Funding arb · Price arb /

HYPER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Hyperliquid0.000%7-day average −0.043% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now 0.000%, 7d avg −0.043%

Together, before fees+0.030%+ Points / potential airdropHyperliquid: Season 2 · farm board+$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 0.043% dearer against Hyperliquid than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid HYPER	0.07426	0.0100	pay 0.0013% / 1h	24m 53s	$71K	$120K	3x
Short	MEXC HYPER_USDT	0.07426	0.0100	get 0.0050% / 4h	1h 24m	$255K	$130K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Hyperliquid. 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

Position, each leg$Hold fordaysFee HyperliquidbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.043%: $4.33
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$8.67
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 44 min ago; MEXC: live order book, 48 min ago. Net counts fees only.

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 Hyperliquid live order book, 44 min ago	1.55 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 48 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
KuCoin HYPERUSDTM	−0.0142%	4h	0.07409	−0.229%	$127K	$93K	30x	as long as short
Gate HYPER_USDT	−0.0008%	4h	0.07420	−0.081%	$90K	$46K	50x	as long as short
BloFin HYPER-USDT	+0.0051%	4h	0.07417	−0.121%	$189K	$22K	50x	as long as short
Hyperliquid HYPERlong	+0.0100%	1h	0.07426	long leg	$71K	$120K	3x
Aster HYPERUSDT	+0.0100%	4h	0.07426	−0.001%	$20K	$4K	5x	as long as short
Binance HYPERUSDT	+0.0100%	4h	0.07427	+0.009%	$2.0M	$2.1M	50x	as long as short
Bybit HYPERUSDT	+0.0100%	4h	0.07426	0.000%	$1.2M	$699K	25x	as long as short
MEXC HYPER_USDTshort	+0.0100%	4h	0.07426	0.000%	$255K	$130K	20x
Bitget HYPERUSDT	+0.0100%	4h	0.07426	0.000%	$310K	$259K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07425	−0.019%	$7K	$1K	—	as long as short