Funding arb · Price arb /

ME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Aster against Hyperliquid−0.056%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Aster

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 airdropHyperliquid: Season 2 · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.056% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 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	Hyperliquid ME	0.07467	0.0100	pay 0.0013% / 1h	58m 20s	$236K	$100K	3x
Short	Aster MEUSDT	0.07463	0.0100	get 0.0050% / 4h	58m 20s	$13K	$20K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → 0.000%: −$5.63
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.63
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 31 min ago; 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 Hyperliquid live order book, 31 min ago	2.67 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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	+0.0054%	4h	0.07449	−0.241%	$110K	$8K	50x	as long as short
Hyperliquid MElong	+0.0100%	1h	0.07467	long leg	$236K	$100K	3x
Aster MEUSDTshort	+0.0100%	4h	0.07463	−0.056%	$13K	$20K	5x
Binance MEUSDT	+0.0100%	4h	0.07461	−0.078%	$2.1M	$3.9M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07459	−0.107%	$1.5M	$760K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07453	−0.187%	$491K	$1.1M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07460	−0.094%	$190K	$70K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07465	−0.027%	$495K	$130K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07471	+0.054%	$207K	$29K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07467	0.000%	$648K	$421K	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	0.07465	−0.027%	—	$1.3M	—	as long as short
Variational Omni ME	+0.0100%	4h	0.07452	−0.201%	$12K	$2K	—	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07463	−0.049%	$26K	—	15x	as long as short