Funding arb · Price arb /

HYPER

all HYPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.054%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$740.740% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.054%, 7d avg −0.003%

Together, before fees+0.059%+$6 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: MEXC is 0.051% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HYPERUSDT	0.07425	0.0100	pay 0.0050% / 4h	1h 56m	$2.0M	$2.1M	50x
Short	MEXC HYPER_USDT	0.07421	0.0100	get 0.0050% / 4h	1h 56m	$258K	$128K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now −0.054%Rate

Funding earned: $0
Price spread: −0.054% → −0.003%: −$5.14
Slippage, 4 orders: −$60.04
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$79.17
Costs to cover: 0.740%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; MEXC: live order book, 16 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 Binance live order book, 8 min ago	2.02 bp	28.2 bp −$28	99.4 bp −$994	doesn't fit	doesn't fit
Sell MEXC live order book, 16 min ago	0.67 bp	9.2 bp −$9	68.5 bp −$685	217.3 bp −$21.7K	541.8 bp −$270.9K

HYPER on 10 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
Gate HYPER_USDT	−0.0174%	4h	0.07420	−0.067%	$90K	$46K	50x	as long as short
KuCoin HYPERUSDTM	−0.0166%	4h	0.07403	−0.296%	$131K	$93K	30x	as long as short
BloFin HYPER-USDT	+0.0044%	4h	0.07418	−0.094%	$190K	$23K	50x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07430	+0.065%	$72K	$121K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07422	−0.042%	$20K	$4K	5x	as long as short
Binance HYPERUSDTlong	+0.0100%	4h	0.07425	long leg	$2.0M	$2.1M	50x
Bybit HYPERUSDT	+0.0100%	4h	0.07422	−0.040%	$1.1M	$704K	25x	as long as short
MEXC HYPER_USDTshort	+0.0100%	4h	0.07421	−0.054%	$258K	$128K	20x
Bitget HYPERUSDT	+0.0100%	4h	0.07421	−0.054%	$310K	$262K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07410	−0.200%	$7K	$1K	—	as long as short