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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin+0.126%7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$614as in the Funding arb table
Net, price: spread back to 7d avg − costs−$589as in the Price arb table
costs, in and out, $10k−$6076.074% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.066%−$7 on $10k
Price spread, last 4 days (all we have)−0.136%−$14 · spread now +0.126%, 7d avg −0.056%
Together, before fees−0.202%−$20 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: Binance is 0.182% dearer against KuCoin than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MEUSDTM0.075340.0100pay 0.0050% / 4h38m 04s$209K$29K30x
ShortBinance MEUSDT0.075440.0100get 0.0050% / 4h38m 04s$2.2M$4.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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: +0.126% → −0.056%
$18.21
Slippage, 4 orders
−$585.39
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$589.18
Costs to cover
6.074%
Break-even
never at this rate
Slippage from KuCoin: live order book, 42 min ago; Binance: live order book, 13 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 KuCoin live order book, 42 min ago45.27 bp328.5 bp −$328doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 13 min ago4.01 bp25.2 bp −$2577.1 bp −$771doesn'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
Hyperliquid ME+0.0100%1h0.07540+0.080%$239K$108K3xas long as short
Aster MEUSDT+0.0100%4h0.07539+0.072%$13K$20K5xas long as short
Binance MEUSDTshort+0.0100%4h0.07544+0.126%$2.2M$4.0M50x
Bybit MEUSDT+0.0100%4h0.07539+0.066%$1.6M$772K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07538+0.053%$489K$1.1M20xas long as short
Gate ME_USDT+0.0100%8h0.07540+0.080%$192K$71K50xas long as short
MEXC ME_USDT+0.0100%4h0.07542+0.106%$501K$131K20xas long as short
KuCoin MEUSDTMlong+0.0100%4h0.07534long leg$209K$29K30x
Bitget MEUSDT+0.0100%4h0.07548+0.186%$656K$426K25xas long as short
BingX ME-USDT+0.0100%4h0.07537+0.040%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07528−0.085%$12K$2Kas long as short
BloFin ME-USDT+0.0153%4h0.07531−0.040%$109K$8K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07533−0.010%$27K15xas long as short