Funding arb · Price arb /

ME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Hyperliquid against Aster+0.254%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.254% dearer against Aster than usual: you sell high and buy low, +$25 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MEUSDT	0.07400	0.0100	pay 0.0050% / 4h	2h 52m	$13K	$20K	5x
Short	Hyperliquid ME	0.07419	0.0100	get 0.0013% / 1h	52m 25s	$234K	$99K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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 AsterbpFee HyperliquidbpOrdersPrice spread, now +0.254%Rate

Funding earned: $0
Price spread: +0.254% → 0.000%: $25.42
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $8.42
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 57 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 57 min ago	1.34 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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
BloFin ME-USDT	+0.0070%	4h	0.07352	−0.651%	$109K	$7K	50x	as long as short
Hyperliquid MEshort	+0.0100%	1h	0.07419	+0.254%	$234K	$99K	3x
Aster MEUSDTlong	+0.0100%	4h	0.07400	long leg	$13K	$20K	5x
Binance MEUSDT	+0.0100%	4h	0.07416	+0.218%	$2.2M	$3.9M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07415	+0.200%	$1.5M	$674K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07409	+0.119%	$480K	$1.1M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07400	−0.003%	$189K	$70K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07414	+0.187%	$484K	$131K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07402	+0.025%	$206K	$26K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07411	+0.146%	$633K	$412K	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	0.07411	+0.146%	—	$1.3M	—	as long as short
Variational Omni ME	+0.0100%	4h	0.07338	−0.835%	$12K	$2K	—	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07418	+0.245%	$26K	—	15x	as long as short