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

ME

all ME markets
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 OKX−0.027%7-day average +0.002% · 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)−0.177%−$18 · spread now −0.027%, 7d avg +0.002%
Together, before fees−0.144%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 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 0.029% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ME-USDT-SWAP0.073570.0100pay 0.0050% / 4h2h 13m$468K$977K20x
ShortHyperliquid ME0.073550.0100get 0.0013% / 1h13m 19s$231K$98K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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% → +0.002%
−$2.87
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$21.87
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 8 min ago; Hyperliquid: live order book, 70 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 OKX live order book, 8 min ago2.71 bp19.2 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 70 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
Hyperliquid MEshort+0.0100%1h0.07355−0.027%$231K$98K3x
Aster MEUSDT+0.0100%4h0.07365+0.114%$17K$11K5xas long as short
Binance MEUSDT+0.0100%4h0.07362+0.073%$2.1M$3.8M50xas long as short
Bybit MEUSDT+0.0100%4h0.07359+0.027%$1.5M$625K25xas long as short
OKX ME-USDT-SWAPlong+0.0100%4h0.07357long leg$468K$977K20x
Gate ME_USDT+0.0100%8h0.07370+0.177%$203K$65K50xas long as short
MEXC ME_USDT+0.0100%4h0.07363+0.082%$498K$128K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07366+0.122%$205K$25K30xas long as short
Bitget MEUSDT+0.0100%4h0.07364+0.095%$637K$416K25xas long as short
BingX ME-USDT+0.0100%4h0.07361+0.054%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07364+0.097%$11K$1Kas long as short
BloFin ME-USDT+0.0158%4h0.07364+0.095%$108K$8K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07359+0.030%$26K15xas long as short