Funding you earn now, next payment 02:00 UTC−0.0097%/8h= −10.7% APRpaid last 24h −0.035%
Price spread now: BloFin against Reya−0.207%586s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.207% cheaper against Reya than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 586 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MERUSDPERP | 0.07440 | 0.0228 | pay 0.0028% / 1h | 39m 07s | $26K | — | 15x |
| Short | BloFin ME-USDT | 0.07425 | 0.0130 | get 0.0065% / 4h | 2h 39m | $110K | $7K | 50x |
Reya MERUSDPERP
BloFin ME-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$20.47
- Price spread: −0.207% → 0.000%
- −$20.65
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$59.12
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; BloFin: live order book, 11 min ago. 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 Reya no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 11 min ago | 2.02 bp | 23.0 bp −$23 | 66.6 bp −$666 | doesn't fit | doesn't fit |
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 | 0.07455 | +0.197% | $236K | $100K | 3x | as long as short |
| Aster MEUSDT | +0.0100% | 4h | 0.07433 | −0.104% | $13K | $20K | 5x | as long as short |
| Binance MEUSDT | +0.0100% | 4h | 0.07453 | +0.169% | $2.2M | $4.0M | 50x | as long as short |
| Bybit MEUSDT | +0.0100% | 4h | 0.07449 | +0.116% | $1.5M | $706K | 25x | as long as short |
| OKX ME-USDT-SWAP | +0.0100% | 4h | 0.07457 | +0.224% | $486K | $1.1M | 20x | as long as short |
| Gate ME_USDT | +0.0100% | 8h | 0.07440 | −0.005% | $190K | $70K | 50x | as long as short |
| MEXC ME_USDT | +0.0100% | 4h | 0.07451 | +0.143% | $480K | $132K | 20x | as long as short |
| KuCoin MEUSDTM | +0.0100% | 4h | 0.07441 | +0.009% | $207K | $27K | 30x | as long as short |
| Bitget MEUSDT | +0.0100% | 4h | 0.07451 | +0.143% | $635K | $414K | 25x | as long as short |
| BingX ME-USDT | +0.0100% | 4h | 0.07445 | +0.062% | — | $1.3M | — | as long as short |
Hyperliquid ME
Aster MEUSDT
Binance MEUSDT
Bybit MEUSDT
OKX ME-USDT-SWAP
Gate ME_USDT
MEXC ME_USDT
KuCoin MEUSDTM
Bitget MEUSDT
BingX ME-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ME | +0.0100% | 4h | 0.07419 | −0.282% | $12K | $2K | — | as long as short |
| BloFin ME-USDTshort | +0.0130% | 4h | 0.07425 | −0.207% | $110K | $7K | 50x | |
| Reya MERUSDPERPlong | +0.0228% | 1h | 0.07440 | long leg | $26K | — | 15x |
Variational Omni ME