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 MEXC−0.054%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on MEXC Short on Binance

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: Binance is 0.056% cheaper against MEXC than usual: you would sell low and buy high, −$6 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	MEXC HYPER_USDT	0.07472	0.0100	pay 0.0050% / 4h	2h 56m	$248K	$131K	20x
Short	Binance HYPERUSDT	0.07468	0.0100	get 0.0050% / 4h	2h 56m	$2.0M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.054%Rate

Funding earned: $0
Price spread: −0.054% → +0.003%: −$5.62
Slippage, 4 orders: −$53.09
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$72.71
Costs to cover: 0.671%
Break-even: never at this rate

Slippage from MEXC: live order book, 58 min ago; Binance: live order book, 8 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 MEXC live order book, 58 min ago	2.00 bp	12.3 bp −$12	77.2 bp −$772	246.0 bp −$24.6K	551.3 bp −$275.6K
Sell Binance live order book, 8 min ago	0.66 bp	21.8 bp −$22	107.7 bp −$1,077	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	−0.0178%	4h	0.07478	+0.080%	$121K	$96K	30x	as long as short
BloFin HYPER-USDT	+0.0079%	4h	0.07490	+0.241%	$192K	$20K	50x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07467	−0.071%	$72K	$136K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07483	+0.150%	$20K	$4K	5x	as long as short
Binance HYPERUSDTshort	+0.0100%	4h	0.07468	−0.054%	$2.0M	$2.2M	50x
Bybit HYPERUSDT	+0.0100%	4h	0.07467	−0.067%	$1.2M	$776K	25x	as long as short
Gate HYPER_USDT	+0.0100%	4h	0.07490	+0.241%	$87K	$48K	50x	as long as short
MEXC HYPER_USDTlong	+0.0100%	4h	0.07472	long leg	$248K	$131K	20x
Bitget HYPERUSDT	+0.0100%	4h	0.07473	+0.013%	$315K	$273K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07506	+0.458%	$6K	$1K	—	as long as short