Funding arb · Price arb /

ME

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Swap Backtest

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 Aster−0.059%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.059% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MEUSDT	0.07372	0.0100	pay 0.0050% / 4h	2h 45m	$17K	$11K	5x
Short	Hyperliquid ME	0.07368	0.0100	get 0.0013% / 1h	45m 52s	$232K	$99K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee HyperliquidbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → 0.000%: −$5.87
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$22.87
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 38 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 38 min ago	2.03 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ME on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MEUSDT	−0.0103%	4h	0.07373	+0.009%	$1.5M	$625K	25x	as long as short
Hyperliquid MEshort	+0.0100%	1h	0.07368	−0.059%	$232K	$99K	3x
Aster MEUSDTlong	+0.0100%	4h	0.07372	long leg	$17K	$11K	5x
Binance MEUSDT	+0.0100%	4h	0.07370	−0.026%	$2.1M	$3.8M	50x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07372	−0.004%	$470K	$981K	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07370	−0.032%	$203K	$65K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07373	+0.009%	$490K	$125K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07381	+0.118%	$206K	$26K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07377	+0.063%	$638K	$416K	25x	as long as short
BingX ME-USDT	+0.0100%	4h	0.07377	+0.063%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ME	+0.0100%	4h	0.07366	−0.092%	$11K	$1K	—	as long as short
BloFin ME-USDT	+0.0141%	4h	0.07369	−0.045%	$109K	$8K	50x	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07373	+0.005%	$26K	—	15x	as long as short