Funding arb · Price arb /

ME

all ME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.038%

Price spread now: Reya against KuCoin−0.076%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.076% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 47 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEUSDTM	0.07459	0.0100	pay 0.0050% / 4h	2h 35m	$207K	$30K	30x
Short	Reya MERUSDPERP	0.07453	0.0228	get 0.0028% / 1h	35m 27s	$26K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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

Position, each leg$Hold fordaysFee KuCoinbpFee ReyabpOrdersPrice spread, now −0.076%Rate

Funding earned: $26.83
Price spread: −0.076% → 0.000%: −$7.56
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $1.27
Costs to cover: 0.180%
Break-even: 6.7 days

Slippage unknown: KuCoin: live order book, 75 min ago; Reya: no order-book sample. Net counts fees only.

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 KuCoin live order book, 75 min ago	26.18 bp	803.1 bp −$803	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hyperliquid ME	+0.0100%	1h	0.07453	−0.080%	$236K	$100K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07455	−0.052%	$13K	$20K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07454	−0.067%	$2.2M	$4.0M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07461	+0.027%	$1.5M	$717K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07454	−0.067%	$487K	$1.1M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07450	−0.121%	$190K	$71K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07454	−0.067%	$480K	$132K	20x	as long as short
KuCoin MEUSDTMlong	+0.0100%	4h	0.07459	long leg	$207K	$30K	30x
Bitget MEUSDT	+0.0100%	4h	0.07458	−0.013%	$636K	$413K	25x	as long as short
BingX ME-USDT	+0.0100%	4h	0.07455	−0.054%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ME	+0.0100%	4h	0.07468	+0.125%	$12K	$2K	—	as long as short
BloFin ME-USDT	+0.0130%	4h	0.07425	−0.456%	$110K	$7K	50x	as long as short
Reya MERUSDPERPshort	+0.0228%	1h	0.07453	−0.076%	$26K	—	15x