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: BingX against KuCoin+0.093%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$458as in the Funding arb table
Net, price: spread back to 7d avg − costs−$444as in the Price arb table
costs, in and out, $10k−$4574.573% 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)−0.062%−$6 · spread now +0.093%, 7d avg −0.036%
Together, before fees−0.070%−$7 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 0.128% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MEUSDTM0.075660.0100pay 0.0050% / 4h2h 49m$215K$31K30x
ShortBingX ME-USDT0.075730.0100get 0.0050% / 4h2h 49m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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: +0.093% → −0.036%
$12.82
Slippage, 4 orders
−$435.26
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$444.43
Costs to cover
4.573%
Break-even
never at this rate
Slippage from KuCoin: live order book, 6 min ago; BingX: live order book, 1 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 KuCoin live order book, 6 min ago25.16 bp261.6 bp −$262doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 1 min ago3.95 bp17.6 bp −$1861.5 bp −$615602.2 bp −$60.2K860.0 bp −$430.0K

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+0.0086%4h0.07584+0.238%$109K$8K50xas long as short
Hyperliquid ME+0.0100%1h0.07550−0.211%$236K$109K3xas long as short
Aster MEUSDT+0.0100%4h0.07568+0.021%$13K$21K5xas long as short
Binance MEUSDT+0.0100%4h0.07552−0.185%$2.2M$4.1M50xas long as short
Bybit MEUSDT+0.0100%4h0.07569+0.040%$1.6M$804K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07543−0.304%$475K$1.2M20xas long as short
Gate ME_USDT+0.0100%8h0.07560−0.079%$195K$72K50xas long as short
MEXC ME_USDT+0.0100%4h0.07549−0.225%$501K$129K20xas long as short
KuCoin MEUSDTMlong+0.0100%4h0.07566long leg$215K$31K30x
Bitget MEUSDT+0.0100%4h0.07573+0.093%$650K$434K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDTshort+0.0100%4h0.07573+0.093%$1.3M
Variational Omni ME+0.0100%4h0.07587+0.273%$12K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07559−0.089%$27K15xas long as short