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

ME

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Hyperliquid0.000%7-day average +0.085% · 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+0.009%+$1 on $10k
Price spread, last 4 days (all we have)+0.182%+$18 · spread now 0.000%, 7d avg +0.085%
Together, before fees+0.191%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 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: KuCoin is 0.085% cheaper against Hyperliquid than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.085%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ME0.074700.0100pay 0.0013% / 1h43m 54s$237K$99K3x
ShortKuCoin MEUSDTM0.074700.0100get 0.0050% / 4h1h 43m$207K$28K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: 0.000% → +0.085%
−$8.51
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$29.51
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 55 min ago; KuCoin: live order book, 51 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, 55 min ago1.34 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 51 min ago40.87 bp215.7 bp −$216doesn'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+0.0052%4h0.07454−0.214%$109K$8K50xas long as short
Hyperliquid MElong+0.0100%1h0.07470long leg$237K$99K3x
Aster MEUSDT+0.0100%4h0.07465−0.073%$13K$20K5xas long as short
Binance MEUSDT+0.0100%4h0.07468−0.028%$2.1M$3.9M50xas long as short
Bybit MEUSDT+0.0100%4h0.07468−0.027%$1.5M$741K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07461−0.120%$492K$1.1M20xas long as short
Gate ME_USDT+0.0100%8h0.07460−0.134%$190K$71K50xas long as short
MEXC ME_USDT+0.0100%4h0.07467−0.040%$481K$132K20xas long as short
KuCoin MEUSDTMshort+0.0100%4h0.074700.000%$207K$28K30x
Bitget MEUSDT+0.0100%4h0.07467−0.040%$636K$414K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDT+0.0100%4h0.074700.000%$1.3Mas long as short
Variational Omni ME+0.0100%4h0.07458−0.165%$12K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07468−0.023%$26K15xas long as short