Settings8H · net · $10k
Funding arb · Price arb /

ME

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance+0.004%7-day average −0.032% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.066%+$7 on $10k
Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.004%, 7d avg −0.032%
Together, before fees−0.065%+ Points / potential airdropHyperliquid: Season 2 · farm board−$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: Hyperliquid is 0.035% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MEUSDT0.073710.0100pay 0.0050% / 4h3h 45m$2.1M$3.8M50x
ShortHyperliquid ME0.073710.0100get 0.0013% / 1h45m 45s$232K$99K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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: +0.004% → −0.032%
$3.54
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$15.46
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 10 min ago; Hyperliquid: live order book, 42 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 10 min ago1.35 bp21.3 bp −$21175.1 bp −$1,751doesn't fitdoesn't fit
Sell Hyperliquid live order book, 42 min ago1.35 bp21.4 bp −$21doesn't fitdoesn'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
Bybit MEUSDT−0.0726%4h0.07370−0.010%$1.5M$621K25xas long as short
BloFin ME-USDT+0.0085%4h0.07378+0.099%$111K$7K50xas long as short
Hyperliquid MEshort+0.0100%1h0.07371+0.004%$232K$99K3x
Aster MEUSDT+0.0100%4h0.07374+0.040%$24K$5K5xas long as short
Binance MEUSDTlong+0.0100%4h0.07371long leg$2.1M$3.8M50x
OKX ME-USDT-SWAP+0.0100%4h0.07362−0.118%$471K$975K20xas long as short
Gate ME_USDT+0.0100%8h0.07370−0.010%$203K$66K50xas long as short
MEXC ME_USDT+0.0100%4h0.07371+0.004%$493K$125K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07383+0.167%$206K$27K30xas long as short
Bitget MEUSDT+0.0100%4h0.07376+0.072%$638K$416K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDT+0.0100%4h0.07369−0.023%$1.3Mas long as short
Variational Omni ME+0.0100%4h0.07381+0.133%$11K$1Kas long as short
Reya MERUSDPERP+0.0228%1h0.07370−0.008%$26K15xas long as short