Funding arb · Price arb /

ME

all ME markets

Swap Backtest

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: Bybit against KuCoin+0.013%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$658as in the Funding arb table

Net, price: spread back to 7d avg − costs−$651as in the Price arb table

costs, in and out, $10k−$6536.534% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.013%, 7d avg −0.015%

Together, before fees−0.079%−$8 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: Bybit is 0.028% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEUSDTM	0.07562	0.0100	pay 0.0050% / 4h	1h 00m	$216K	$33K	30x
Short	Bybit MEUSDT	0.07563	0.0100	get 0.0050% / 4h	1h 00m	$1.6M	$842K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee KuCoinbpFee BybitbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.015%: $2.81
Slippage, 4 orders: −$630.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$650.6
Costs to cover: 6.534%
Break-even: never at this rate

Slippage from KuCoin: live order book, 40 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 KuCoin live order book, 40 min ago	31.90 bp	312.5 bp −$313	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	4.63 bp	45.3 bp −$45	255.5 bp −$2,555	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	0.07561	−0.013%	$237K	$115K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07555	−0.094%	$13K	$21K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07560	−0.026%	$2.1M	$4.2M	50x	as long as short
Bybit MEUSDTshort	+0.0100%	4h	0.07563	+0.013%	$1.6M	$842K	25x
OKX ME-USDT-SWAP	+0.0100%	4h	0.07549	−0.172%	$478K	$1.2M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07560	−0.026%	$198K	$78K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07557	−0.066%	$507K	$133K	20x	as long as short
KuCoin MEUSDTMlong	+0.0100%	4h	0.07562	long leg	$216K	$33K	30x
Bitget MEUSDT	+0.0100%	4h	0.07564	+0.026%	$645K	$425K	25x	as long as short
BingX ME-USDT	+0.0100%	4h	0.07557	−0.066%	—	$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	0.07558	−0.051%	$11K	$2K	—	as long as short
BloFin ME-USDT	+0.0123%	4h	0.07549	−0.172%	$107K	$9K	50x	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07554	−0.102%	$27K	—	15x	as long as short