Funding arb · Price arb /

ME

all ME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: OKX against Bybit+0.055%7-day average −0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1231.234% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.055%, 7d avg −0.075%

Together, before fees+0.037%+$4 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: OKX is 0.130% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MEUSDT	0.07315	0.0100	pay 0.0050% / 4h	1h 47m	$1.4M	$632K	25x
Short	OKX ME-USDT-SWAP	0.07319	0.0100	get 0.0050% / 4h	1h 47m	$466K	$971K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → −0.075%: $12.98
Slippage, 4 orders: −$102.37
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$110.39
Costs to cover: 1.234%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 34 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	4.10 bp	37.3 bp −$37	275.7 bp −$2,757	doesn't fit	doesn't fit
Sell OKX live order book, 34 min ago	2.71 bp	23.3 bp −$23	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-USDT	+0.0041%	4h	0.07318	+0.041%	$107K	$8K	50x	as long as short
Hyperliquid ME	+0.0100%	1h	0.07319	+0.055%	$230K	$96K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07315	−0.004%	$17K	$11K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07320	+0.075%	$2.1M	$3.8M	50x	as long as short
Bybit MEUSDTlong	+0.0100%	4h	0.07315	long leg	$1.4M	$632K	25x
OKX ME-USDT-SWAPshort	+0.0100%	4h	0.07319	+0.055%	$466K	$971K	20x
Gate ME_USDT	+0.0100%	8h	0.07320	+0.068%	$194K	$69K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07318	+0.041%	$492K	$128K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07323	+0.109%	$204K	$25K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07320	+0.068%	$633K	$416K	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	0.07318	+0.041%	—	$1.3M	—	as long as short
Variational Omni ME	+0.0100%	4h	0.07318	+0.046%	$11K	$2K	—	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07324	+0.116%	$26K	—	15x	as long as short