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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit−0.067%7-day average −0.070% · you buy dearer than you sell
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+0.052%+$5 on $10k
Price spread, last 4 days (all we have)−0.131%−$13 · spread now −0.067%, 7d avg −0.070%
Together, before fees−0.079%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MEUSDT0.075180.0100pay 0.0050% / 4h55m 32s$1.5M$763K25x
ShortHyperliquid ME0.075130.0100get 0.0013% / 1h55m 32s$238K$100K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. 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: −0.067% → −0.070%
$0.34
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$19.66
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 1 min ago; Hyperliquid: live order book, 34 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 Bybit live order book, 1 min ago4.64 bp41.0 bp −$41256.9 bp −$2,569doesn't fitdoesn't fit
Sell Hyperliquid live order book, 34 min ago2.67 bpdoesn't fitdoesn'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
BloFin ME-USDT+0.0081%4h0.07450−0.904%$110K$8K50xas long as short
Hyperliquid MEshort+0.0100%1h0.07513−0.067%$238K$100K3x
Aster MEUSDT+0.0100%4h0.07512−0.084%$13K$20K5xas long as short
Binance MEUSDT+0.0100%4h0.07519+0.012%$2.1M$4.0M50xas long as short
Bybit MEUSDTlong+0.0100%4h0.07518long leg$1.5M$763K25x
OKX ME-USDT-SWAP+0.0100%4h0.07516−0.027%$493K$1.1M20xas long as short
Gate ME_USDT+0.0100%8h0.07500−0.239%$191K$70K50xas long as short
MEXC ME_USDT+0.0100%4h0.07516−0.027%$499K$130K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07514−0.053%$209K$29K30xas long as short
Bitget MEUSDT+0.0100%4h0.07522+0.053%$652K$421K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDT+0.0100%4h0.07517−0.013%$1.3Mas long as short
Variational Omni ME+0.0100%4h0.07521+0.037%$12K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07513−0.063%$26K15xas long as short