Funding arb · Price arb /

ME

all ME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Gate+0.013%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1701.704% of the position

Long on Gate Short on Bitget

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)+0.002%$0 · spread now +0.013%, 7d avg +0.034%

Together, before fees−0.025%−$3 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 0.020% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ME_USDT	0.07520	0.0100	pay 0.0100% / 8h	4h 48m	$191K	$70K	50x
Short	Bitget MEUSDT	0.07521	0.0100	get 0.0050% / 4h	48m 10s	$654K	$424K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee GatebpFee BitgetbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.034%: −$2.02
Slippage, 4 orders: −$143.43
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$172.45
Costs to cover: 1.704%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Bitget: live order book, 7 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 Gate live order book, 3 min ago	13.35 bp	45.2 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 7 min ago	5.98 bp	34.1 bp −$34	198.1 bp −$1,981	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
Hyperliquid ME	+0.0100%	1h	0.07510	−0.133%	$239K	$108K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07508	−0.155%	$13K	$20K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07516	−0.060%	$2.1M	$4.0M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07517	−0.040%	$1.5M	$770K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07513	−0.093%	$487K	$1.1M	20x	as long as short
Gate ME_USDTlong	+0.0100%	8h	0.07520	long leg	$191K	$70K	50x
MEXC ME_USDT	+0.0100%	4h	0.07517	−0.040%	$499K	$130K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07518	−0.027%	$209K	$29K	30x	as long as short
Bitget MEUSDTshort	+0.0100%	4h	0.07521	+0.013%	$654K	$424K	25x
BingX ME-USDT	+0.0100%	4h	0.07526	+0.080%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ME	+0.0100%	4h	0.07487	−0.436%	$12K	$2K	—	as long as short
BloFin ME-USDT	+0.0138%	4h	0.07500	−0.266%	$109K	$8K	50x	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07524	+0.056%	$26K	—	15x	as long as short