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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Gate−0.041%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1341.338% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.041%, 7d avg +0.013%
Together, before fees+0.086%+$9 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: BingX is 0.054% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ME_USDT0.072900.0100pay 0.0100% / 8h1h 30m$188K$74K50x
ShortBingX ME-USDT0.072870.0100get 0.0050% / 4h1h 30m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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: −0.041% → +0.013%
−$5.42
Slippage, 4 orders
−$108.76
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
−$139.18
Costs to cover
1.338%
Break-even
never at this rate
Slippage from Gate: live order book, 45 min ago; BingX: live order book, 16 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 Gate live order book, 45 min ago13.55 bp40.9 bp −$41doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 16 min ago5.47 bp23.6 bp −$2472.9 bp −$729560.1 bp −$56.0K788.3 bp −$394.2K

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+0.0082%4h0.07300+0.137%$106K$7K50xas long as short
Hyperliquid ME+0.0100%1h0.07289−0.014%$229K$96K3xas long as short
Aster MEUSDT+0.0100%4h0.07285−0.069%$17K$11K5xas long as short
Binance MEUSDT+0.0100%4h0.07286−0.048%$2.1M$3.8M50xas long as short
Bybit MEUSDT+0.0100%4h0.07287−0.041%$1.4M$642K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07272−0.247%$458K$974K20xas long as short
Gate ME_USDTlong+0.0100%8h0.07290long leg$188K$74K50x
MEXC ME_USDT+0.0100%4h0.07287−0.041%$490K$129K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07293+0.041%$203K$25K30xas long as short
Bitget MEUSDT+0.0100%4h0.072900.000%$631K$416K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDTshort+0.0100%4h0.07287−0.041%$1.3M
Variational Omni ME+0.0100%4h0.07319+0.400%$11K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07294+0.056%$26K15xas long as short