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

ME

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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: Bitget against KuCoin+0.106%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$672as in the Funding arb table
Net, price: spread back to 7d avg − costs−$656as in the Price arb table
costs, in and out, $10k−$6686.684% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.035%−$3 on $10k
Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.106%, 7d avg −0.016%
Together, before fees−0.185%−$19 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: Bitget is 0.121% dearer against KuCoin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MEUSDTM0.075660.0100pay 0.0050% / 4h12m 04s$216K$34K30x
ShortBitget MEUSDT0.075740.0100get 0.0050% / 4h12m 04s$651K$429K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.106% → −0.016%
$12.14
Slippage, 4 orders
−$644.4
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$656.27
Costs to cover
6.684%
Break-even
never at this rate
Slippage from KuCoin: live order book, 19 min ago; Bitget: live order book, 23 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, 19 min ago31.67 bp244.2 bp −$244doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 23 min ago5.93 bp37.5 bp −$38103.0 bp −$1,030doesn'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
BloFin ME-USDT+0.0055%4h0.07582+0.211%$107K$9K50xas long as short
Hyperliquid ME+0.0100%1h0.07564−0.026%$238K$132K3xas long as short
Aster MEUSDT+0.0100%4h0.07565−0.008%$13K$21K5xas long as short
Binance MEUSDT+0.0100%4h0.07564−0.023%$2.1M$4.3M50xas long as short
Bybit MEUSDT+0.0100%4h0.07568+0.026%$1.6M$845K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07567+0.013%$475K$1.3M20xas long as short
Gate ME_USDT+0.0100%8h0.07570+0.053%$197K$80K50xas long as short
MEXC ME_USDT+0.0100%4h0.07564−0.026%$500K$134K20xas long as short
KuCoin MEUSDTMlong+0.0100%4h0.07566long leg$216K$34K30x
Bitget MEUSDTshort+0.0100%4h0.07574+0.106%$651K$429K25x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDT+0.0100%4h0.07567+0.013%$1.3Mas long as short
Variational Omni ME+0.0100%4h0.07548−0.240%$11K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07566+0.006%$27K15xas long as short