ME arbitrage between HyperLiquid and OKX: we compare the price of ME on HyperLiquid (futures) and OKX (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

ME: OKX — deposit open, withdrawal open.

Open interest in ME right now — $5.5M: Binance $1.7M, Bybit $1.3M, BingX $1.1M, Bitget $443.9K, KuCoin $381.3K. See OI ME.

About ME arbitrage

How do I read the ME spread?

The spread is how many percent higher ME trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and OKX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get ME alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.