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: Gate against Hyperliquid−0.033%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as 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)−0.049%−$5 · spread now −0.033%, 7d avg +0.044%
Together, before fees−0.014%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 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: Gate is 0.076% cheaper against Hyperliquid than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MEME0.00061500.0100pay 0.0013% / 1h6m 42s$561K$186K3x
ShortGate MEME_USDT0.00061480.0100get 0.0050% / 4h6m 42s$432K$78K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Hyperliquid. 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: −0.033% → +0.044%
−$7.62
Slippage, 4 orders
−$96.69
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$128.31
Costs to cover
1.207%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 23 min ago; Gate: live order book, 49 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 Hyperliquid live order book, 23 min ago16.21 bp28.4 bp −$28doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 49 min ago8.18 bp34.0 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%1h0.00061500.000%100xas long as short
BloFin MEME-USDT+0.0071%4h0.0006159+0.146%$127K$6K50xas long as short
Hyperliquid MEMElong+0.0100%1h0.0006150long leg$561K$186K3x
Binance MEMEUSDT+0.0100%4h0.0006149−0.016%$2.4M$4.9M50xas long as short
Bybit MEMEUSDT+0.0100%4h0.0006149−0.016%$1.2M$666K50xas long as short
OKX MEME-USDT-SWAP+0.0100%4h0.0006137−0.211%$617K$2.0M20xas long as short
Gate MEME_USDTshort+0.0100%4h0.0006148−0.033%$432K$78K20x
MEXC MEME_USDT+0.0100%4h0.0006147−0.049%$851K$403K50xas long as short
KuCoin MEMEUSDTM+0.0100%4h0.0006155+0.081%$186K$47K30xas long as short
Bitget MEMEUSDT+0.0100%4h0.0006152+0.033%$446K$750K25xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX MEME-USDT+0.0100%4h0.0006154+0.065%$2.4Mas long as short