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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Gate0.000%7-day average −0.038% · 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−0.002%$0 on $10k
Price spread, last 4 days (all we have)−0.106%−$11 · spread now 0.000%, 7d avg −0.038%
Together, before fees−0.108%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 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 0.038% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ME_USDT0.073700.0100pay 0.0100% / 8h2h 19m$203K$65K50x
ShortHyperliquid ME0.073700.0100get 0.0013% / 1h19m 02s$232K$98K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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: 0.000% → −0.038%
$3.85
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$20.15
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 64 min ago; Hyperliquid: live order book, 64 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 Gate live order book, 64 min ago6.74 bp45.6 bp −$46doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 64 min ago2.03 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+0.0098%4h0.07374+0.054%$108K$8K50xas long as short
Hyperliquid MEshort+0.0100%1h0.073700.000%$232K$98K3x
Aster MEUSDT+0.0100%4h0.07376+0.087%$17K$11K5xas long as short
Binance MEUSDT+0.0100%4h0.07374+0.054%$2.1M$3.8M50xas long as short
Bybit MEUSDT+0.0100%4h0.07374+0.054%$1.5M$625K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.073700.000%$470K$979K20xas long as short
Gate ME_USDTlong+0.0100%8h0.07370long leg$203K$65K50x
MEXC ME_USDT+0.0100%4h0.07375+0.068%$499K$128K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07377+0.095%$206K$26K30xas long as short
Bitget MEUSDT+0.0100%4h0.07375+0.068%$638K$416K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDT+0.0100%4h0.07374+0.054%$1.3Mas long as short
Variational Omni ME+0.0100%4h0.07381+0.144%$11K$1Kas long as short
Reya MERUSDPERP+0.0228%1h0.07375+0.064%$26K15xas long as short