Settings8H · net · $10k
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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 23:00 UTC−0.0221%/8h= −24.2% APRpaid last 24h −0.048%
Price spread now: Arcus against MEXC−0.013%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$130.131% of the position
Long on MEXCShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.066%−$7 on $10k
Price spread, last 7 days+0.040%+$4 · spread now −0.013%, 7d avg −0.022%
Together, before fees−0.026%−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.066% in total (about -7.2% 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
LongMEXC HYPE_USDT93.1130.0090pay 0.0045% / 4h1h 37m$89.8M$81.8M100x
ShortArcus HYPE-USD93.101−0.0131pay 0.0016% / 1h37m 19s$1.2M$4.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against MEXC. 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
−$46.39
Price spread: −0.013% → −0.022%
$0.87
Slippage, 4 orders
−$4.62
Fee MEXC: 2 bp × 2 orders
−$4
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$58.64
Costs to cover
0.131%
Break-even
never at this rate
Slippage from MEXC: live order book, 2 min ago; Arcus: 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 MEXC live order book, 2 min ago1.13 bp3.1 bp −$34.2 bp −$4212.3 bp −$1,23140.8 bp −$20.4K
Sell Arcus live order book, 2 min ago0.70 bp3.3 bp −$37.5 bp −$7526.5 bp −$2,649doesn't fit

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
Aftermath Perps HYPEUSD−0.0362%1h93.223+0.118%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0184%1h93.205+0.099%$197K$230K7xas long as short
Arcus HYPE-USDshort−0.0131%1h93.101−0.013%$1.2M$4.0M10x
Ondo Perps HYPE-USD.P−0.0103%1h93.150+0.040%$700K$924K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.161+0.052%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0016%1h93.125+0.013%$90K$361K20xas long as short
dYdX HYPE-USD0.0000%1h93.189+0.082%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.125+0.013%$58K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.144+0.033%$23K$331K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.150+0.040%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0008%4h93.125+0.013%$8.9M$36.0M300xas long as short
Bybit HYPEUSDT+0.0027%8h93.110−0.003%$323.2M$286.8M75xas long as short
Orderly PERP_HYPE_USDC+0.0033%4h93.112−0.001%$171K$519K20xas long as short
Phoenix HYPE+0.0034%1h93.374+0.280%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0035%1h93.106−0.007%$111K$579K20xas long as short
Gate HYPE_USDT+0.0038%4h93.102−0.012%$43.8M$57.9M75xas long as short
Derive HYPE-PERP+0.0039%1h93.083−0.032%$16.3M$7.1M10xas long as short
Binance HYPEUSDT+0.0089%4h93.105−0.008%$382.7M$892.5M75xas long as short
MEXC HYPE_USDTlong+0.0090%4h93.113long leg$89.8M$81.8M100x
Lighter HYPE+0.0096%1h93.189+0.082%$18.5M$58.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.168+0.059%$3.1M$12.1M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.143+0.032%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.150+0.040%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.120+0.007%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.169+0.060%$2.02B$670.1M10xas long as short
Pacifica HYPE+0.0100%1h93.153+0.043%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.101−0.013%$113.8M$313.5M50xas long as short
Bulk HYPE-USD+0.0100%1h93.390+0.297%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.155+0.045%$47.2M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.121+0.009%$225.7M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.117+0.004%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.202+0.096%$7.8M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.354+0.259%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.268+0.166%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.246+0.143%$412K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.210+0.104%$674K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.183+0.075%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.158+0.048%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.116+0.003%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.178+0.070%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.105−0.009%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.153+0.043%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.089−0.026%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.094−0.021%$396K$318K20xas long as short
edgeX HYPEUSDC+0.0106%4h93.228+0.124%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0108%8h93.288+0.188%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.190+0.083%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.070−0.046%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.100−0.014%$78K$158K15xas long as short
HTX HYPE-USDT+0.0259%4h93.300+0.201%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.204+0.098%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0319%1h93.211+0.105%$7.4M$4.6M50xas long as short
BloFin HYPE-USDT+0.0336%4h93.252+0.149%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0159%1h93.154+0.045%$1.5M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0466%1h93.200+0.093%$20.8M$28.9M50xas long as short