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

ME

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Hyperliquid+0.057%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)+0.063%+$6 · spread now +0.057%, 7d avg +0.032%
Together, before fees−0.004%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 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: Binance is 0.025% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ME0.073260.0100pay 0.0013% / 1h41m 12s$230K$96K3x
ShortBinance MEUSDT0.073300.0100get 0.0050% / 4h1h 41m$2.1M$3.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$0
Price spread: +0.057% → +0.032%
$2.54
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$16.46
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 28 min ago; Binance: live order book, 10 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 Hyperliquid live order book, 28 min ago1.36 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 10 min ago0.68 bp20.3 bp −$2074.5 bp −$745doesn'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
Hyperliquid MElong+0.0100%1h0.07326long leg$230K$96K3x
Aster MEUSDT+0.0100%4h0.07334+0.105%$17K$11K5xas long as short
Binance MEUSDTshort+0.0100%4h0.07330+0.057%$2.1M$3.8M50x
Bybit MEUSDT+0.0100%4h0.07329+0.041%$1.5M$636K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07323−0.041%$465K$965K20xas long as short
Gate ME_USDT+0.0100%8h0.07320−0.082%$189K$74K50xas long as short
MEXC ME_USDT+0.0100%4h0.07330+0.055%$493K$128K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07330+0.055%$204K$25K30xas long as short
Bitget MEUSDT+0.0100%4h0.07332+0.082%$634K$416K25xas long as short
BingX ME-USDT+0.0100%4h0.07328+0.027%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07317−0.126%$11K$2Kas long as short
BloFin ME-USDT+0.0146%4h0.07325−0.014%$107K$7K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07331+0.066%$26K15xas long as short