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: Bitget against OKX+0.132%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1131.131% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.132%, 7d avg +0.070%
Together, before fees−0.164%−$16 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 0.062% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.070%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ME-USDT-SWAP0.075600.0100pay 0.0050% / 4h38m 03s$477K$1.3M20x
ShortBitget MEUSDT0.075700.0100get 0.0050% / 4h38m 03s$650K$429K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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: +0.132% → +0.070%
$6.25
Slippage, 4 orders
−$91.09
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$106.84
Costs to cover
1.131%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 62 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 OKX live order book, 3 min ago2.64 bp26.0 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 62 min ago6.66 bp29.3 bp −$2992.9 bp −$929doesn't fitdoesn't fit

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+0.0099%4h0.07572+0.159%$107K$9K50xas long as short
Hyperliquid ME+0.0100%1h0.075600.000%$242K$125K3xas long as short
Aster MEUSDT+0.0100%4h0.07564+0.053%$13K$21K5xas long as short
Binance MEUSDT+0.0100%4h0.07563+0.040%$2.1M$4.3M50xas long as short
Bybit MEUSDT+0.0100%4h0.07564+0.053%$1.6M$852K25xas long as short
OKX ME-USDT-SWAPlong+0.0100%4h0.07560long leg$477K$1.3M20x
Gate ME_USDT+0.0100%8h0.07570+0.132%$198K$78K50xas long as short
MEXC ME_USDT+0.0100%4h0.07564+0.053%$505K$132K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07574+0.185%$217K$34K30xas long as short
Bitget MEUSDTshort+0.0100%4h0.07570+0.132%$650K$429K25x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDT+0.0100%4h0.07567+0.093%$1.3Mas long as short
Variational Omni ME+0.0100%4h0.07584+0.318%$11K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07564+0.049%$27K15xas long as short