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

MEME

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: Hyperliquid against Bitget0.000%7-day average −0.048% · 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−$97as in the Price arb table
costs, in and out, $10k−$1021.018% 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)+0.051%+$5 · spread now 0.000%, 7d avg −0.048%
Together, before fees+0.015%+ 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 0.048% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MEMEUSDT0.00061500.0100pay 0.0050% / 4h3h 44m$444K$760K25x
ShortHyperliquid MEME0.00061500.0100get 0.0013% / 1h44m 59s$562K$155K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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: 0.000% → −0.048%
$4.81
Slippage, 4 orders
−$80.77
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$96.96
Costs to cover
1.018%
Break-even
never at this rate
Slippage from Bitget: live order book, 25 min ago; Hyperliquid: live order book, 15 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 Bitget live order book, 25 min ago8.96 bp25.6 bp −$2660.7 bp −$607doesn't fitdoesn't fit
Sell Hyperliquid live order book, 15 min ago8.11 bp33.9 bp −$34doesn'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%1h0.0006140−0.163%100xas long as short
Hyperliquid MEMEshort+0.0100%1h0.00061500.000%$562K$155K3x
Binance MEMEUSDT+0.0100%4h0.0006150+0.003%$2.5M$4.5M50xas long as short
Bybit MEMEUSDT+0.0100%4h0.0006149−0.016%$1.3M$570K50xas long as short
OKX MEME-USDT-SWAP+0.0100%4h0.0006146−0.065%$641K$2.0M20xas long as short
Gate MEME_USDT+0.0100%4h0.0006142−0.130%$426K$74K20xas long as short
MEXC MEME_USDT+0.0100%4h0.00061500.000%$921K$343K50xas long as short
KuCoin MEMEUSDTM+0.0100%4h0.0006147−0.049%$184K$53K30xas long as short
Bitget MEMEUSDTlong+0.0100%4h0.0006150long leg$444K$760K25x
BingX MEME-USDT+0.0100%4h0.0006148−0.033%$2.4Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin MEME-USDT+0.0128%4h0.0006157+0.114%$129K$6K50xas long as short