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: Binance against MEXC+0.045%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$580.585% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.045%, 7d avg −0.001%

Together, before fees−0.065%−$6 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: Binance is 0.046% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ME_USDT	0.07503	0.0100	pay 0.0050% / 4h	3h 22m	$498K	$131K	20x
Short	Binance MEUSDT	0.07506	0.0100	get 0.0050% / 4h	3h 22m	$2.2M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.001%: $4.56
Slippage, 4 orders: −$44.45
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$53.89
Costs to cover: 0.585%
Break-even: never at this rate

Slippage from MEXC: live order book, 22 min ago; Binance: live order book, 14 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 MEXC live order book, 22 min ago	1.33 bp	7.5 bp −$8	28.8 bp −$288	124.1 bp −$12.4K	doesn't fit
Sell Binance live order book, 14 min ago	3.32 bp	23.3 bp −$23	66.6 bp −$666	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	0.07501	−0.027%	$234K	$109K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07506	+0.045%	$13K	$20K	5x	as long as short
Binance MEUSDTshort	+0.0100%	4h	0.07506	+0.045%	$2.2M	$4.1M	50x
Bybit MEUSDT	+0.0100%	4h	0.07504	+0.013%	$1.6M	$790K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07495	−0.107%	$471K	$1.2M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07500	−0.040%	$191K	$71K	50x	as long as short
MEXC ME_USDTlong	+0.0100%	4h	0.07503	long leg	$498K	$131K	20x
KuCoin MEUSDTM	+0.0100%	4h	0.07521	+0.240%	$213K	$31K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07506	+0.040%	$645K	$438K	25x	as long as short
BingX ME-USDT	+0.0100%	4h	0.07510	+0.093%	—	$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	0.07561	+0.774%	$12K	$2K	—	as long as short
BloFin ME-USDT	+0.0123%	4h	0.07542	+0.520%	$109K	$8K	50x	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07503	−0.003%	$26K	—	15x	as long as short