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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid+0.174%7-day average +0.049% · 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)−0.015%−$1 · spread now +0.174%, 7d avg +0.049%
Together, before fees−0.013%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 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: BingX is 0.125% dearer against Hyperliquid than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ME0.074740.0100pay 0.0013% / 1h50m 16s$236K$100K3x
ShortBingX ME-USDT0.074870.0100get 0.0050% / 4h50m 16s$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: +0.174% → +0.049%
$12.5
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$6.5
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 39 min ago; BingX: live order book, 9 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, 39 min ago2.67 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 9 min ago5.37 bp19.0 bp −$1963.9 bp −$639593.8 bp −$59.4K807.8 bp −$403.9K

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
BloFin ME-USDT+0.0055%4h0.07500+0.348%$109K$8K50xas long as short
Hyperliquid MElong+0.0100%1h0.07474long leg$236K$100K3x
Aster MEUSDT+0.0100%4h0.07490+0.207%$13K$20K5xas long as short
Binance MEUSDT+0.0100%4h0.07489+0.201%$2.1M$4.0M50xas long as short
Bybit MEUSDT+0.0100%4h0.07497+0.308%$1.5M$768K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07505+0.415%$487K$1.1M20xas long as short
Gate ME_USDT+0.0100%8h0.07500+0.348%$191K$70K50xas long as short
MEXC ME_USDT+0.0100%4h0.07492+0.241%$497K$130K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07498+0.321%$208K$29K30xas long as short
Bitget MEUSDT+0.0100%4h0.07489+0.201%$651K$423K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDTshort+0.0100%4h0.07487+0.174%$1.3M
Variational Omni ME+0.0100%4h0.07487+0.176%$12K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07474−0.003%$26K15xas long as short