Funding arb · Price arb /

HYPER

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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: MEXC against Bitget−0.053%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$790.790% of the position

Long on Bitget Short on MEXC

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)+0.067%+$7 · spread now −0.053%, 7d avg −0.078%

Together, before fees+0.064%+$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 0.025% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HYPERUSDT	0.07523	0.0100	pay 0.0050% / 4h	57m 35s	$313K	$283K	50x
Short	MEXC HYPER_USDT	0.07519	0.0100	get 0.0050% / 4h	57m 35s	$237K	$129K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → −0.078%: $2.53
Slippage, 4 orders: −$62.98
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$76.45
Costs to cover: 0.790%
Break-even: never at this rate

Slippage from Bitget: live order book, 58 min ago; MEXC: live order book, 47 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, 58 min ago	8.62 bp	26.2 bp −$26	149.2 bp −$1,492	doesn't fit	doesn't fit
Sell MEXC live order book, 47 min ago	1.99 bp	12.1 bp −$12	81.8 bp −$818	240.2 bp −$24.0K	480.9 bp −$240.4K

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	−0.0090%	4h	0.07515	−0.106%	$106K	$89K	30x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07519	−0.058%	$71K	$135K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07519	−0.051%	$20K	$4K	5x	as long as short
Binance HYPERUSDT	+0.0100%	4h	0.07517	−0.080%	$2.0M	$2.3M	50x	as long as short
Bybit HYPERUSDT	+0.0100%	4h	0.07520	−0.040%	$1.2M	$822K	25x	as long as short
Gate HYPER_USDT	+0.0100%	4h	0.07530	+0.093%	$87K	$42K	50x	as long as short
MEXC HYPER_USDTshort	+0.0100%	4h	0.07519	−0.053%	$237K	$129K	20x
Bitget HYPERUSDTlong	+0.0100%	4h	0.07523	long leg	$313K	$283K	50x
Variational Omni HYPER	+0.0100%	4h	0.07527	+0.059%	$6K	$1K	—	as long as short
BloFin HYPER-USDT	+0.0124%	4h	0.07529	+0.080%	$195K	$21K	50x	as long as short