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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bitget−0.080%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$622as in the Funding arb table
Net, price: spread back to 7d avg − costs−$635as in the Price arb table
costs, in and out, $10k−$6256.253% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.035%+$3 on $10k
Price spread, last 4 days (all we have)+0.125%+$12 · spread now −0.080%, 7d avg +0.018%
Together, before fees+0.159%+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.098% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MEUSDT0.075350.0100pay 0.0050% / 4h1h 30m$643K$427K25x
ShortKuCoin MEUSDTM0.075290.0100get 0.0050% / 4h1h 30m$215K$33K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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: −0.080% → +0.018%
−$9.78
Slippage, 4 orders
−$601.33
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$635.12
Costs to cover
6.253%
Break-even
never at this rate
Slippage from Bitget: live order book, 10 min ago; KuCoin: live order book, 11 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 Bitget live order book, 10 min ago6.66 bp33.9 bp −$34273.7 bp −$2,737doesn't fitdoesn't fit
Sell KuCoin live order book, 11 min ago31.90 bp249.6 bp −$250doesn'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
BloFin ME-USDT+0.0059%4h0.07526−0.119%$107K$9K50xas long as short
Hyperliquid ME+0.0100%1h0.07529−0.080%$236K$115K3xas long as short
Aster MEUSDT+0.0100%4h0.07522−0.174%$13K$21K5xas long as short
Binance MEUSDT+0.0100%4h0.07525−0.129%$2.1M$4.2M50xas long as short
Bybit MEUSDT+0.0100%4h0.07525−0.133%$1.5M$828K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07524−0.146%$476K$1.2M20xas long as short
Gate ME_USDT+0.0100%8h0.07530−0.066%$193K$76K50xas long as short
MEXC ME_USDT+0.0100%4h0.07527−0.106%$499K$129K20xas long as short
KuCoin MEUSDTMshort+0.0100%4h0.07529−0.080%$215K$33K30x
Bitget MEUSDTlong+0.0100%4h0.07535long leg$643K$427K25x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDT+0.0100%4h0.07528−0.093%$1.3Mas long as short
Variational Omni ME+0.0100%4h0.07526−0.117%$12K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07524−0.148%$26K15xas long as short