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 Gate+0.130%7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1211.207% 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)−0.105%−$10 · spread now +0.130%, 7d avg −0.047%
Together, before fees−0.140%+ 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 0.177% dearer against Gate than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate MEME_USDT0.00061420.0100pay 0.0050% / 4h3h 44m$426K$74K20x
ShortHyperliquid MEME0.00061500.0100get 0.0013% / 1h44m 59s$562K$155K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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: +0.130% → −0.047%
$17.69
Slippage, 4 orders
−$96.69
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$103
Costs to cover
1.207%
Break-even
never at this rate
Slippage from Gate: live order book, 26 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 Gate live order book, 26 min ago4.89 bp31.3 bp −$31doesn't fitdoesn'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%1h0.0006140−0.033%100xas long as short
Hyperliquid MEMEshort+0.0100%1h0.0006150+0.130%$562K$155K3x
Binance MEMEUSDT+0.0100%4h0.0006150+0.134%$2.5M$4.5M50xas long as short
Bybit MEMEUSDT+0.0100%4h0.0006149+0.114%$1.3M$570K50xas long as short
OKX MEME-USDT-SWAP+0.0100%4h0.0006146+0.065%$641K$2.0M20xas long as short
Gate MEME_USDTlong+0.0100%4h0.0006142long leg$426K$74K20x
MEXC MEME_USDT+0.0100%4h0.0006150+0.130%$921K$343K50xas long as short
KuCoin MEMEUSDTM+0.0100%4h0.0006147+0.081%$184K$53K30xas long as short
Bitget MEMEUSDT+0.0100%4h0.0006150+0.130%$444K$760K25xas long as short
BingX MEME-USDT+0.0100%4h0.0006148+0.098%$2.4Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin MEME-USDT+0.0128%4h0.0006157+0.244%$129K$6K50xas long as short