Funding arb · Price arb /

ME

all ME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0022%/8hnext payment +$0.11 per $10,000 · paid last 24h −0.003%

Price spread now: KuCoin against BloFin+0.176%110s7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$775as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$7837.832% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.176%, 7d avg +0.043%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.133% dearer against BloFin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.043%. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ME-USDT	0.07395	0.0078	pay 0.0039% / 4h	23m 24s	$112K	$7K	50x
Short	KuCoin MEUSDTM	0.07408	0.0100	get 0.0050% / 4h	23m 24s	$206K	$28K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee KuCoinbpOrdersPrice spread, now +0.176%Rate

Funding earned: $4.66
Price spread: +0.176% → +0.043%: $13.33
Slippage, 4 orders: −$759.21
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$765.22
Costs to cover: 7.832%
Break-even: 1155.8 days

Slippage from BloFin: live order book, 21 min ago; KuCoin: live order book, 21 min ago.

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 BloFin live order book, 21 min ago	1.35 bp	13.8 bp −$14	35.7 bp −$357	doesn't fit	doesn't fit
Sell KuCoin live order book, 21 min ago	13.51 bp	532.3 bp −$532	doesn't fit	doesn't fit	doesn't fit

ME on 13 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
BloFin ME-USDTlong	+0.0078%	4h	0.07395	long leg	$112K	$7K	50x
Hyperliquid ME	+0.0100%	1h	0.07398	+0.041%	$232K	$99K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07405	+0.133%	$24K	$5K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07402	+0.095%	$2.1M	$3.7M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07403	+0.108%	$1.5M	$617K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07395	0.000%	$473K	$973K	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07410	+0.203%	$203K	$65K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07398	+0.041%	$495K	$126K	20x	as long as short
KuCoin MEUSDTMshort	+0.0100%	4h	0.07408	+0.176%	$206K	$28K	30x
Bitget MEUSDT	+0.0100%	4h	0.07402	+0.095%	$642K	$415K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ME-USDT	+0.0100%	4h	0.07401	+0.081%	—	$1.3M	—	as long as short
Variational Omni ME	+0.0100%	4h	0.07387	−0.102%	$11K	$1K	—	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07399	+0.060%	$26K	—	15x	as long as short