Funding arb · Price arb /

MEME

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Swap Backtest

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: Hyperliquid against Binance+0.141%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$970.973% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 4 days (all we have)−0.264%−$26 · spread now +0.141%, 7d avg −0.049%

Together, before fees−0.299%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 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 0.190% dearer against Binance than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MEMEUSDT	0.0006101	0.0100	pay 0.0050% / 4h	57m 19s	$2.4M	$4.9M	50x
Short	Hyperliquid MEME	0.0006110	0.0100	get 0.0013% / 1h	57m 19s	$551K	$164K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee HyperliquidbpOrdersPrice spread, now +0.141%Rate

Funding earned: $0
Price spread: +0.141% → −0.049%: $18.99
Slippage, 4 orders: −$78.31
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$78.32
Costs to cover: 0.973%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Hyperliquid: live order book, 42 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 10 min ago	2.44 bp	21.3 bp −$21	98.3 bp −$983	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 42 min ago	16.29 bp	31.6 bp −$32	doesn't fit	doesn't fit	doesn't fit

MEME on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX MEME/USD [WBTC.b-USDC]	L 0.0000% / S 0.0000%	1h	0.0006100	−0.023%	—	—	100x	as long as short
Hyperliquid MEMEshort	+0.0100%	1h	0.0006110	+0.141%	$551K	$164K	3x
Binance MEMEUSDTlong	+0.0100%	4h	0.0006101	long leg	$2.4M	$4.9M	50x
Bybit MEMEUSDT	+0.0100%	4h	0.0006100	−0.023%	$1.2M	$644K	50x	as long as short
OKX MEME-USDT-SWAP	+0.0100%	4h	0.0006096	−0.089%	$618K	$2.0M	20x	as long as short
Gate MEME_USDT	+0.0100%	4h	0.0006097	−0.072%	$427K	$76K	20x	as long as short
MEXC MEME_USDT	+0.0100%	4h	0.0006100	−0.023%	$837K	$388K	50x	as long as short
KuCoin MEMEUSDTM	+0.0100%	4h	0.0006096	−0.089%	$184K	$49K	30x	as long as short
Bitget MEMEUSDT	+0.0100%	4h	0.0006101	−0.007%	$438K	$756K	25x	as long as short
BingX MEME-USDT	+0.0100%	4h	0.0006102	+0.010%	—	$2.4M	—	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MEME-USDT	+0.0148%	4h	0.0006118	+0.272%	$129K	$6K	50x	as long as short