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: Gate against Hyperliquid−0.092%7-day average +0.034% · 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)+0.198%+$20 · spread now −0.092%, 7d avg +0.034%
Together, before fees+0.200%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 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: Gate is 0.127% cheaper against Hyperliquid than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ME0.075970.0100pay 0.0013% / 1h6m 13s$240K$107K3x
ShortGate ME_USDT0.075900.0100get 0.0100% / 8h4h 06m$194K$72K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.092% → +0.034%
−$12.65
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$36.65
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 13 min ago; Gate: live order book, 45 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, 13 min ago0.66 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 45 min ago13.35 bp61.7 bp −$62doesn'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
Hyperliquid MElong+0.0100%1h0.07597long leg$240K$107K3x
Aster MEUSDT+0.0100%4h0.07597+0.001%$13K$20K5xas long as short
Binance MEUSDT+0.0100%4h0.07598+0.013%$2.2M$4.1M50xas long as short
Bybit MEUSDT+0.0100%4h0.07600+0.039%$1.6M$775K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07590−0.092%$495K$1.1M20xas long as short
Gate ME_USDTshort+0.0100%8h0.07590−0.092%$194K$72K50x
MEXC ME_USDT+0.0100%4h0.07596−0.013%$505K$133K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.075970.000%$211K$30K30xas long as short
Bitget MEUSDT+0.0100%4h0.07602+0.066%$658K$430K25xas long as short
BingX ME-USDT+0.0100%4h0.07606+0.118%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07603+0.080%$12K$2Kas long as short
BloFin ME-USDT+0.0146%4h0.07607+0.132%$110K$8K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07592−0.062%$27K15xas long as short