ME

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0037%/8h= +4.1% APRnext payment +$0.19 per $10,000 · paid last 24h −0.001%

Price spread now: Bybit against BloFin−0.378%92s7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1231.228% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)+0.415%+$42 · spread now −0.378%, 7d avg +0.027%

Together, before fees+0.426%+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.405% cheaper against BloFin than usual: you would sell low and buy high (spread −0.378% now, against its 7-day average of +0.027%). If the spread goes back, that is −$41 on $10k: about 36 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.011% in total) that is about 9 months. The two prices were read 92 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	BloFin ME-USDT	0.07406	0.0063	pay 0.0031% / 4h	25m 48s	$109K	$7K	50x
Short	Bybit MEUSDT	0.07378	0.0100	get 0.0050% / 4h	25m 48s	$1.5M	$651K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee BybitbpOrdersPrice spread, now −0.378%Rate

Funding earned: $7.82
Price spread: −0.378% → +0.027%: −$40.52
Slippage, 4 orders: −$99.78
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$155.48
Costs to cover: 1.228%
Break-even: 146.2 days

Slippage from BloFin: live order book, 34 min ago; Bybit: live order book, 5 min ago.

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 BloFin live order book, 34 min ago	2.04 bp	13.4 bp −$13	59.4 bp −$594	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.38 bp	45.7 bp −$46	224.2 bp −$2,242	doesn't fit	doesn't fit

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
BloFin ME-USDTlong	+0.0063%	4h	0.07406	long leg	$109K	$7K	50x
Hyperliquid ME	+0.0100%	1h	0.07382	−0.324%	$232K	$96K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07383	−0.306%	$17K	$11K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07386	−0.268%	$2.1M	$3.9M	50x	as long as short
Bybit MEUSDTshort	+0.0100%	4h	0.07378	−0.378%	$1.5M	$651K	25x
OKX ME-USDT-SWAP	+0.0100%	4h	0.07384	−0.297%	$475K	$1.0M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07390	−0.216%	$189K	$74K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07385	−0.284%	$501K	$130K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07399	−0.095%	$206K	$25K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07391	−0.203%	$643K	$416K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ME-USDT	+0.0100%	4h	0.07390	−0.216%	—	$1.3M	—	as long as short
Variational Omni ME	+0.0100%	4h	0.07388	−0.248%	$11K	$790	—	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07385	−0.289%	$26K	—	15x	as long as short