HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against MEXC−0.039%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs+$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.480%+$48 on $10k

Price spread, last 3 days (all we have)−0.085%−$8 · spread now −0.039%, 7d avg −0.002%

Together, before fees+0.396%+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.038% cheaper against MEXC than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of −0.002%). If the spread goes back, that is −$4 on $10k: about 13 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC HYPE_USDT	93.728	0.0100	pay 0.0050% / 4h	2h 24m	$93.8M	$82.3M	100x
Short	BloFin HYPE-USDT	93.691	0.0340	get 0.0170% / 4h	2h 24m	$17.1M	$12.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee MEXCbpFee BloFinbpOrdersPrice spread, now −0.039%Rate

Funding earned: $50.4
Price spread: −0.039% → −0.002%: −$3.78
Slippage, 4 orders: −$0.21
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: $30.41
Costs to cover: 0.162%
Break-even: 2.8 days

Slippage from MEXC: live order book, 5 min ago; BloFin: live order book, 5 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 MEXC live order book, 5 min ago	0.05 bp	2.1 bp −$2	2.3 bp −$23	11.3 bp −$1,131	40.1 bp −$20.0K
Sell BloFin live order book, 5 min ago	0.05 bp	6.1 bp −$6	7.9 bp −$79	15.6 bp −$1,561	doesn't fit

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
Hibachi HYPE/USDT-P	−0.1008%	1h	93.638	−0.096%	$198K	$233K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0294%	1h	93.602	−0.135%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0236%	1h	93.630	−0.105%	$702K	$935K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.719	−0.010%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.745	+0.018%	$90K	$349K	20x	as long as short
Bullet HYPE-USD	−0.0033%	1h	93.696	−0.034%	$112K	$583K	20x	as long as short
Derive HYPE-PERP	−0.0009%	1h	93.656	−0.077%	$16.4M	$7.0M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.721	−0.008%	$128K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.718	−0.011%	$23K	$337K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.730	+0.002%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0027%	4h	93.736	+0.008%	$9.0M	$35.8M	300x	as long as short
Gate HYPE_USDT	+0.0036%	4h	93.721	−0.007%	$44.1M	$57.0M	75x	as long as short
Bybit HYPEUSDT	+0.0037%	8h	93.710	−0.019%	$326.4M	$287.1M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0066%	4h	93.698	−0.032%	$176K	$535K	20x	as long as short
Phoenix HYPE	+0.0068%	1h	93.742	+0.015%	$216K	$1.2M	10x	as long as short
Popdex HYPEUSDT	+0.0072%	1h	93.706	−0.023%	$57K	$1.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.769	+0.044%	$18.6M	$59.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.746	+0.019%	$3.1M	$12.4M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.751	+0.024%	$341K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.710	−0.019%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.707	−0.023%	$6.0M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.809	+0.086%	$2.04B	$669.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.746	+0.019%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.721	−0.008%	$386.6M	$888.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.706	−0.023%	$115.1M	$316.0M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.694	−0.036%	$1.2M	$4.0M	10x	as long as short
MEXC HYPE_USDTlong	+0.0100%	4h	93.728	long leg	$93.8M	$82.3M	100x
KuCoin HYPEUSDTM	+0.0100%	4h	93.746	+0.019%	$46.6M	$18.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.723	−0.005%	$227.6M	$102.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.730	+0.002%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.749	+0.022%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.652	−0.081%	$29.0M	$50.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.613	−0.123%	$7.5M	$45.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.545	−0.195%	$406K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.686	−0.045%	$677K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.751	+0.024%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.751	+0.025%	$495K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.713	−0.016%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.753	+0.027%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.703	−0.027%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.678	−0.053%	$12.8M	$2.6M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.556	−0.183%	$204K	$12K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.698	−0.032%	$18.3M	$41.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.687	−0.044%	$399K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0105%	4h	93.554	−0.185%	$5.1M	$29.5M	30x	as long as short
Kalshi KXHYPEPERP	+0.0135%	8h	93.779	+0.054%	$1.9M	$5.3M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0187%	1h	93.805	+0.082%	$7.4M	$4.6M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.720	−0.009%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0245%	1h	93.717	−0.012%	$78K	$158K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.610	−0.126%	$30K	$291K	12x	as long as short
HTX HYPE-USDT	+0.0314%	4h	93.886	+0.169%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0164%	1h	93.732	+0.004%	$1.4M	—	100x	as long as short
BloFin HYPE-USDTshort	+0.0340%	4h	93.691	−0.039%	$17.1M	$12.5M	75x
RISEx HYPE/USDC	+0.0467%	1h	93.787	+0.063%	$2.8M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0572%	1h	93.807	+0.084%	$19.2M	$26.0M	50x	as long as short