ME

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.23 per $10,000 · paid last 24h +0.004%

Price spread now: BloFin against Bybit+0.185%92s7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as 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−$1231.230% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.239%−$24 · spread now +0.185%, 7d avg −0.031%

Together, before fees−0.252%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.216% dearer against Bybit than usual: you sell high and buy low (spread +0.185% now, against its 7-day average of −0.031%): +$22 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (−0.013% in total) that is about 4 months. The two prices were read 92 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	Bybit MEUSDT	0.07568	0.0100	pay 0.0050% / 4h	11m 45s	$1.6M	$845K	25x
Short	BloFin ME-USDT	0.07582	0.0055	get 0.0027% / 4h	11m 45s	$107K	$9K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.185%Rate

Funding earned: −$9.47
Price spread: +0.185% → −0.031%: $21.63
Slippage, 4 orders: −$99.99
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$110.84
Costs to cover: 1.230%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 54 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 Bybit live order book, 4 min ago	4.62 bp	43.1 bp −$43	357.8 bp −$3,578	doesn't fit	doesn't fit
Sell BloFin live order book, 54 min ago	1.98 bp	18.9 bp −$19	51.9 bp −$519	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-USDTshort	+0.0055%	4h	0.07582	+0.185%	$107K	$9K	50x
Hyperliquid ME	+0.0100%	1h	0.07564	−0.053%	$238K	$132K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07565	−0.043%	$13K	$21K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07563	−0.066%	$2.1M	$4.3M	50x	as long as short
Bybit MEUSDTlong	+0.0100%	4h	0.07568	long leg	$1.6M	$845K	25x
OKX ME-USDT-SWAP	+0.0100%	4h	0.07567	−0.013%	$475K	$1.3M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07570	+0.026%	$197K	$80K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07564	−0.053%	$500K	$134K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07566	−0.026%	$216K	$34K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07574	+0.079%	$651K	$429K	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	0.07567	−0.013%	—	$1.3M	—	as long as short
Variational Omni ME	+0.0100%	4h	0.07548	−0.267%	$11K	$2K	—	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07566	−0.020%	$27K	—	15x	as long as short