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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 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%
Price spread now: StandX against MEXC−0.034%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.229% of the position
Long on MEXCShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.017%+$2 on $10k
Price spread, last 7 days+0.023%+$2 · spread now −0.034%, 7d avg −0.005%
Together, before fees+0.040%+ Points / potential airdropStandX: Active · farm board+$4 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: StandX is 0.029% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC HYPE_USDT93.4280.0100pay 0.0050% / 4h1h 33m$89.4M$83.9M100x
ShortStandX HYPE-USD93.3960.0100get 0.0013% / 1h33m 59s$676K$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against MEXC. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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: −0.034% → −0.005%
−$2.9
Slippage, 4 orders
−$10.91
Fee MEXC: 2 bp × 2 orders
−$4
Fee StandX: 4 bp × 2 orders
−$8
Net
−$25.8
Costs to cover
0.229%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; StandX: 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, 5 min ago0.05 bp2.1 bp −$22.3 bp −$2311.4 bp −$1,14440.4 bp −$20.2K
Sell StandX live order book, 5 min ago0.05 bp13.1 bp −$1315.5 bp −$15536.1 bp −$3,606doesn'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−0.1040%1h93.327−0.108%$198K$240K7xas long as short
Aftermath Perps HYPEUSD−0.0185%1h93.490+0.067%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0088%1h93.330−0.105%$703K$1.2M10xas long as short
Bullet HYPE-USD−0.0083%1h93.356−0.077%$110K$579K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.362−0.071%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0048%1h93.405−0.025%$86K$369K20xas long as short
Bluefin HYPE-PERP−0.0033%1h93.387−0.044%$79K$155K20xas long as short
Orderly PERP_HYPE_USDC−0.0021%4h93.357−0.076%$145K$685K20xas long as short
dYdX HYPE-USD0.0000%1h93.345−0.088%$128K$28K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.467+0.042%$1.8M$5.6M2.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.338−0.097%$20K$289K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.400−0.030%$83K—150xas long as short
BingX HYPE-USDT+0.0002%4h93.413−0.016%—$53.6M—as long as short
Bybit HYPEUSDT+0.0002%8h93.408−0.021%$315.2M$287.9M75xas long as short
Derive HYPE-PERP+0.0007%1h93.302−0.134%$16.2M$7.5M10xas long as short
Phoenix HYPE+0.0017%1h93.482+0.058%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0042%4h93.436+0.009%$225.1M$99.8M75xas long as short
Paradex HYPE-USD-PERP+0.0076%8h93.425−0.004%$334K$161K20xas long as short
edgeX HYPEUSDC+0.0080%4h93.460+0.035%$5.0M$30.6M30xas long as short
Arcus HYPE-USD+0.0084%1h93.364−0.069%$1.0M$4.0M10xas long as short
Popdex HYPEUSDT+0.0088%1h93.374−0.058%$80K$1.2M50xas long as short
Phemex HYPEUSDT+0.0091%8h93.404−0.026%$12.7M$2.8M50xas long as short
Lighter HYPE+0.0096%1h93.401−0.029%$16.1M$64.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.413−0.016%$3.1M$11.1M20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.350−0.083%$21K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.360−0.072%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.500+0.077%$2.04B$681.6M10xas long as short
Aster HYPEUSDT+0.0100%4h93.419−0.010%$8.8M$37.1M300xas long as short
Pacifica HYPE+0.0100%1h93.420−0.009%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.4280.000%$374.0M$930.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.417−0.012%$115.3M$314.9M50xas long as short
Gate HYPE_USDT+0.0100%4h93.419−0.010%$48.4M$55.3M75xas long as short
MEXC HYPE_USDTlong+0.0100%4h93.428long leg$89.4M$83.9M100x
KuCoin HYPEUSDTM+0.0100%4h93.425−0.003%$46.3M$18.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.445+0.018%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.339−0.096%$28.7M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.507+0.085%$7.5M$48.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.469+0.044%$350K$1.0M50xas long as short
StandX HYPE-USDshort+0.0100%1h93.396−0.034%$676K$2.7M20x
Vest HYPE-PERP+0.0100%1h93.436+0.009%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.394−0.036%$469K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.415−0.014%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.388−0.043%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.525+0.104%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.507+0.085%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.361−0.072%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.405−0.024%$395K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.440+0.013%$4.7M$6.1M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0152% / S +0.0022%1h93.385−0.046%$1.4M—100xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.290−0.148%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.348−0.086%$77K$129K15xas long as short
BloFin HYPE-USDT+0.0340%4h93.358−0.075%$16.9M$12.2M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0360%1h93.474+0.049%$7.4M$4.2M50xas long as short
Kraken Futures PF_HYPEUSD+0.0416%1h93.455+0.029%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.421−0.008%$3.2M$6.4M20xas long as short