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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.034%
Price spread now: Reya against Aster−0.056%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Reya: Active · farm boardneeds both histories
Funding pays, the price is against you. Reya is 0.056% cheaper against Aster than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 35 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MEUSDT0.074640.0100pay 0.0050% / 4h1h 58m$13K$20K5x
ShortReya MERUSDPERP0.074600.0228get 0.0028% / 1h58m 06s$26K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Aster. 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
$26.83
Price spread: −0.056% → 0.000%
−$5.63
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Reya: 3 bp × 2 orders
−$6
Net
$7.2
Costs to cover
0.140%
Break-even
5.1 days
Slippage unknown: Aster: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Reya no order-book sample
Aster and 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 12 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%1h0.07460−0.054%$237K$99K3xas long as short
Aster MEUSDTlong+0.0100%4h0.07464long leg$13K$20K5x
Binance MEUSDT+0.0100%4h0.07460−0.048%$2.1M$4.0M50xas long as short
Bybit MEUSDT+0.0100%4h0.07456−0.108%$1.5M$740K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07448−0.215%$491K$1.1M20xas long as short
Gate ME_USDT+0.0100%8h0.07460−0.054%$191K$71K50xas long as short
MEXC ME_USDT+0.0100%4h0.07462−0.027%$481K$131K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07467+0.040%$207K$29K30xas long as short
Bitget MEUSDT+0.0100%4h0.07462−0.027%$636K$416K25xas long as short
BingX ME-USDT+0.0100%4h0.07462−0.027%$1.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07461−0.038%$12K$2Kas long as short
Reya MERUSDPERPshort+0.0228%1h0.07460−0.056%$26K15x