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Funding arb · Price arb /

HYPE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0231%/8h= +25.3% APRpaid last 24h +0.003%
Price spread now: MEXC against Bullet+0.021%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$160.160% of the position
Long on BulletShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.011%+$1 on $10k
Price spread, last 4 days (all we have)−0.318%−$32 · spread now +0.021%, 7d avg −0.013%
Together, before fees−0.307%−$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and MEXC is 0.034% dearer against Bullet than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.013%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.011% in total (about 1.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet HYPE-USD93.513−0.0131get 0.0016% / 1h56m 08s$112K$578K20x
ShortMEXC HYPE_USDT93.5330.0100get 0.0050% / 4h2h 56m$92.2M$80.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Bullet. 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
$48.58
Price spread: +0.021% → −0.013%
$3.44
Slippage, 4 orders
−$3.98
Fee Bullet: 4 bp × 2 orders
−$8
Fee MEXC: 2 bp × 2 orders
−$4
Net
$36.04
Costs to cover
0.160%
Break-even
1.8 days
Slippage from Bullet: live order book, 58 min ago; MEXC: live order book, 3 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 Bullet live order book, 58 min ago0.05 bp6.2 bp −$612.9 bp −$129doesn't fitdoesn't fit
Sell MEXC live order book, 3 min ago0.11 bp2.1 bp −$27.0 bp −$7013.0 bp −$1,29728.3 bp −$14.2K

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−0.1896%1h93.498−0.016%$197K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0364%1h93.451−0.067%$22K$21K10xas long as short
Bullet HYPE-USDlong−0.0131%1h93.513long leg$112K$578K20x
Hotstuff HYPE-PERP−0.0080%1h93.476−0.040%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0037%4h93.554+0.044%$146K$663K20xas long as short
01 Exchange HYPEUSD−0.0032%1h93.535+0.024%$88K$366K20xas long as short
dYdX HYPE-USD0.0000%1h93.608+0.101%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.556+0.046%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.576+0.067%$62K—150xas long as short
Arcus HYPE-USD+0.0011%1h93.514+0.001%$1.0M$3.9M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex HYPEUSDT+0.0020%8h93.499−0.015%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0024%4h93.518+0.005%$226.3M$99.2M75xas long as short
Bybit HYPEUSDT+0.0026%8h93.519+0.006%$318.1M$283.8M75xas long as short
Phoenix HYPE+0.0026%1h93.546+0.035%$209K$1.2M10xas long as short
Ondo Perps HYPE-USD.P+0.0061%1h93.560+0.050%$705K$1.2M10xas long as short
Bluefin HYPE-PERP+0.0092%1h93.553+0.043%$79K$167K20xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.581+0.073%$341K$162K20xas long as short
Lighter HYPE+0.0096%1h93.541+0.030%$16.1M$62.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.560+0.050%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.524+0.012%$77K$1.1M50xas long as short
edgeX HYPEUSDC+0.0097%4h93.351−0.173%$5.0M$29.9M30xas long as short
Gate HYPE_USDT+0.0098%4h93.518+0.005%$46.3M$53.8M75xas long as short
Katana Perps HYPE-USD+0.0099%8h93.510−0.003%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.544+0.034%$7.0M$47.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.565+0.056%$2.04B$667.2M10xas long as short
Aster HYPEUSDT+0.0100%4h93.565+0.056%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.574+0.065%$10.1M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.525+0.012%$375.1M$910.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.516+0.003%$114.9M$308.2M50xas long as short
Bulk HYPE-USD+0.0100%1h93.328−0.198%$203K$3K10xas long as short
MEXC HYPE_USDTshort+0.0100%4h93.533+0.021%$92.2M$80.0M100x
KuCoin HYPEUSDTM+0.0100%4h93.558+0.048%$46.2M$18.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.517+0.004%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.578+0.070%$7.3M$11.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.379−0.144%$28.8M$56.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.423−0.097%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.617+0.111%$343K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.612+0.106%$669K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.585+0.077%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.548+0.037%$490K$2.7M20xas long as short
Derive HYPE-PERP+0.0100%1h93.544+0.033%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.549+0.038%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.563+0.053%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.800+0.307%$1.4M$6.4M75xas long as short
Extended HYPE-USD+0.0104%1h93.539+0.028%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.566+0.057%$396K$161K20xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.410−0.110%$30K$339K12xas long as short
Kalshi KXHYPEPERP+0.0137%8h93.633+0.128%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.720+0.221%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0267%1h93.508−0.006%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.558+0.048%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.642+0.138%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0340%1h93.618+0.113%$20.9M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0391%1h93.649+0.145%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.602+0.096%$3.2M$6.3M20xas long as short