Funding arb · Price arb /

ME

all ME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.034%

Price spread now: Aster against Reya−0.033%46s7-day average — · you buy dearer than you sell

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

Long on Reya Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 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 · Aster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.033% cheaper against Reya than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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	Reya MERUSDPERP	0.07430	0.0228	pay 0.0028% / 1h	33m 41s	$26K	—	15x
Short	Aster MEUSDT	0.07427	0.0152	get 0.0076% / 4h	3h 33m	$17K	$11K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$15.95
Price spread: −0.033% → 0.000%: −$3.31
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$33.26
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Aster: 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 Reya no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Reya and Aster: 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
Hyperliquid ME	+0.0100%	1h	0.07418	−0.160%	$233K	$95K	3x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07425	−0.066%	$2.2M	$3.9M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07426	−0.053%	$1.5M	$667K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07425	−0.066%	$480K	$1.0M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07430	+0.001%	$190K	$73K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07424	−0.079%	$506K	$129K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07429	−0.012%	$207K	$25K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07426	−0.053%	$640K	$409K	25x	as long as short
BingX ME-USDT	+0.0100%	4h	0.07423	−0.093%	—	$1.3M	—	as long as short
Variational Omni ME	+0.0100%	4h	0.07428	−0.021%	$12K	$2K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ME-USDT	+0.0123%	4h	0.07420	−0.133%	$109K	$7K	50x	as long as short
Aster MEUSDTshort	+0.0152%	4h	0.07427	−0.033%	$17K	$11K	5x
Reya MERUSDPERPlong	+0.0228%	1h	0.07430	long leg	$26K	—	15x