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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−0.0034%/8h= −3.7% APRpaid last 24h −0.006%
Price spread now: MEXC against Variational Omni+0.126%7-day average +0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.001%$0 on $10k
Price spread, last 7 days−0.100%−$10 · spread now +0.126%, 7d avg +0.033%
Together, before fees−0.101%+ Points / potential airdropVariational Omni: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.093% dearer against Variational Omni than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.033%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.1 days. At the pace of the last 3 days (−0.001% in total) that is about 8 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE93.2030.0100pay 0.0100% / 8h1h 12m$29.0M$50.5M—
ShortMEXC HYPE_USDT93.3210.0066get 0.0033% / 4h1h 12m$90.2M$82.3M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Variational Omni. 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
−$7.14
Price spread: +0.126% → +0.033%
$9.31
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$1.83
Costs to cover
0.040%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; MEXC: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 2 min ago0.46 bpdoesn't fit3.9 bp −$398.1 bp −$813doesn't fit
Sell MEXC live order book, 2 min ago0.21 bp2.2 bp −$24.8 bp −$4810.5 bp −$1,05234.7 bp −$17.3K

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
Aftermath Perps HYPEUSD−0.0450%1h93.258+0.059%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0376%1h93.322+0.128%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.251+0.051%$1.2M$3.9M10xas long as short
Ondo Perps HYPE-USD.P−0.0122%1h93.260+0.061%$699K$933K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.313+0.118%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0024%1h93.348+0.155%$91K$359K20xas long as short
dYdX HYPE-USD0.0000%1h93.308+0.112%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.317+0.122%$57K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.310+0.115%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.351+0.159%$27K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0004%4h93.321+0.127%$8.9M$35.8M300xas long as short
Orderly PERP_HYPE_USDC+0.0019%4h93.339+0.146%$176K$524K20xas long as short
Bybit HYPEUSDT+0.0022%8h93.310+0.114%$323.2M$283.8M75xas long as short
Phoenix HYPE+0.0034%1h93.249+0.049%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0042%1h93.323+0.128%$112K$578K20xas long as short
Derive HYPE-PERP+0.0047%1h93.257+0.058%$16.3M$7.0M10xas long as short
Gate HYPE_USDT+0.0062%4h93.313+0.118%$44.0M$58.7M75xas long as short
MEXC HYPE_USDTshort+0.0066%4h93.321+0.126%$90.2M$82.3M100x
Binance HYPEUSDT+0.0067%4h93.323+0.129%$383.1M$889.8M75xas long as short
edgeX HYPEUSDC+0.0085%4h93.171−0.034%$5.1M$29.7M30xas long as short
Lighter HYPE+0.0096%1h93.369+0.178%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.352+0.159%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.315+0.120%$397K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.319+0.124%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.300+0.104%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.322+0.127%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.353+0.161%$2.03B$669.9M10xas long as short
Pacifica HYPE+0.0100%1h93.343+0.150%$10.0M$14.4M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.309+0.113%$114.3M$313.3M50xas long as short
Bulk HYPE-USD+0.0100%1h93.232+0.031%$204K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.333+0.139%$47.0M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.345+0.152%$226.4M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.322+0.127%—$53.7M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.339+0.146%$7.9M$10.6M20xas long as short
Variational Omni HYPElong+0.0100%8h93.203long leg$29.0M$50.5M—
GRVT HYPE_USDT_Perp+0.0100%4h93.199−0.005%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.153−0.054%$414K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.317+0.122%$675K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.355+0.163%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.351+0.158%$494K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.321+0.126%$75K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.349+0.156%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.310+0.114%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.278+0.080%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.284+0.086%$18.2M$41.7M50xas long as short
Kalshi KXHYPEPERP+0.0119%8h93.367+0.176%$1.9M$5.2M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.440+0.254%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0229%4h93.513+0.332%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.420+0.232%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.322+0.128%$77K$159K15xas long as short
BloFin HYPE-USDT+0.0268%4h93.316+0.121%$16.8M$12.4M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.373+0.182%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.349+0.156%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0371%1h93.407+0.219%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.439+0.253%$20.9M$29.0M50xas long as short