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

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%
Price spread now: Polymarket Perps against MEXC+0.047%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$170.172% of the position
Long on MEXCShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days−0.037%−$4 on $10k
Price spread, last 7 days−0.028%−$3 · spread now +0.047%, 7d avg −0.054%
Together, before fees−0.066%−$7 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: Polymarket Perps is 0.101% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.054%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC HYPE_USDT93.5490.0100pay 0.0050% / 4h2h 30m$93.5M$82.2M100x
ShortPolymarket Perps HYPE-USD93.5930.0100get 0.0013% / 1h30m 55s$494K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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: +0.047% → −0.054%
$10.07
Slippage, 4 orders
−$5.17
Fee MEXC: 2 bp × 2 orders
−$4
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$7.1
Costs to cover
0.172%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; Polymarket Perps: live order book, 3 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 −$22.8 bp −$2810.1 bp −$1,00639.7 bp −$19.9K
Sell Polymarket Perps live order book, 3 min ago2.24 bp6.7 bp −$710.8 bp −$10833.4 bp −$3,338doesn'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−0.1072%1h93.498−0.055%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0272%1h93.521−0.030%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0240%1h93.520−0.031%$701K$941K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.559+0.011%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.585+0.038%$89K$347K20xas long as short
Bullet HYPE-USD−0.0030%1h93.551+0.002%$112K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.563+0.015%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.560+0.012%$23K$337K10xas long as short
Derive HYPE-PERP+0.0001%1h93.516−0.035%$16.4M$7.1M10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.597+0.051%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0020%4h93.568+0.020%$9.0M$35.8M300xas long as short
Gate HYPE_USDT+0.0032%4h93.559+0.011%$44.1M$56.6M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.547−0.002%$325.9M$287.0M75xas long as short
Phoenix HYPE+0.0068%1h93.5490.000%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0069%4h93.564+0.016%$176K$538K20xas long as short
Popdex HYPEUSDT+0.0080%1h93.5490.000%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.608+0.063%$18.6M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.587+0.041%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.571+0.024%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.570+0.022%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.549−0.001%$6.0M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.651+0.109%$2.04B$668.6M10xas long as short
Pacifica HYPE+0.0100%1h93.571+0.024%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.552+0.003%$386.0M$888.1M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.547−0.002%$114.9M$315.3M50xas long as short
Arcus HYPE-USD+0.0100%1h93.534−0.016%$1.2M$4.0M10xas long as short
MEXC HYPE_USDTlong+0.0100%4h93.549long leg$93.5M$82.2M100x
KuCoin HYPEUSDTM+0.0100%4h93.580+0.033%$46.4M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.577+0.030%$227.3M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.551+0.002%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.587+0.041%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.402−0.157%$28.9M$49.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.500−0.052%$7.5M$45.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.572+0.025%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.599+0.053%$677K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.597+0.051%—$454K5xas long as short
Polymarket Perps HYPE-USDshort+0.0100%1h93.593+0.047%$494K$2.6M20x
Bluefin HYPE-PERP+0.0100%1h93.573+0.026%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.594+0.048%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.5490.000%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.554+0.005%$12.7M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.556+0.008%$204K$12K10xas long as short
Extended HYPE-USD+0.0104%1h93.538−0.012%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.582+0.035%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0115%4h93.532−0.019%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0125%8h93.638+0.095%$1.9M$5.3M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0135%1h93.651+0.109%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.600+0.055%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.5490.000%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.490−0.063%$30K$231K12xas long as short
HTX HYPE-USDT+0.0335%4h93.730+0.193%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0164%1h93.600+0.054%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.545−0.004%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.623+0.079%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0572%1h93.661+0.120%$19.2M$26.0M50xas long as short