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

ME

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against KuCoin−0.041%7-day average −0.087% · 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−0.009%−$1 on $10k
Price spread, last 4 days (all we have)−0.141%−$14 · spread now −0.041%, 7d avg −0.087%
Together, before fees−0.151%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 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: Hyperliquid is 0.047% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.087%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MEUSDTM0.073780.0100pay 0.0050% / 4h2h 49m$206K$26K30x
ShortHyperliquid ME0.073750.0100get 0.0013% / 1h49m 09s$232K$99K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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: −0.041% → −0.087%
$4.68
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$16.32
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 30 min ago; Hyperliquid: live order book, 34 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 KuCoin live order book, 30 min ago15.51 bp183.3 bp −$183doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 34 min ago2.03 bpdoesn't fitdoesn'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
Bybit MEUSDT−0.0093%4h0.07385+0.095%$1.5M$624K25xas long as short
Hyperliquid MEshort+0.0100%1h0.07375−0.041%$232K$99K3x
Aster MEUSDT+0.0100%4h0.07385+0.093%$17K$11K5xas long as short
Binance MEUSDT+0.0100%4h0.07381+0.042%$2.1M$3.8M50xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07375−0.041%$471K$981K20xas long as short
Gate ME_USDT+0.0100%8h0.07370−0.108%$203K$65K50xas long as short
MEXC ME_USDT+0.0100%4h0.07381+0.041%$490K$125K20xas long as short
KuCoin MEUSDTMlong+0.0100%4h0.07378long leg$206K$26K30x
Bitget MEUSDT+0.0100%4h0.07384+0.081%$639K$416K25xas long as short
BingX ME-USDT+0.0100%4h0.07383+0.068%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07366−0.169%$11K$1Kas long as short
BloFin ME-USDT+0.0112%4h0.07369−0.122%$109K$8K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07381+0.037%$26K15xas long as short