Funding arb · Price arb /

HYPER

all HYPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bitget−0.050%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1071.066% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.050%, 7d avg −0.076%

Together, before fees+0.042%+$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: Binance is 0.026% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HYPERUSDT	0.07547	0.0100	pay 0.0050% / 4h	58m 40s	$314K	$283K	50x
Short	Binance HYPERUSDT	0.07543	0.0100	get 0.0050% / 4h	58m 40s	$2.0M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → −0.076%: $2.6
Slippage, 4 orders: −$84.65
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$104.05
Costs to cover: 1.066%
Break-even: never at this rate

Slippage from Bitget: live order book, 56 min ago; Binance: live order book, 6 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 Bitget live order book, 56 min ago	8.62 bp	26.2 bp −$26	149.2 bp −$1,492	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.99 bp	26.5 bp −$26	108.4 bp −$1,084	doesn't fit	doesn't fit

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
KuCoin HYPERUSDTM	−0.0096%	4h	0.07532	−0.199%	$107K	$89K	30x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07545	−0.021%	$71K	$135K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07539	−0.108%	$21K	$4K	5x	as long as short
Binance HYPERUSDTshort	+0.0100%	4h	0.07543	−0.050%	$2.0M	$2.3M	50x
Bybit HYPERUSDT	+0.0100%	4h	0.07541	−0.080%	$1.2M	$822K	25x	as long as short
Gate HYPER_USDT	+0.0100%	4h	0.07530	−0.225%	$87K	$42K	50x	as long as short
MEXC HYPER_USDT	+0.0100%	4h	0.07540	−0.093%	$238K	$129K	20x	as long as short
Bitget HYPERUSDTlong	+0.0100%	4h	0.07547	long leg	$314K	$283K	50x
Variational Omni HYPER	+0.0100%	4h	0.07527	−0.259%	$6K	$1K	—	as long as short
BloFin HYPER-USDT	+0.0124%	4h	0.07529	−0.239%	$195K	$21K	50x	as long as short