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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0192%/8h= +21.1% APRnext payment +$0.96 per $10,000 · paid last 24h +0.041%
Price spread now: HTX against MEXC+0.210%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Long on MEXCShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.057%+$6 on $10k
Price spread, last 3 days (all we have)−0.336%−$34 · spread now +0.210%, 7d avg +0.030%
Together, before fees−0.279%−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and HTX is 0.180% dearer against MEXC than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.030%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.96 per $10,000. 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_USDT93.2660.0100pay 0.0050% / 4h2h 08m$93.1M$82.4M100x
ShortHTX HYPE-USDT93.4620.0292get 0.0146% / 4h2h 08m$1.5M$7.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$40.41
Price spread: +0.210% → +0.030%
$18
Slippage, 4 orders
−$8.09
Fee MEXC: 2 bp × 2 orders
−$4
Fee HTX: 6 bp × 2 orders
−$12
Net
$34.32
Costs to cover
0.241%
Break-even
1.1 days
Slippage from MEXC: live order book, 10 min ago; HTX: live order book, 5 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, 10 min ago0.05 bp2.1 bp −$22.1 bp −$2110.6 bp −$1,05641.4 bp −$20.7K
Sell HTX live order book, 5 min ago0.96 bp11.8 bp −$1215.5 bp −$15548.3 bp −$4,830doesn'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
Hibachi HYPE/USDT-P−0.0896%1h93.344+0.083%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0255%1h93.456+0.204%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0237%1h93.230−0.039%$700K$930K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.285+0.020%$90K$355K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.289+0.025%$3K$33125xas long as short
Derive HYPE-PERP−0.0025%1h93.232−0.037%$16.4M$7.1M10xas long as short
Bullet HYPE-USD−0.0019%1h93.2660.000%$110K$581K20xas long as short
dYdX HYPE-USD0.0000%1h93.383+0.126%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.302+0.039%$23K$334K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.316+0.053%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0010%4h93.267+0.001%$8.9M$35.8M300xas long as short
Gate HYPE_USDT+0.0022%4h93.264−0.002%$43.9M$57.7M75xas long as short
Bybit HYPEUSDT+0.0030%8h93.280+0.015%$324.9M$287.1M75xas long as short
Popdex HYPEUSDT+0.0040%1h93.268+0.002%$58K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0054%4h93.293+0.029%$165K$538K20xas long as short
Phoenix HYPE+0.0068%1h93.605+0.363%$216K$1.2M10xas long as short
SoDEX HYPE-USD+0.0091%1h93.267+0.001%$2.0M$2.0M10xas long as short
Lighter HYPE+0.0096%1h93.315+0.052%$18.6M$59.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.307+0.044%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.299+0.035%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.310+0.047%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.275+0.010%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.363+0.104%$2.03B$670.4M10xas long as short
Pacifica HYPE+0.0100%1h93.293+0.029%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.267+0.001%$384.9M$889.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.250−0.017%$114.5M$314.9M50xas long as short
Arcus HYPE-USD+0.0100%1h93.254−0.013%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.285+0.020%$204K$12K10xas long as short
MEXC HYPE_USDTlong+0.0100%4h93.266long leg$93.1M$82.4M100x
KuCoin HYPEUSDTM+0.0100%4h93.277+0.012%$46.2M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.285+0.020%$226.7M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.267+0.001%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.305+0.042%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.263−0.004%$29.1M$50.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.311+0.048%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.267+0.001%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.338+0.077%$675K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.316+0.054%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.310+0.047%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.276+0.011%$75K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.354+0.094%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.321+0.059%$12.7M$2.6M50xas long as short
Kalshi KXHYPEPERP+0.0104%8h93.377+0.119%$1.9M$5.2M2.3xas long as short
Extended HYPE-USD+0.0104%1h93.2660.000%$18.3M$41.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.300+0.037%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0115%4h93.290+0.026%$5.1M$29.4M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.390+0.133%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.278+0.013%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.910+0.690%$31K$291K12xas long as short
HTX HYPE-USDTshort+0.0292%4h93.462+0.210%$1.5M$7.7M75x
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.318+0.056%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.271+0.005%$17.1M$12.4M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0404%1h93.402+0.146%$7.4M$4.6M50xas long as short
RISEx HYPE/USDC+0.0467%1h93.344+0.084%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.415+0.160%$19.1M$26.2M50xas long as short