Settings8H · net · $10k
Funding arb · Price arb /

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against BingX+0.040%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$597as in the Funding arb table
Net, price: spread back to 7d avg − costs−$597as in the Price arb table
costs, in and out, $10k−$5975.975% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.040%, 7d avg +0.037%
Together, before fees−0.085%−$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ME-USDT0.075350.0100pay 0.0050% / 4h39m 58s$1.3M
ShortKuCoin MEUSDTM0.075380.0100get 0.0050% / 4h39m 58s$209K$29K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.040% → +0.037%
$0.31
Slippage, 4 orders
−$575.46
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$597.15
Costs to cover
5.975%
Break-even
never at this rate
Slippage from BingX: live order book, 6 min ago; KuCoin: live order book, 40 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 6 min ago5.97 bp21.2 bp −$21209.6 bp −$2,096664.1 bp −$66.4K821.9 bp −$411.0K
Sell KuCoin live order book, 40 min ago45.27 bp226.9 bp −$227doesn't fitdoesn't fitdoesn't fit

ME on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid ME+0.0100%1h0.075350.000%$239K$109K3xas long as short
Aster MEUSDT+0.0100%4h0.07542+0.097%$13K$20K5xas long as short
Binance MEUSDT+0.0100%4h0.07531−0.053%$2.2M$4.0M50xas long as short
Bybit MEUSDT+0.0100%4h0.07538+0.040%$1.6M$771K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07530−0.066%$488K$1.1M20xas long as short
Gate ME_USDT+0.0100%8h0.07530−0.066%$191K$71K50xas long as short
MEXC ME_USDT+0.0100%4h0.07530−0.066%$500K$131K20xas long as short
KuCoin MEUSDTMshort+0.0100%4h0.07538+0.040%$209K$29K30x
Bitget MEUSDT+0.0100%4h0.07543+0.106%$655K$426K25xas long as short
BingX ME-USDTlong+0.0100%4h0.07535long leg$1.3M
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07528−0.098%$12K$2Kas long as short
BloFin ME-USDT+0.0158%4h0.07536+0.013%$109K$8K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07529−0.084%$27K15xas long as short