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: OKX against Hyperliquid+0.172%7-day average −0.005% · 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−0.033%−$3 on $10k
Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.172%, 7d avg −0.005%
Together, before fees−0.001%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 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: OKX is 0.177% dearer against Hyperliquid than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ME0.075400.0100pay 0.0013% / 1h43m 38s$239K$109K3x
ShortOKX ME-USDT-SWAP0.075530.0100get 0.0050% / 4h43m 38s$489K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.172% → −0.005%
$17.71
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$1.29
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 46 min ago; OKX: live order book, 3 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, 46 min ago2.67 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 3 min ago5.31 bp24.4 bp −$24doesn'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 MElong+0.0100%1h0.07540long leg$239K$109K3x
Aster MEUSDT+0.0100%4h0.07532−0.112%$13K$20K5xas long as short
Binance MEUSDT+0.0100%4h0.07552+0.158%$2.2M$4.0M50xas long as short
Bybit MEUSDT+0.0100%4h0.07551+0.146%$1.6M$771K25xas long as short
OKX ME-USDT-SWAPshort+0.0100%4h0.07553+0.172%$489K$1.1M20x
Gate ME_USDT+0.0100%8h0.07530−0.133%$192K$70K50xas long as short
MEXC ME_USDT+0.0100%4h0.07553+0.172%$501K$131K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07529−0.146%$209K$29K30xas long as short
Bitget MEUSDT+0.0100%4h0.07552+0.159%$656K$425K25xas long as short
BingX ME-USDT+0.0100%4h0.07550+0.133%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07530−0.138%$12K$2Kas long as short
BloFin ME-USDT+0.0143%4h0.07538−0.027%$110K$8K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07529−0.151%$27K15xas long as short