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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against Hyperliquid−0.027%7-day average −0.004% · 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−0.033%−$3 on $10k
Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.027%, 7d avg −0.004%
Together, before fees+0.119%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 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: OKX is 0.023% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ME0.074520.0100pay 0.0013% / 1h9m 18s$236K$98K3x
ShortOKX ME-USDT-SWAP0.074500.0100get 0.0050% / 4h2h 09m$490K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.027% → −0.004%
−$2.33
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$21.33
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 30 min ago; OKX: live order book, 2 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, 30 min ago1.34 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 2 min ago4.68 bp25.8 bp −$26doesn't fitdoesn't fitdoesn't fit

ME on 12 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%1h0.07452long leg$236K$98K3x
Aster MEUSDT+0.0100%4h0.07456+0.058%$13K$20K5xas long as short
Binance MEUSDT+0.0100%4h0.07449−0.043%$2.1M$4.0M50xas long as short
Bybit MEUSDT+0.0100%4h0.074520.000%$1.5M$742K25xas long as short
OKX ME-USDT-SWAPshort+0.0100%4h0.07450−0.027%$490K$1.1M20x
Gate ME_USDT+0.0100%8h0.07460+0.107%$190K$72K50xas long as short
MEXC ME_USDT+0.0100%4h0.07451−0.013%$480K$134K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07459+0.094%$207K$29K30xas long as short
Bitget MEUSDT+0.0100%4h0.07457+0.067%$639K$418K25xas long as short
BingX ME-USDT+0.0100%4h0.074520.000%$1.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07470+0.244%$12K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07449−0.037%$26K15xas long as short