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: KuCoin against BingX+0.147%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$465as in the Funding arb table
Net, price: spread back to 7d avg − costs−$454as in the Price arb table
costs, in and out, $10k−$4654.653% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.147%, 7d avg +0.034%
Together, before fees−0.124%−$12 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 0.112% dearer against BingX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ME-USDT0.075080.0100pay 0.0050% / 4h1h 46m$1.3M
ShortKuCoin MEUSDTM0.075190.0100get 0.0050% / 4h1h 46m$215K$32K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.147% → +0.034%
$11.2
Slippage, 4 orders
−$443.26
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$454.05
Costs to cover
4.653%
Break-even
never at this rate
Slippage from BingX: live order book, 14 min ago; KuCoin: live order book, 69 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, 14 min ago5.30 bp28.1 bp −$28190.4 bp −$1,904557.2 bp −$55.7K747.4 bp −$373.7K
Sell KuCoin live order book, 69 min ago25.16 bp154.8 bp −$155doesn'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
BloFin ME-USDT+0.0080%4h0.075080.000%$108K$9K50xas long as short
Hyperliquid ME+0.0100%1h0.07505−0.040%$235K$112K3xas long as short
Aster MEUSDT+0.0100%4h0.07510+0.025%$13K$21K5xas long as short
Binance MEUSDT+0.0100%4h0.07502−0.074%$2.1M$4.2M50xas long as short
Bybit MEUSDT+0.0100%4h0.07505−0.040%$1.5M$825K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.075080.000%$474K$1.2M20xas long as short
Gate ME_USDT+0.0100%8h0.07510+0.027%$194K$74K50xas long as short
MEXC ME_USDT+0.0100%4h0.07506−0.027%$498K$129K20xas long as short
KuCoin MEUSDTMshort+0.0100%4h0.07519+0.147%$215K$32K30x
Bitget MEUSDT+0.0100%4h0.07512+0.053%$644K$426K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDTlong+0.0100%4h0.07508long leg$1.3M
Variational Omni ME+0.0100%4h0.07503−0.070%$12K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07501−0.096%$26K15xas long as short