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 9 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Thin at this size150.0 / 23.2 bp
    At $10k entering Bybit costs 150.0 bp, fee and slippage, 6.5× Paragon’s.
  • Note: Margin at max leverage$400 + $1,000
    Bybit 25x, 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: −$21.87Long Bybit: 3 payments, $0.00; short Paragon: 24 payments, −$21.87.
  • Watch: Gap narrower than usual−0.798% vs +0.123%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$108K vs $1.6M OI
    Bybit sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Yes · Paragon No
    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+0.0881%/8h × 21 periods+$185.10
Price spread−0.798% → +0.123% (7d avg)−$92.09
Slippage, 4 orderslive order books−$337.69
Fee Bybit bp × 2 orders−$11.00
Fee Paragon bp × 2 orders−$1.80
Net · 7 days · $10k−$257.48
Costs to cover3.505%Break-even16.7 days
Slippage: Bybit: live order book, 34 min ago; Paragon: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit20.08150.0 bp−$150doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTParagon21.0523.2 bp−$2396.5 bp−$965doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

MELI news

posts that mention MELI, from every exchangeSearch all news →
10-12 09:45BybitListingnew market MELIUSDT ($MELI) seen by our collector
09-28 16:43AvantisOther2/ Software and cybersecurity $PANW $FTNT $ADBE $ADSK $INTU $DDOG $WDAY $SHOP $PYPL $MELI $PDD $TTWO $DASH Application layer where the spend actually lives, is AI helping or harming these companies? @verantaxyz on X ↗
09-24 14:14AvantisListingnew market MELI/USD ($MELI) seen by our collector