Funding arb · Price arb /

ME

all ME markets

Swap Backtest

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 MEXC+0.013%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$640.643% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.013%, 7d avg +0.036%

Together, before fees+0.025%+$2 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 0.023% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ME_USDT	0.07560	0.0100	pay 0.0050% / 4h	3h 26m	$501K	$130K	20x
Short	Bitget MEUSDT	0.07561	0.0100	get 0.0050% / 4h	3h 26m	$651K	$438K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.036%: −$2.27
Slippage, 4 orders: −$48.3
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$66.56
Costs to cover: 0.643%
Break-even: never at this rate

Slippage from MEXC: live order book, 18 min ago; Bitget: live order book, 24 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 MEXC live order book, 18 min ago	1.33 bp	7.5 bp −$8	28.8 bp −$288	124.1 bp −$12.4K	doesn't fit
Sell Bitget live order book, 24 min ago	5.94 bp	26.2 bp −$26	93.3 bp −$933	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
Hyperliquid ME	+0.0100%	1h	0.07564	+0.053%	$236K	$110K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07560	−0.002%	$13K	$20K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07560	+0.004%	$2.2M	$4.1M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07558	−0.026%	$1.6M	$787K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07556	−0.053%	$485K	$1.1M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07560	0.000%	$193K	$71K	50x	as long as short
MEXC ME_USDTlong	+0.0100%	4h	0.07560	long leg	$501K	$130K	20x
KuCoin MEUSDTM	+0.0100%	4h	0.07564	+0.053%	$215K	$31K	30x	as long as short
Bitget MEUSDTshort	+0.0100%	4h	0.07561	+0.013%	$651K	$438K	25x
BingX ME-USDT	+0.0100%	4h	0.07560	0.000%	—	$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	0.07569	+0.115%	$12K	$2K	—	as long as short
BloFin ME-USDT	+0.0132%	4h	0.07557	−0.040%	$110K	$8K	50x	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07558	−0.025%	$27K	—	15x	as long as short