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

MEME

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SwapBacktest
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 BingX+0.148%7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$1021.019% of the position
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)+0.052%+$5 · spread now +0.148%, 7d avg −0.050%
Together, before fees+0.016%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 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 0.198% dearer against BingX than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.050%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX MEME-USDT0.00060910.0100pay 0.0050% / 4h57m 52s$2.4M
ShortHyperliquid MEME0.00061000.0100get 0.0013% / 1h57m 52s$551K$164K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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: +0.148% → −0.050%
$19.82
Slippage, 4 orders
−$82.94
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$82.12
Costs to cover
1.019%
Break-even
never at this rate
Slippage from BingX: live order book, 6 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 6 min ago6.52 bp23.3 bp −$2357.6 bp −$576443.1 bp −$44.3K509.7 bp −$254.8K
Sell Hyperliquid live order book, 42 min ago16.29 bp31.6 bp −$32doesn't fitdoesn't fitdoesn't fit

MEME on 11 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
GMX MEME/USD [WBTC.b-USDC]L 0.0000% / S 0.0000%1h0.0006100+0.148%100xas long as short
Hyperliquid MEMEshort+0.0100%1h0.0006100+0.148%$551K$164K3x
Binance MEMEUSDT+0.0100%4h0.0006094+0.044%$2.5M$4.9M50xas long as short
Bybit MEMEUSDT+0.0100%4h0.0006093+0.033%$1.2M$644K50xas long as short
OKX MEME-USDT-SWAP+0.0100%4h0.0006084−0.115%$618K$2.0M20xas long as short
Gate MEME_USDT+0.0100%4h0.0006095+0.066%$427K$76K20xas long as short
MEXC MEME_USDT+0.0100%4h0.00060910.000%$835K$388K50xas long as short
KuCoin MEMEUSDTM+0.0100%4h0.0006095+0.066%$184K$49K30xas long as short
Bitget MEMEUSDT+0.0100%4h0.0006095+0.066%$438K$756K25xas long as short
BingX MEME-USDTlong+0.0100%4h0.0006091long leg$2.4M
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin MEME-USDT+0.0148%4h0.0006118+0.443%$129K$6K50xas long as short