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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against OKX+0.109%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$910.913% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.109%, 7d avg +0.073%
Together, before fees−0.184%−$18 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 0.037% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.073%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ME-USDT-SWAP0.073330.0100pay 0.0050% / 4h2h 05m$467K$974K20x
ShortBitget MEUSDT0.073410.0100get 0.0050% / 4h2h 05m$635K$416K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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: +0.109% → +0.073%
$3.65
Slippage, 4 orders
−$69.3
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$87.65
Costs to cover
0.913%
Break-even
never at this rate
Slippage from OKX: live order book, 16 min ago; Bitget: live order book, 14 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 OKX live order book, 16 min ago2.71 bp19.2 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 14 min ago3.39 bp21.5 bp −$2170.8 bp −$708doesn'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%1h0.07339+0.082%$230K$98K3xas long as short
Aster MEUSDT+0.0100%4h0.07348+0.211%$17K$11K5xas long as short
Binance MEUSDT+0.0100%4h0.07339+0.082%$2.1M$3.8M50xas long as short
Bybit MEUSDT+0.0100%4h0.07339+0.082%$1.4M$625K25xas long as short
OKX ME-USDT-SWAPlong+0.0100%4h0.07333long leg$467K$974K20x
Gate ME_USDT+0.0100%8h0.07350+0.232%$202K$65K50xas long as short
MEXC ME_USDT+0.0100%4h0.07335+0.027%$502K$129K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07344+0.150%$205K$25K30xas long as short
Bitget MEUSDTshort+0.0100%4h0.07341+0.109%$635K$416K25x
BingX ME-USDT+0.0100%4h0.07345+0.164%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07349+0.216%$11K$1Kas long as short
BloFin ME-USDT+0.0125%4h0.07354+0.286%$108K$8K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07342+0.125%$26K15xas long as short