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

ME

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Hyperliquid−0.040%7-day average +0.084% · 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+0.009%+$1 on $10k
Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.040%, 7d avg +0.084%
Together, before fees+0.174%+ Points / potential airdropHyperliquid: Season 2 · farm board+$17 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: KuCoin is 0.124% cheaper against Hyperliquid than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.084%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ME0.074840.0100pay 0.0013% / 1h35m 00s$234K$109K3x
ShortKuCoin MEUSDTM0.074810.0100get 0.0050% / 4h2h 35m$212K$32K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.040% → +0.084%
−$12.4
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$33.4
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 34 min ago; KuCoin: live order book, 21 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, 34 min ago1.99 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 21 min ago25.16 bp154.8 bp −$155doesn'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
BloFin ME-USDT+0.0081%4h0.07479−0.067%$109K$9K50xas long as short
Hyperliquid MElong+0.0100%1h0.07484long leg$234K$109K3x
Aster MEUSDT+0.0100%4h0.07481−0.037%$13K$21K5xas long as short
Binance MEUSDT+0.0100%4h0.07479−0.067%$2.1M$4.1M50xas long as short
Bybit MEUSDT+0.0100%4h0.07474−0.134%$1.5M$810K25xas long as short
OKX ME-USDT-SWAP+0.0100%4h0.07459−0.334%$471K$1.2M20xas long as short
Gate ME_USDT+0.0100%8h0.07470−0.187%$193K$73K50xas long as short
MEXC ME_USDT+0.0100%4h0.07480−0.053%$496K$130K20xas long as short
KuCoin MEUSDTMshort+0.0100%4h0.07481−0.040%$212K$32K30x
Bitget MEUSDT+0.0100%4h0.07481−0.040%$641K$436K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ME-USDT+0.0100%4h0.07476−0.107%$1.3Mas long as short
Variational Omni ME+0.0100%4h0.07459−0.329%$12K$2Kas long as short
Reya MERUSDPERP+0.0228%1h0.07482−0.022%$26K15xas long as short