Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%
Price spread now: BingX against MEXC+0.028%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$150.149% of the position
Long on MEXCShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.067%−$7 on $10k
Price spread, last 7 days−0.030%−$3 · spread now +0.028%, 7d avg −0.015%
Together, before fees−0.098%−$10 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: BingX is 0.043% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC HYPE_USDT93.0640.0100pay 0.0050% / 4h3h 10m$91.5M$81.4M100x
ShortBingX HYPE-USDT93.0900.0100get 0.0050% / 4h3h 10m—$53.9M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
$0
Price spread: +0.028% → −0.015%
$4.32
Slippage, 4 orders
−$0.92
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$10.6
Costs to cover
0.149%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 13 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, 3 min ago0.05 bp2.1 bp −$23.6 bp −$3612.8 bp −$1,28245.8 bp −$22.9K
Sell BingX live order book, 13 min ago0.11 bp5.1 bp −$55.9 bp −$5910.5 bp −$1,05115.3 bp −$7,627

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−0.1808%1h93.008−0.060%$194K$231K7xas long as short
Aftermath Perps HYPEUSD−0.0321%1h93.016−0.052%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h93.058−0.006%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.071+0.008%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0052%4h93.043−0.023%$146K$671K20xas long as short
dYdX HYPE-USD0.0000%1h93.075+0.012%$128K$29K5xas long as short
Ondo Perps HYPE-USD.P0.0000%1h92.970−0.101%$700K$1.1M10xas long as short
Perpl HYPE0.0000%43m93.060−0.004%$22K$293K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.100+0.039%$62K—150xas long as short
Bullet HYPE-USD+0.0007%1h93.065+0.001%$111K$578K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0016%1h93.107+0.046%$87K$365K20xas long as short
Phoenix HYPE+0.0026%1h93.056−0.009%$208K$1.2M10xas long as short
Bybit HYPEUSDT+0.0027%8h93.051−0.014%$317.4M$284.3M75xas long as short
Phemex HYPEUSDT+0.0028%8h93.033−0.033%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0036%4h93.068+0.004%$225.1M$98.8M75xas long as short
Popdex HYPEUSDT+0.0048%1h93.081+0.018%$76K$1.1M50xas long as short
Gate HYPE_USDT+0.0054%4h93.061−0.003%$45.4M$54.8M75xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.105+0.044%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h93.079+0.016%$16.0M$62.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.085+0.023%$3.1M$11.6M20xas long as short
edgeX HYPEUSDC+0.0099%4h93.100+0.038%$4.9M$29.7M30xas long as short
Katana Perps HYPE-USD+0.0099%8h93.060−0.004%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.037−0.028%$6.8M$46.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.120+0.060%$2.03B$670.0M10xas long as short
Aster HYPEUSDT+0.0100%4h93.068+0.004%$8.7M$36.3M300xas long as short
Pacifica HYPE+0.0100%1h93.101+0.040%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h93.067+0.003%$373.6M$909.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.069+0.005%$114.0M$305.1M50xas long as short
Bulk HYPE-USD+0.0100%1h93.125+0.066%$203K$3K10xas long as short
MEXC HYPE_USDTlong+0.0100%4h93.064long leg$91.5M$81.4M100x
KuCoin HYPEUSDTM+0.0100%4h93.059−0.005%$46.1M$18.5M75xas long as short
BingX HYPE-USDTshort+0.0100%4h93.090+0.028%—$53.9M—
Backpack HYPE_USDC_PERP+0.0100%1h93.096+0.034%$7.3M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.028−0.039%$28.6M$56.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.156+0.099%$7.5M$46.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.126+0.067%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.097+0.035%$665K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.120+0.060%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.106+0.045%$488K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.077+0.014%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h93.052−0.013%$16.0M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.140+0.082%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.069+0.005%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.228+0.176%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h93.043−0.022%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.070+0.007%$393K$164K20xas long as short
Kalshi KXHYPEPERP+0.0117%8h93.139+0.081%$1.8M$5.5M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.120+0.060%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0196%1h93.136+0.078%$20.7M$29.4M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.410+0.372%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0266%1h93.085+0.022%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h93.094+0.032%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.074+0.011%$16.8M$11.8M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0523%1h93.164+0.107%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.144+0.086%$3.2M$6.3M20xas long as short