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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0044%/8h= −4.9% APRpaid last 24h −0.001%
Price spread now: Hyperliquid against BloFin+0.026%7-day average −0.031% · 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+0.048%+$5 on $10k
Price spread, last 4 days (all we have)−0.342%−$34 · spread now +0.026%, 7d avg −0.031%
Together, before fees−0.294%+ Points / potential airdropHyperliquid: Season 2 · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.057% dearer against BloFin than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.031%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.3 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ME-USDT0.075490.0144pay 0.0072% / 4h3h 50m$107K$9K50x
ShortHyperliquid ME0.075510.0100get 0.0013% / 1h50m 43s$236K$133K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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
−$9.33
Price spread: +0.026% → −0.031%
$5.74
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$24.6
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 5 min ago; Hyperliquid: live order book, 59 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 BloFin live order book, 5 min ago1.99 bp16.2 bp −$1657.0 bp −$570doesn't fitdoesn't fit
Sell Hyperliquid live order book, 59 min ago1.32 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
Bybit MEUSDT−0.0022%4h0.07554+0.066%$1.5M$851K25xas long as short
Hyperliquid MEshort+0.0100%1h0.07551+0.026%$236K$133K3x
Aster MEUSDT+0.0100%4h0.07546−0.040%$13K$21K5xas long as short
Binance MEUSDT+0.0100%4h0.07552+0.037%$2.1M$4.3M50xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07550+0.013%$473K$1.3M20xas long as short
Gate ME_USDT+0.0100%8h0.07550+0.013%$195K$79K50xas long as short
MEXC ME_USDT+0.0100%4h0.07554+0.066%$505K$125K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07560+0.146%$216K$34K30xas long as short
Bitget MEUSDT+0.0100%4h0.07556+0.093%$649K$429K25xas long as short
BingX ME-USDT+0.0100%4h0.07552+0.040%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07551+0.023%$11K$2Kas long as short
BloFin ME-USDTlong+0.0144%4h0.07549long leg$107K$9K50x
Reya MERUSDPERP+0.0228%1h0.07550+0.017%$27K15xas long as short