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

ME

all ME markets
SwapBacktest
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 BingX−0.013%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1000.998% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.027%−$3 on $10k
Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.013%, 7d avg +0.017%
Together, before fees−0.055%−$6 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 0.030% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ME-USDT0.074770.0100pay 0.0050% / 4h2h 18m$1.3M
ShortBitget MEUSDT0.074760.0100get 0.0050% / 4h2h 18m$640K$437K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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: −0.013% → +0.017%
−$3.03
Slippage, 4 orders
−$77.78
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$102.81
Costs to cover
0.998%
Break-even
never at this rate
Slippage from BingX: live order book, 12 min ago; Bitget: live order book, 27 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 BingX live order book, 12 min ago6.71 bp25.9 bp −$2666.6 bp −$666622.6 bp −$62.3K838.7 bp −$419.3K
Sell Bitget live order book, 27 min ago5.99 bp24.8 bp −$2594.2 bp −$942doesn'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
Bybit MEUSDT+0.0033%4h0.07476−0.013%$1.5M$822K25xas long as short
BloFin ME-USDT+0.0096%4h0.07465−0.160%$107K$9K50xas long as short
Hyperliquid ME+0.0100%1h0.07479+0.027%$234K$111K3xas long as short
Aster MEUSDT+0.0100%4h0.07480+0.039%$13K$21K5xas long as short
Binance MEUSDT+0.0100%4h0.074770.000%$2.1M$4.1M50xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07473−0.053%$472K$1.2M20xas long as short
Gate ME_USDT+0.0100%8h0.07480+0.040%$193K$75K50xas long as short
MEXC ME_USDT+0.0100%4h0.07481+0.053%$496K$131K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07476−0.013%$214K$32K30xas long as short
Bitget MEUSDTshort+0.0100%4h0.07476−0.013%$640K$437K25x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDTlong+0.0100%4h0.07477long leg$1.3M
Variational Omni ME+0.0100%4h0.07452−0.338%$12K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07481+0.051%$26K15xas long as short