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

ME

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against Hyperliquid+0.053%7-day average −0.004% · 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−0.033%−$3 on $10k
Price spread, last 4 days (all we have)+0.072%+$7 · spread now +0.053%, 7d avg −0.004%
Together, before fees+0.039%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 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: OKX is 0.057% dearer against Hyperliquid than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ME0.074960.0100pay 0.0013% / 1h20m 06s$238K$101K3x
ShortOKX ME-USDT-SWAP0.075000.0100get 0.0050% / 4h2h 20m$493K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.053% → −0.004%
$5.69
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$13.31
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 19 min ago; OKX: live order book, 1 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, 19 min ago1.34 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 1 min ago5.34 bp21.9 bp −$22doesn't fitdoesn't fitdoesn't fit

ME on 12 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 MElong+0.0100%1h0.07496long leg$238K$101K3x
Aster MEUSDT+0.0100%4h0.07497+0.008%$13K$20K5xas long as short
Binance MEUSDT+0.0100%4h0.07496+0.006%$2.2M$4.0M50xas long as short
Bybit MEUSDT+0.0100%4h0.07494−0.027%$1.5M$742K25xas long as short
OKX ME-USDT-SWAPshort+0.0100%4h0.07500+0.053%$493K$1.1M20x
Gate ME_USDT+0.0100%8h0.07500+0.053%$191K$71K50xas long as short
MEXC ME_USDT+0.0100%4h0.07495−0.013%$483K$133K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07497+0.013%$208K$29K30xas long as short
Bitget MEUSDT+0.0100%4h0.07510+0.187%$646K$416K25xas long as short
BingX ME-USDT+0.0100%4h0.07502+0.080%$1.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07499+0.035%$12K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07494−0.024%$26K15xas long as short