Funding arb · Price arb /

ME

all ME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0150%/8h= +16.4% APRpaid last 24h +0.034%

Price spread now: Reya against BloFin−0.202%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.202% cheaper against BloFin than usual: you would sell low and buy high (spread −0.202% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 4.5 days of funding at the current rate (+$4 a day). The two prices were read 46 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	0.07576	0.0078	pay 0.0039% / 4h	55m 56s	$108K	$9K	50x
Short	Reya MERUSDPERP	0.07561	0.0228	get 0.0028% / 1h	55m 56s	$27K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.202%Rate

Funding earned: $31.48
Price spread: −0.202% → 0.000%: −$20.15
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$6.67
Costs to cover: 0.180%
Break-even: 8.5 days

Slippage unknown: BloFin: live order book, 10 min ago; Reya: no order-book sample. 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 BloFin live order book, 10 min ago	1.98 bp	16.1 bp −$16	57.1 bp −$571	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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.

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	0.07576	long leg	$108K	$9K	50x
Hyperliquid ME	+0.0100%	1h	0.07563	−0.172%	$237K	$115K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07561	−0.195%	$13K	$21K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07560	−0.210%	$2.1M	$4.2M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07560	−0.211%	$1.6M	$844K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07555	−0.277%	$479K	$1.2M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07560	−0.211%	$198K	$78K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07562	−0.185%	$507K	$130K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07562	−0.185%	$216K	$33K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07565	−0.145%	$649K	$426K	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	0.07559	−0.224%	—	$1.3M	—	as long as short
Variational Omni ME	+0.0100%	4h	0.07558	−0.235%	$11K	$2K	—	as long as short
Reya MERUSDPERPshort	+0.0228%	1h	0.07561	−0.202%	$27K	—	15x