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 Bybit−0.027%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$830.829% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.027%, 7d avg −0.047%

Together, before fees+0.028%+$3 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 0.021% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HYPERUSDT	0.07510	0.0100	pay 0.0050% / 4h	3h 44m	$1.2M	$736K	25x
Short	MEXC HYPER_USDT	0.07508	0.0100	get 0.0050% / 4h	3h 44m	$253K	$131K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → −0.047%: $2.08
Slippage, 4 orders: −$67.86
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$80.78
Costs to cover: 0.829%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 10 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 Bybit live order book, 1 min ago	3.99 bp	26.1 bp −$26	447.0 bp −$4,470	doesn't fit	doesn't fit
Sell MEXC live order book, 10 min ago	2.00 bp	11.0 bp −$11	71.1 bp −$711	246.3 bp −$24.6K	555.3 bp −$277.6K

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	−0.0198%	4h	0.07493	−0.226%	$121K	$95K	30x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07512	+0.025%	$83K	$129K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07508	−0.028%	$20K	$4K	5x	as long as short
Binance HYPERUSDT	+0.0100%	4h	0.07507	−0.039%	$2.0M	$2.2M	50x	as long as short
Bybit HYPERUSDTlong	+0.0100%	4h	0.07510	long leg	$1.2M	$736K	25x
Gate HYPER_USDT	+0.0100%	4h	0.07500	−0.133%	$87K	$48K	50x	as long as short
MEXC HYPER_USDTshort	+0.0100%	4h	0.07508	−0.027%	$253K	$131K	20x
Bitget HYPERUSDT	+0.0100%	4h	0.07506	−0.053%	$322K	$270K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07503	−0.095%	$6K	$1K	—	as long as short
BloFin HYPER-USDT	+0.0149%	4h	0.07502	−0.107%	$192K	$21K	50x	as long as short