HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.08 per $10,000 · paid last 24h +0.003%

Price spread now: edgeX against MEXC+0.037%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$140.137% of the position

Long on MEXC Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.037%, 7d avg −0.040%

Together, before fees−0.027%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and edgeX is 0.077% dearer against MEXC than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC HYPE_USDT	93.509	0.0100	pay 0.0050% / 4h	2h 29m	$93.5M	$82.2M	100x
Short	edgeX HYPEUSDC	93.544	0.0116	get 0.0058% / 4h	2h 29m	$5.1M	$29.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.037%Rate

Funding earned: $3.33
Price spread: +0.037% → −0.040%: $7.72
Slippage, 4 orders: −$0.75
Fee MEXC: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$2.7
Costs to cover: 0.137%
Break-even: 12.7 days

Slippage from MEXC: live order book, 5 min ago; edgeX: 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	2.8 bp −$28	10.1 bp −$1,006	39.7 bp −$19.9K
Sell edgeX live order book, 5 min ago	0.32 bp	4.8 bp −$5	5.0 bp −$50	148.6 bp −$14.9K	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	−0.1064%	1h	93.496	−0.014%	$197K	$233K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0276%	1h	93.537	+0.030%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0248%	1h	93.440	−0.074%	$701K	$939K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.562	+0.057%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	93.547	+0.041%	$89K	$347K	20x	as long as short
Bullet HYPE-USD	−0.0033%	1h	93.508	−0.001%	$112K	$583K	20x	as long as short
Derive HYPE-PERP	−0.0007%	1h	93.475	−0.037%	$16.4M	$7.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.563	+0.058%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.480	−0.031%	$23K	$337K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.552	+0.046%	$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	+0.0018%	4h	93.497	−0.013%	$8.9M	$35.8M	300x	as long as short
Gate HYPE_USDT	+0.0024%	4h	93.512	+0.003%	$44.1M	$56.6M	75x	as long as short
Bybit HYPEUSDT	+0.0037%	8h	93.504	−0.005%	$325.7M	$287.1M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0068%	4h	93.516	+0.007%	$175K	$535K	20x	as long as short
Phoenix HYPE	+0.0068%	1h	93.549	+0.043%	$216K	$1.2M	10x	as long as short
Popdex HYPEUSDT	+0.0072%	1h	93.513	+0.004%	$57K	$1.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.543	+0.037%	$18.5M	$59.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.522	+0.014%	$3.1M	$12.3M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.504	−0.005%	$340K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.550	+0.044%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.513	+0.004%	$6.0M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.606	+0.104%	$2.04B	$669.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.513	+0.004%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.513	+0.004%	$385.8M	$887.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.499	−0.011%	$114.9M	$315.1M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.485	−0.026%	$1.2M	$4.0M	10x	as long as short
MEXC HYPE_USDTlong	+0.0100%	4h	93.509	long leg	$93.5M	$82.2M	100x
KuCoin HYPEUSDTM	+0.0100%	4h	93.534	+0.027%	$46.4M	$18.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.543	+0.036%	$227.2M	$102.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.508	−0.001%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.549	+0.043%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.541	+0.034%	$28.9M	$49.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.580	+0.076%	$7.5M	$45.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.558	+0.052%	$406K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.602	+0.099%	$677K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.555	+0.050%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.545	+0.038%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.530	+0.022%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.558	+0.052%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.513	+0.004%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.546	+0.040%	$12.7M	$2.6M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.556	+0.051%	$204K	$12K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.502	−0.008%	$18.4M	$41.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.520	+0.012%	$398K	$318K	20x	as long as short
edgeX HYPEUSDCshort	+0.0116%	4h	93.544	+0.037%	$5.1M	$29.6M	30x
Kalshi KXHYPEPERP	+0.0126%	8h	93.629	+0.128%	$1.9M	$5.3M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0188%	1h	93.619	+0.118%	$7.4M	$4.6M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.600	+0.097%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0245%	1h	93.512	+0.003%	$78K	$158K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.510	+0.001%	$30K	$291K	12x	as long as short
HTX HYPE-USDT	+0.0333%	4h	93.724	+0.230%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0164%	1h	93.554	+0.049%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.545	+0.038%	$17.1M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.581	+0.077%	$2.7M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0573%	1h	93.631	+0.130%	$19.2M	$26.0M	50x	as long as short