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: KuCoin against Hyperliquid+0.130%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$340as in the Funding arb table
Net, price: spread back to 7d avg − costs−$334as in the Price arb table
costs, in and out, $10k−$3433.427% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.023%+$2 on $10k
Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.130%, 7d avg +0.042%
Together, before fees−0.189%+ Points / potential airdropHyperliquid: Season 2 · farm board−$19 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: KuCoin is 0.088% dearer against Hyperliquid than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MEME0.00061400.0100pay 0.0013% / 1h30m 28s$553K$183K3x
ShortKuCoin MEMEUSDTM0.00061480.0100get 0.0050% / 4h30m 28s$186K$46K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.130% → +0.042%
$8.82
Slippage, 4 orders
−$321.73
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$333.91
Costs to cover
3.427%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 69 min ago; KuCoin: live order book, 50 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, 69 min ago16.29 bp26.7 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 50 min ago13.72 bp151.6 bp −$152doesn'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%1h0.00061400.000%100xas long as short
BloFin MEME-USDT+0.0099%4h0.0006130−0.163%$127K$6K50xas long as short
Hyperliquid MEMElong+0.0100%1h0.0006140long leg$553K$183K3x
Binance MEMEUSDT+0.0100%4h0.0006152+0.195%$2.5M$4.9M50xas long as short
Bybit MEMEUSDT+0.0100%4h0.0006155+0.244%$1.2M$656K50xas long as short
OKX MEME-USDT-SWAP+0.0100%4h0.0006144+0.065%$619K$2.1M20xas long as short
Gate MEME_USDT+0.0100%4h0.0006147+0.114%$431K$77K20xas long as short
MEXC MEME_USDT+0.0100%4h0.0006155+0.244%$854K$399K50xas long as short
KuCoin MEMEUSDTMshort+0.0100%4h0.0006148+0.130%$186K$46K30x
Bitget MEMEUSDT+0.0100%4h0.0006147+0.114%$444K$755K25xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX MEME-USDT+0.0100%4h0.0006145+0.081%$2.4Mas long as short