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 BingX0.000%7-day average −0.052% · 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−0.002%$0 on $10k
Price spread, last 4 days (all we have)−0.159%−$16 · spread now 0.000%, 7d avg −0.052%
Together, before fees−0.161%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 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 0.052% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.052%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ME-USDT0.073710.0100pay 0.0050% / 4h2h 33m$1.3M
ShortHyperliquid ME0.073710.0100get 0.0013% / 1h33m 56s$232K$98K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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: 0.000% → −0.052%
$5.19
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$13.81
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 3 min ago; Hyperliquid: live order book, 49 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 BingX live order book, 3 min ago4.07 bp25.0 bp −$25105.1 bp −$1,051630.1 bp −$63.0K814.1 bp −$407.1K
Sell Hyperliquid live order book, 49 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%1h0.073710.000%$232K$98K3x
Aster MEUSDT+0.0100%4h0.07379+0.110%$17K$11K5xas long as short
Binance MEUSDT+0.0100%4h0.07372+0.007%$2.1M$3.8M50xas long as short
Bybit MEUSDT+0.0100%4h0.07370−0.014%$1.5M$625K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07368−0.041%$469K$980K20xas long as short
Gate ME_USDT+0.0100%8h0.07370−0.014%$203K$65K50xas long as short
MEXC ME_USDT+0.0100%4h0.07375+0.054%$496K$127K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07372+0.014%$205K$26K30xas long as short
Bitget MEUSDT+0.0100%4h0.07374+0.041%$638K$416K25xas long as short
BingX ME-USDTlong+0.0100%4h0.07371long leg$1.3M
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07371+0.003%$11K$1Kas long as short
BloFin ME-USDT+0.0145%4h0.07369−0.027%$108K$8K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07375+0.057%$26K15xas long as short