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

ME

all ME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against OKX+0.080%7-day average +0.006% · 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)−0.205%−$21 · spread now +0.080%, 7d avg +0.006%
Together, before fees−0.172%+ 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: Hyperliquid is 0.074% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ME-USDT-SWAP0.075420.0100pay 0.0050% / 4h3h 55m$473K$1.3M20x
ShortHyperliquid ME0.075480.0100get 0.0013% / 1h55m 38s$235K$134K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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: +0.080% → +0.006%
$7.4
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$11.6
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 1 min ago; Hyperliquid: live order book, 54 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 OKX live order book, 1 min ago4.63 bp34.1 bp −$34doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 54 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
Hyperliquid MEshort+0.0100%1h0.07548+0.080%$235K$134K3x
Aster MEUSDT+0.0100%4h0.07558+0.209%$13K$21K5xas long as short
Binance MEUSDT+0.0100%4h0.07546+0.059%$2.1M$4.3M50xas long as short
Bybit MEUSDT+0.0100%4h0.07556+0.186%$1.5M$851K25xas long as short
OKX ME-USDT-SWAPlong+0.0100%4h0.07542long leg$473K$1.3M20x
Gate ME_USDT+0.0100%8h0.07550+0.106%$195K$79K50xas long as short
MEXC ME_USDT+0.0100%4h0.07547+0.066%$505K$124K20xas long as short
KuCoin MEUSDTM+0.0100%4h0.07556+0.186%$215K$34K30xas long as short
Bitget MEUSDT+0.0100%4h0.07556+0.186%$649K$429K25xas long as short
BingX ME-USDT+0.0100%4h0.07552+0.133%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ME+0.0100%4h0.07558+0.209%$11K$2Kas long as short
BloFin ME-USDT+0.0112%4h0.07561+0.252%$108K$9K50xas long as short
Reya MERUSDPERP+0.0228%1h0.07554+0.163%$27K15xas long as short