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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against OKX+0.231%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,088as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,078as in the Price arb table
costs, in and out, $10k−$1,09210.920% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.043%+$4 on $10k
Price spread, last 4 days (all we have)−0.237%−$24 · spread now +0.231%, 7d avg +0.088%
Together, before fees−0.194%−$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: KuCoin is 0.142% dearer against OKX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.088%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ME-USDT-SWAP0.073680.0100pay 0.0050% / 4h2h 57m$476K$1.1M20x
ShortKuCoin MEUSDTM0.073850.0100get 0.0050% / 4h2h 57m$206K$26K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.231% → +0.088%
$14.24
Slippage, 4 orders
−$1,070.05
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,077.81
Costs to cover
10.920%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 52 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, 3 min ago5.40 bp19.6 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 52 min ago26.18 bp246.4 bp −$246doesn't fitdoesn'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%1h0.07385+0.231%$233K$97K3xas long as short
Aster MEUSDT+0.0100%4h0.07376+0.104%$13K$20K5xas long as short
Binance MEUSDT+0.0100%4h0.07380+0.166%$2.1M$3.9M50xas long as short
Bybit MEUSDT+0.0100%4h0.07371+0.041%$1.5M$672K25xas long as short
OKX ME-USDT-SWAPlong+0.0100%4h0.07368long leg$476K$1.1M20x
Gate ME_USDT+0.0100%8h0.07370+0.027%$189K$70K50xas long as short
MEXC ME_USDT+0.0100%4h0.07378+0.136%$503K$128K20xas long as short
KuCoin MEUSDTMshort+0.0100%4h0.07385+0.231%$206K$26K30x
Bitget MEUSDT+0.0100%4h0.07374+0.081%$632K$411K25xas long as short
BingX ME-USDT+0.0100%4h0.07386+0.244%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07416+0.654%$12K$2Kas long as short
BloFin ME-USDT+0.0149%4h0.07408+0.543%$109K$7K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07380+0.167%$26K15xas long as short