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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bitget−0.135%7-day average −0.070% · 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)+0.041%+$4 · spread now −0.135%, 7d avg −0.070%
Together, before fees+0.066%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 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 0.065% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.070%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MEUSDT0.074030.0100pay 0.0050% / 4h28m 08s$644K$416K25x
ShortHyperliquid ME0.073930.0100get 0.0013% / 1h28m 08s$232K$96K3x

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: −0.135% → −0.070%
−$6.51
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$27.51
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 47 min ago; Hyperliquid: live order book, 31 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, 47 min ago3.41 bp17.6 bp −$18112.4 bp −$1,124doesn't fitdoesn't fit
Sell Hyperliquid live order book, 31 min ago1.36 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%1h0.07393−0.135%$232K$96K3x
Aster MEUSDT+0.0100%4h0.07391−0.167%$17K$11K5xas long as short
Binance MEUSDT+0.0100%4h0.07394−0.116%$2.1M$3.9M50xas long as short
Bybit MEUSDT+0.0100%4h0.07395−0.108%$1.5M$651K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07392−0.149%$476K$1.0M20xas long as short
Gate ME_USDT+0.0100%8h0.07390−0.176%$189K$74K50xas long as short
MEXC ME_USDT+0.0100%4h0.07398−0.068%$505K$130K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07418+0.203%$207K$25K30xas long as short
Bitget MEUSDTlong+0.0100%4h0.07403long leg$644K$416K25x
BingX ME-USDT+0.0100%4h0.07401−0.027%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07409+0.076%$11K$790as long as short
BloFin ME-USDT+0.0132%4h0.07412+0.122%$109K$7K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07405+0.029%$26K15xas long as short