MELI

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Paragonpara:MELI	1,625.9	+0.0060	pay 0.0008% / 1h	50m 13s	$185K	$49K	10x	Long Paragon
SHORT	BinanceMELIUSDT	1,641.2	0	0.0000% / 8h	6h 50m	$27K	$223K	20x	Short Binance

Price gap+0.943%

Funding gap−0.0060% /8h

The gap pays +$90 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 50 days. At the last 7 days' pace that is about 2.0 days.

If you open now and hold

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

Funding−$90−0.0060% /8h now · paid −0.902% over the last 2 days (all we have)

Price+$90spread +0.943% now, avg +0.043% → +0.901% if it goes back

Costs−$3133.135% of $10k · taker + slippage, in and out

Result−$314−3.14%no pointsWhat the last 7D really paid, hour by hour → backtest

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+0.943%

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 10 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size36.5 / 208.0 bp
At $10k entering Binance costs 208.0 bp, fee and slippage, 5.7× Paragon’s.
Note: Margin at max leverage$1,000 + $500
Paragon 10x, Binance 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$1.80Long Paragon: 24 payments, −$1.80; short Binance: 3 payments, $0.00.
OK: Entry gap works for you+0.943% vs +0.043%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$27K vs $185K OI
Binance sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCParagon No · Binance Yes
Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.1468%/8h × 21 periods−$308.20

Price spread+0.943% → +0.043% (7d avg)+$90.06

Slippage, 4 orderslive order books−$303.66

Fee Paragon bp × 2 orders−$1.80

Fee Binance bp × 2 orders−$8.00

Net · 7 days · $10k−$531.60

Costs to cover3.135%Break-evennever at this rate

Slippage: Paragon: live order book, 36 min ago; Binance: live order book, 21 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGParagon33.2136.5 bp−$37194.6 bp−$1,946doesn’t fitdoesn’t fit

SELL · SHORTBinance6.81208.0 bp−$208doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

MELI news

posts that mention MELI, from every exchangeSearch all news →

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