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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%
Price spread now: MEXC against ApeX Omni+0.172%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$250.254% of the position
Long on ApeX OmniShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days−0.015%−$1 on $10k
Price spread, last 7 days−0.128%−$13 · spread now +0.172%, 7d avg +0.016%
Together, before fees−0.142%−$14 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: MEXC is 0.156% dearer against ApeX Omni than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT94.5740.0100pay 0.0013% / 1h57m 06s$351K$1.1M50x
ShortMEXC HYPE_USDT94.7370.0100get 0.0050% / 4h3h 57m$93.6M$84.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against ApeX Omni. 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% → +0.016%
$15.6
Slippage, 4 orders
−$11.4
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$9.81
Costs to cover
0.254%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 2 min ago; MEXC: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 2 min ago4.28 bp10.9 bp −$1115.1 bp −$151doesn't fitdoesn't fit
Sell MEXC live order book, 2 min ago0.05 bp2.1 bp −$22.9 bp −$2912.7 bp −$1,27136.4 bp −$18.2K

HYPE on 55 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
Hibachi HYPE/USDT-P−0.1472%1h94.558−0.017%$207K$268K7xas long as short
Bluefin HYPE-PERP−0.0292%1h94.697+0.130%$80K$151K20xas long as short
Aftermath Perps HYPEUSD−0.0253%1h94.600+0.027%$22K$20K10xas long as short
Arcus HYPE-USD−0.0112%1h94.697+0.130%$1.0M$3.5M10xas long as short
Ondo Perps HYPE-USD.P−0.0085%1h94.610+0.038%$712K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.668+0.099%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h94.763+0.200%$87K$364K20xas long as short
Kraken Futures PF_HYPEUSD−0.0047%1h94.772+0.209%$20.3M$30.3M50xas long as short
Phemex HYPEUSDT−0.0046%8h94.697+0.130%$12.9M$2.9M50xas long as short
Orderly PERP_HYPE_USDC−0.0006%4h94.696+0.129%$147K$686K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX HYPE-USD0.0000%1h94.666+0.097%$130K$94K5xas long as short
Kalshi KXHYPEPERP0.0000%8h94.848+0.290%$1.9M$5.5M2.3xas long as short
Phoenix HYPE0.0000%1h94.723+0.158%$210K$1.2M10xas long as short
Perpl HYPE0.0000%43m94.719+0.154%$19K$285K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S 0.0000%1h94.747+0.183%$124K—150xas long as short
Derive HYPE-PERP+0.0008%1h94.543−0.033%$16.3M$7.3M10xas long as short
Bitget HYPEUSDT+0.0014%4h94.718+0.152%$227.2M$100.5M75xas long as short
Coinbase International HYPE-PERP-INTX+0.0016%1h94.700+0.133%$4.7M$6.2M50xas long as short
Paradex HYPE-USD-PERP+0.0048%8h94.710+0.144%$338K$154K20xas long as short
Bullet HYPE-USD+0.0062%1h94.734+0.169%$112K$575K20xas long as short
OKX HYPE-USDT-SWAP+0.0064%8h94.728+0.163%$118.0M$327.3M50xas long as short
Lighter HYPE+0.0072%1h94.729+0.164%$16.3M$61.7M20xas long as short
Vest HYPE-PERP+0.0076%1h94.792+0.231%—$190K5xas long as short
Bybit HYPEUSDT+0.0085%8h94.720+0.154%$318.2M$288.8M75xas long as short
edgeX HYPEUSDC+0.0092%4h94.580+0.006%$5.0M$30.6M30xas long as short
Lighter RH HYPE+0.0096%1h94.719+0.153%$3.2M$10.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.740+0.176%$121K$1.2M50xas long as short
Gate HYPE_USDT+0.0096%4h94.706+0.140%$50.8M$53.6M75xas long as short
Katana Perps HYPE-USD+0.0100%8h94.700+0.133%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.698+0.132%$7.3M$53.0M10xas long as short
Hyperliquid HYPE+0.0100%1h94.823+0.263%$2.08B$690.2M10xas long as short
Aster HYPEUSDT+0.0100%4h94.711+0.145%$8.9M$37.3M300xas long as short
Pacifica HYPE+0.0100%1h94.713+0.147%$10.2M$14.8M20xas long as short
Binance HYPEUSDT+0.0100%4h94.741+0.177%$380.0M$934.3M75xas long as short
Bulk HYPE-USD+0.0100%1h94.685+0.117%$219K$12K10xas long as short
MEXC HYPE_USDTshort+0.0100%4h94.737+0.172%$93.6M$84.5M100x
KuCoin HYPEUSDTM+0.0100%4h94.719+0.153%$46.9M$18.9M75xas long as short
BingX HYPE-USDT+0.0100%4h94.719+0.153%—$53.1M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.701+0.134%$7.6M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h94.532−0.044%$29.7M$55.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.625+0.054%$7.6M$44.6M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h94.574long leg$351K$1.1M50x
StandX HYPE-USD+0.0100%1h94.684+0.116%$696K$2.7M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.799+0.238%$500K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h94.831+0.272%$33K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.730+0.165%$2.1M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h94.853+0.295%$1.4M$6.9M75xas long as short
Extended HYPE-USD+0.0104%1h94.705+0.139%$18.4M$43.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.751+0.187%$401K$153K20xas long as short
RISEx HYPE/USDC+0.0133%1h94.762+0.199%$3.2M$6.4M20xas long as short
Injective HYPE/USDC PERP+0.0153%1h94.840+0.281%$31K$339K12xas long as short
Reya HYPERUSDPERP+0.0272%1h94.673+0.105%$83K$120K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0288%1h94.820+0.260%$7.5M$4.4M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0327% / S −0.0152%1h94.769+0.206%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h94.728+0.163%$15.8M$12.4M75xas long as short