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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bitget−0.041%7-day average −0.071% · 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+0.025%+$3 on $10k
Price spread, last 4 days (all we have)−0.081%−$8 · spread now −0.041%, 7d avg −0.071%
Together, before fees−0.055%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 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 0.030% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MEUSDT0.073730.0100pay 0.0050% / 4h2h 33m$638K$416K25x
ShortHyperliquid ME0.073700.0100get 0.0013% / 1h33m 36s$232K$98K3x

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: −0.041% → −0.071%
$3.03
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$17.97
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 51 min ago; Hyperliquid: live order book, 50 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 Bitget live order book, 51 min ago2.70 bp23.8 bp −$24231.1 bp −$2,311doesn't fitdoesn't fit
Sell Hyperliquid live order book, 50 min ago2.03 bpdoesn't fitdoesn'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
Hyperliquid MEshort+0.0100%1h0.07370−0.041%$232K$98K3x
Aster MEUSDT+0.0100%4h0.07375+0.031%$17K$11K5xas long as short
Binance MEUSDT+0.0100%4h0.07372−0.017%$2.1M$3.8M50xas long as short
Bybit MEUSDT+0.0100%4h0.07370−0.041%$1.5M$625K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07370−0.041%$469K$981K20xas long as short
Gate ME_USDT+0.0100%8h0.07370−0.041%$203K$65K50xas long as short
MEXC ME_USDT+0.0100%4h0.07370−0.041%$496K$127K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07370−0.041%$205K$26K30xas long as short
Bitget MEUSDTlong+0.0100%4h0.07373long leg$638K$416K25x
BingX ME-USDT+0.0100%4h0.07371−0.027%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07371−0.024%$11K$1Kas long as short
BloFin ME-USDT+0.0145%4h0.07369−0.054%$108K$8K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07375+0.030%$26K15xas long as short