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

ME

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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 0.000%
Price spread now: KuCoin against Hyperliquid+0.040%7-day average +0.085% · you sell dearer than you buy
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+0.009%+$1 on $10k
Price spread, last 4 days (all we have)+0.095%+$10 · spread now +0.040%, 7d avg +0.085%
Together, before fees+0.104%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 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 0.045% cheaper against Hyperliquid than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.085%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ME0.074240.0100pay 0.0013% / 1h31m 05s$234K$95K3x
ShortKuCoin MEUSDTM0.074270.0100get 0.0050% / 4h3h 31m$207K$25K30x

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: +0.040% → +0.085%
−$4.46
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$25.46
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 18 min ago; KuCoin: live order book, 19 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 Hyperliquid live order book, 18 min ago1.34 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 19 min ago26.18 bp246.4 bp −$246doesn'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
BloFin ME-USDT+0.0067%4h0.07425+0.013%$109K$7K50xas long as short
Hyperliquid MElong+0.0100%1h0.07424long leg$234K$95K3x
Binance MEUSDT+0.0100%4h0.07425+0.009%$2.2M$3.9M50xas long as short
Bybit MEUSDT+0.0100%4h0.07428+0.054%$1.5M$669K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07425+0.013%$480K$1.0M20xas long as short
Gate ME_USDT+0.0100%8h0.07430+0.081%$190K$73K50xas long as short
MEXC ME_USDT+0.0100%4h0.07425+0.013%$506K$130K20xas long as short
KuCoin MEUSDTMshort+0.0100%4h0.07427+0.040%$207K$25K30x
Bitget MEUSDT+0.0100%4h0.07429+0.067%$640K$409K25xas long as short
BingX ME-USDT+0.0100%4h0.07427+0.040%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07432+0.106%$12K$2Kas long as short
Aster MEUSDT+0.0148%4h0.07426+0.021%$17K$11K5xas long as short
Reya MERUSDPERP+0.0228%1h0.07427+0.039%$26K15xas long as short