Funding arb · Price arb /

ME

all ME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.038%

Price spread now: Reya against KuCoin−0.072%49s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.072% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 45 hours of funding at the current rate (+$4 a day). The two prices were read 49 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	KuCoin MEUSDTM	0.07566	0.0100	pay 0.0050% / 4h	8m 33s	$216K	$34K	30x
Short	Reya MERUSDPERP	0.07561	0.0228	get 0.0028% / 1h	8m 33s	$27K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.072%Rate

Funding earned: $26.83
Price spread: −0.072% → 0.000%: −$7.25
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $1.58
Costs to cover: 0.180%
Break-even: 6.6 days

Slippage unknown: KuCoin: live order book, 23 min ago; Reya: no order-book sample. Net counts fees only.

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, 23 min ago	31.67 bp	244.2 bp −$244	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USDT	+0.0093%	4h	0.07562	−0.053%	$107K	$9K	50x	as long as short
Hyperliquid ME	+0.0100%	1h	0.07563	−0.040%	$238K	$132K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07565	−0.007%	$13K	$21K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07563	−0.042%	$2.1M	$4.3M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07568	+0.026%	$1.6M	$847K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07558	−0.106%	$475K	$1.3M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07570	+0.053%	$197K	$80K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07563	−0.040%	$500K	$134K	20x	as long as short
KuCoin MEUSDTMlong	+0.0100%	4h	0.07566	long leg	$216K	$34K	30x
Bitget MEUSDT	+0.0100%	4h	0.07571	+0.066%	$650K	$429K	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	0.07565	−0.013%	—	$1.3M	—	as long as short
Variational Omni ME	+0.0100%	4h	0.07565	−0.012%	$11K	$2K	—	as long as short
Reya MERUSDPERPshort	+0.0228%	1h	0.07561	−0.072%	$27K	—	15x