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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid+0.109%7-day average +0.071% · 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−0.025%−$3 on $10k
Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.109%, 7d avg +0.071%
Together, before fees+0.011%+ 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: Bitget is 0.039% dearer against Hyperliquid than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ME0.073110.0100pay 0.0013% / 1h12m 53s$230K$96K3x
ShortBitget MEUSDT0.073190.0100get 0.0050% / 4h1h 12m$636K$416K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.109% → +0.071%
$3.88
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$17.12
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 57 min ago; Bitget: live order book, 2 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, 57 min ago1.36 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago3.41 bp27.4 bp −$2774.1 bp −$741doesn'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
BloFin ME-USDT+0.0055%4h0.07315+0.055%$106K$7K50xas long as short
Hyperliquid MElong+0.0100%1h0.07311long leg$230K$96K3x
Aster MEUSDT+0.0100%4h0.07311+0.005%$17K$11K5xas long as short
Binance MEUSDT+0.0100%4h0.07315+0.055%$2.1M$3.8M50xas long as short
Bybit MEUSDT+0.0100%4h0.07314+0.041%$1.4M$645K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07310−0.014%$460K$980K20xas long as short
Gate ME_USDT+0.0100%8h0.07310−0.014%$189K$74K50xas long as short
MEXC ME_USDT+0.0100%4h0.07315+0.055%$492K$130K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07312+0.014%$204K$25K30xas long as short
Bitget MEUSDTshort+0.0100%4h0.07319+0.109%$636K$416K25x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDT+0.0100%4h0.07314+0.041%$1.3Mas long as short
Variational Omni ME+0.0100%4h0.07318+0.090%$11K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07314+0.034%$26K15xas long as short