Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: Bitget against Extended+0.233%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Bitget is 0.233% dearer against Extended than usual: you sell high and buy low (spread +0.233% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MELI-USD | 1,822.5 | 0.0040 | pay 0.0005% / 1h | 6m 36s | $14K | $2K | 10x |
| Short | Bitget MELIUSDT | 1,826.7 | 0 | get 0.0000% / 8h | 1h 06m | $140K | $26K | 20x |
Extended MELI-USD
Bitget MELIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.4
- Price spread: +0.233% → 0.000%
- $23.29
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$2.11
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Extended: no order-book sample; Bitget: live order book, 28 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 28 min ago | 26.76 bp | 68.2 bp −$68 | 80.1 bp −$801 | doesn't fit | doesn't fit |
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MELI on 5 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MELI_USDT | 0.0000% | 8h | 1,815.6 | −0.376% | $133K | $14K | 20x | as long as short |
| Bitget MELIUSDTshort | 0.0000% | 8h | 1,826.7 | +0.233% | $140K | $26K | 20x | |
| HTX MELI-USDT | 0.0000% | 8h | 1,826.1 | +0.200% | $5K | $404K | 20x | as long as short |
| Extended MELI-USDlong | +0.0040% | 1h | 1,822.5 | long leg | $14K | $2K | 10x | |
| Paragon para:MELI | +0.0060% | 1h | 1,822.5 | 0.000% | $86K | $82K | 10x | as long as short |
Gate MELI_USDT
HTX MELI-USDT
Paragon para:MELI