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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid−0.066%7-day average +0.049% · 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+0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.066%, 7d avg +0.049%
Together, before fees+0.230%+ Points / potential airdropHyperliquid: Season 2 · farm board+$23 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: BingX is 0.116% cheaper against Hyperliquid than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ME0.075360.0100pay 0.0013% / 1h8m 50s$235K$109K3x
ShortBingX ME-USDT0.075310.0100get 0.0050% / 4h3h 08m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: −0.066% → +0.049%
−$11.58
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$30.58
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 1 min ago; BingX: live order book, 7 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, 1 min ago1.99 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 7 min ago5.98 bp24.7 bp −$2567.0 bp −$670525.8 bp −$52.6K767.8 bp −$383.9K

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%1h0.07536long leg$235K$109K3x
Aster MEUSDT+0.0100%4h0.07536+0.005%$13K$21K5xas long as short
Binance MEUSDT+0.0100%4h0.07532−0.053%$2.2M$4.1M50xas long as short
Bybit MEUSDT+0.0100%4h0.07533−0.040%$1.6M$791K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07528−0.106%$472K$1.2M20xas long as short
Gate ME_USDT+0.0100%8h0.07530−0.080%$191K$72K50xas long as short
MEXC ME_USDT+0.0100%4h0.07529−0.093%$499K$131K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07543+0.093%$214K$31K30xas long as short
Bitget MEUSDT+0.0100%4h0.075360.000%$648K$432K25xas long as short
BingX ME-USDTshort+0.0100%4h0.07531−0.066%$1.3M
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07510−0.344%$12K$2Kas long as short
BloFin ME-USDT+0.0122%4h0.07528−0.106%$108K$8K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07529−0.097%$27K15xas long as short