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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin−0.237%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$623as in the Funding arb table
Net, price: spread back to 7d avg − costs−$642as in the Price arb table
costs, in and out, $10k−$6226.220% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.007%−$1 on $10k
Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.237%, 7d avg −0.034%
Together, before fees+0.215%+$21 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: BingX is 0.203% cheaper against KuCoin than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MEUSDTM0.075910.0100pay 0.0050% / 4h1h 17m$217K$33K30x
ShortBingX ME-USDT0.075730.0100get 0.0050% / 4h1h 17m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: −0.237% → −0.034%
−$20.27
Slippage, 4 orders
−$600.01
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$642.28
Costs to cover
6.220%
Break-even
never at this rate
Slippage from KuCoin: live order book, 24 min ago; BingX: live order book, 9 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, 24 min ago31.90 bp312.5 bp −$313doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 9 min ago4.62 bp27.0 bp −$2796.9 bp −$969622.0 bp −$62.2K833.9 bp −$417.0K

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%1h0.07569−0.290%$238K$115K3xas long as short
Aster MEUSDT+0.0100%4h0.07569−0.285%$13K$21K5xas long as short
Binance MEUSDT+0.0100%4h0.07564−0.349%$2.2M$4.2M50xas long as short
Bybit MEUSDT+0.0100%4h0.07574−0.224%$1.6M$838K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07565−0.343%$480K$1.2M20xas long as short
Gate ME_USDT+0.0100%8h0.07570−0.277%$198K$78K50xas long as short
MEXC ME_USDT+0.0100%4h0.07565−0.343%$507K$131K20xas long as short
KuCoin MEUSDTMlong+0.0100%4h0.07591long leg$217K$33K30x
Bitget MEUSDT+0.0100%4h0.07573−0.237%$646K$427K25xas long as short
BingX ME-USDTshort+0.0100%4h0.07573−0.237%$1.3M
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07573−0.241%$12K$2Kas long as short
BloFin ME-USDT+0.0119%4h0.07578−0.171%$107K$9K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07565−0.345%$27K15xas long as short