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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance−0.027%7-day average −0.029% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.057%+$6 on $10k
Price spread, last 4 days (all we have)−0.065%−$7 · spread now −0.027%, 7d avg −0.029%
Together, before fees−0.008%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MEUSDT0.074830.0100pay 0.0050% / 4h2h 17m$2.1M$4.1M50x
ShortHyperliquid ME0.074810.0100get 0.0013% / 1h17m 03s$234K$112K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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: −0.027% → −0.029%
$0.19
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$18.81
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 5 min ago; Hyperliquid: live order book, 52 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 5 min ago0.67 bp21.3 bp −$21112.6 bp −$1,126doesn't fitdoesn't fit
Sell Hyperliquid live order book, 52 min ago1.99 bp28.5 bp −$29doesn't fitdoesn't fitdoesn't fit

ME on 13 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
Bybit MEUSDT+0.0054%4h0.07486+0.040%$1.5M$822K25xas long as short
BloFin ME-USDT+0.0063%4h0.074830.000%$107K$9K50xas long as short
Hyperliquid MEshort+0.0100%1h0.07481−0.027%$234K$112K3x
Aster MEUSDT+0.0100%4h0.07485+0.022%$13K$21K5xas long as short
Binance MEUSDTlong+0.0100%4h0.07483long leg$2.1M$4.1M50x
OKX ME-USDT-SWAP+0.0100%4h0.07481−0.027%$472K$1.2M20xas long as short
Gate ME_USDT+0.0100%8h0.07480−0.040%$193K$75K50xas long as short
MEXC ME_USDT+0.0100%4h0.07477−0.080%$496K$131K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07478−0.067%$214K$32K30xas long as short
Bitget MEUSDT+0.0100%4h0.07485+0.027%$641K$438K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDT+0.0100%4h0.07476−0.094%$1.3Mas long as short
Variational Omni ME+0.0100%4h0.07452−0.418%$12K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07477−0.083%$26K15xas long as short