HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.014%

Price spread now: GRVT against MEXC−0.174%112s7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$160.156% of the position

Long on MEXC Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days+0.149%+$15 · spread now −0.174%, 7d avg +0.005%

Together, before fees+0.145%+ Points / potential airdropGRVT: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.179% cheaper against MEXC than usual: you would sell low and buy high (spread −0.174% now, against its 7-day average of +0.005%). If the spread goes back, that is −$18 on $10k: about 20 days of funding at the current rate (+$1 a day). The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC HYPE_USDT	94.070	0.0070	pay 0.0035% / 4h	53m 39s	$90.8M	$80.4M	100x
Short	GRVT HYPE_USDT_Perp	93.906	0.0100	get 0.0050% / 4h	53m 39s	$7.6M	$45.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.174%Rate

Funding earned: $6.3
Price spread: −0.174% → +0.005%: −$17.9
Slippage, 4 orders: −$2.64
Fee MEXC: 2 bp × 2 orders: −$4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$27.24
Costs to cover: 0.156%
Break-even: 37.3 days

Slippage from MEXC: live order book, 10 min ago; GRVT: 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, 10 min ago	0.05 bp	2.1 bp −$2	2.4 bp −$24	9.6 bp −$963	34.3 bp −$17.1K
Sell GRVT live order book, 5 min ago	0.05 bp	4.6 bp −$5	4.8 bp −$48	doesn't fit	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	−0.0536%	1h	93.857	−0.226%	$199K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0487%	1h	93.772	−0.317%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.994	−0.081%	$1.2M	$3.8M	10x	as long as short
ApeX Omni HYPEUSDT	−0.0160%	1h	93.896	−0.185%	$349K	$1.1M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.965	−0.112%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.092	+0.024%	$128K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.001	−0.073%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	94.011	−0.063%	$28K	—	150x	as long as short
Orderly PERP_HYPE_USDC	+0.0014%	4h	94.004	−0.070%	$176K	$526K	20x	as long as short
Ondo Perps HYPE-USD.P	+0.0019%	1h	93.990	−0.085%	$703K	$905K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	+0.0020%	8h	94.060	−0.011%	$325.0M	$280.9M	75x	as long as short
Aster HYPEUSDT	+0.0031%	4h	94.023	−0.050%	$9.0M	$35.8M	300x	as long as short
Phoenix HYPE	+0.0034%	1h	93.805	−0.282%	$215K	$1.2M	10x	as long as short
edgeX HYPEUSDC	+0.0067%	4h	93.855	−0.229%	$5.1M	$29.7M	30x	as long as short
Phemex HYPEUSDT	+0.0069%	8h	93.934	−0.145%	$12.8M	$2.6M	50x	as long as short
Gate HYPE_USDT	+0.0070%	4h	94.061	−0.010%	$44.5M	$57.9M	75x	as long as short
MEXC HYPE_USDTlong	+0.0070%	4h	94.070	long leg	$90.8M	$80.4M	100x
Binance HYPEUSDT	+0.0073%	4h	94.065	−0.005%	$386.5M	$887.1M	75x	as long as short
Derive HYPE-PERP	+0.0077%	1h	93.939	−0.140%	$16.4M	$6.9M	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.057	−0.014%	$19.1M	$59.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.040	−0.032%	$3.1M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.977	−0.099%	$63K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.988	−0.087%	$400K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.034	−0.039%	$342K	$169K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.090	+0.021%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.980	−0.096%	$5.9M	$44.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.075	+0.005%	$10.2M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.078	+0.009%	$115.6M	$316.1M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.022	−0.051%	$47.3M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.085	+0.016%	$228.0M	$102.5M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.068	−0.002%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.020	−0.053%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.882	−0.200%	$32.1M	$53.0M	—	as long as short
GRVT HYPE_USDT_Perpshort	+0.0100%	4h	93.906	−0.174%	$7.6M	$45.5M	10x
StandX HYPE-USD	+0.0100%	1h	93.945	−0.133%	$679K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.998	−0.077%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.018	−0.055%	$485K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.976	−0.100%	$113K	$578K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.996	−0.079%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.018	−0.055%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.993	−0.082%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.680	−0.415%	$205K	$7K	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	93.850	−0.234%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.061	−0.010%	$18.7M	$42.1M	50x	as long as short
01 Exchange HYPEUSD	+0.0104%	1h	94.004	−0.070%	$91K	$356K	20x	as long as short
Kalshi KXHYPEPERP	+0.0123%	8h	94.029	−0.044%	$1.9M	$5.1M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.060	−0.011%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0225%	4h	94.148	+0.083%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	93.993	−0.082%	$77K	$142K	15x	as long as short
BloFin HYPE-USDT	+0.0280%	4h	93.930	−0.149%	$17.0M	$12.3M	75x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.131	+0.065%	$2.8M	$6.8M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0292%	1h	94.089	+0.020%	$7.4M	$4.5M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	93.966	−0.110%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0577%	1h	94.098	+0.029%	$21.0M	$29.0M	50x	as long as short
Hyperliquid HYPE	+0.0638%	1h	94.059	−0.012%	$2.05B	$665.3M	10x	as long as short