HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h +0.002%

Price spread now: MEXC against KuCoin−0.035%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.035%, 7d avg +0.005%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.041% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HYPEUSDTM	93.271	0.0100	pay 0.0050% / 4h	1h 20m	$47.0M	$18.8M	75x
Short	MEXC HYPE_USDT	93.238	0.0062	get 0.0031% / 4h	1h 20m	$90.4M	$82.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee MEXCbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$7.98
Price spread: −0.035% → +0.005%: −$4.05
Slippage, 4 orders: −$10.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$38.88
Costs to cover: 0.268%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 3 min ago	1.08 bp	10.4 bp −$10	18.5 bp −$185	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.05 bp	2.1 bp −$2	6.6 bp −$66	13.2 bp −$1,317	36.4 bp −$18.2K

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps HYPEUSD	−0.0422%	1h	93.090	−0.194%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0320%	1h	93.155	−0.125%	$197K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.148	−0.132%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0126%	1h	93.150	−0.130%	$699K	$928K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.230	−0.044%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	93.224	−0.050%	$90K	$361K	20x	as long as short
Popdex HYPEUSDT	−0.0008%	1h	93.195	−0.081%	$58K	$1.2M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.276	+0.005%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.230	−0.044%	$23K	$331K	10x	as long as short
Aster HYPEUSDT	0.0000%	4h	93.255	−0.017%	$8.9M	$35.9M	300x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.277	+0.007%	$20K	—	150x	as long as short
Bybit HYPEUSDT	+0.0022%	8h	93.210	−0.065%	$323.1M	$287.2M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0022%	4h	93.253	−0.019%	$172K	$518K	20x	as long as short
Derive HYPE-PERP	+0.0029%	1h	93.205	−0.070%	$16.3M	$7.1M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	93.030	−0.258%	$214K	$1.2M	10x	as long as short
Gate HYPE_USDT	+0.0054%	4h	93.235	−0.039%	$43.9M	$58.5M	75x	as long as short
Bullet HYPE-USD	+0.0058%	1h	93.239	−0.034%	$111K	$580K	20x	as long as short
MEXC HYPE_USDTshort	+0.0062%	4h	93.238	−0.035%	$90.4M	$82.2M	100x
Binance HYPEUSDT	+0.0067%	4h	93.227	−0.047%	$381.8M	$895.8M	75x	as long as short
edgeX HYPEUSDC	+0.0074%	4h	92.953	−0.341%	$5.0M	$29.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.293	+0.024%	$18.6M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.257	−0.015%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.236	−0.037%	$397K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	93.246	−0.026%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.190	−0.087%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.209	−0.066%	$5.9M	$44.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.271	0.000%	$2.03B	$669.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.252	−0.021%	$10.0M	$14.3M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.232	−0.042%	$113.8M	$314.6M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.030	−0.258%	$203K	$8K	10x	as long as short
KuCoin HYPEUSDTMlong	+0.0100%	4h	93.271	long leg	$47.0M	$18.8M	75x
Bitget HYPEUSDT	+0.0100%	4h	93.243	−0.030%	$226.0M	$103.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.231	−0.043%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.243	−0.030%	$7.8M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.933	−0.362%	$28.9M	$50.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.008	−0.282%	$7.5M	$45.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.016	−0.273%	$414K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.100	−0.183%	$673K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.238	−0.035%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.242	−0.031%	$493K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.260	−0.012%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.273	+0.002%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.249	−0.024%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.231	−0.043%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.210	−0.065%	$18.2M	$42.0M	50x	as long as short
Kalshi KXHYPEPERP	+0.0111%	8h	93.271	0.000%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.220	−0.055%	$4.9M	$5.7M	50x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.320	+0.053%	$30K	$338K	12x	as long as short
HTX HYPE-USDT	+0.0242%	4h	93.400	+0.138%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	93.226	−0.048%	$77K	$159K	15x	as long as short
BloFin HYPE-USDT	+0.0257%	4h	93.255	−0.017%	$16.9M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.277	+0.007%	$2.7M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0158%	1h	93.267	−0.004%	$1.5M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0425%	1h	93.346	+0.080%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0465%	1h	93.372	+0.108%	$20.9M	$29.0M	50x	as long as short