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: Bybit against MEXC+0.013%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$760.759% of the position

Long on MEXC Short on Bybit

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)−0.013%−$1 · spread now +0.013%, 7d avg +0.047%

Together, before fees−0.071%−$7 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: Bybit is 0.034% cheaper against MEXC than usual: you would sell low and buy high, −$3 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	MEXC HYPER_USDT	0.07590	0.0100	pay 0.0050% / 4h	1h 18m	$239K	$131K	20x
Short	Bybit HYPERUSDT	0.07591	0.0100	get 0.0050% / 4h	1h 18m	$1.2M	$830K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.047%: −$3.36
Slippage, 4 orders: −$60.93
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$79.29
Costs to cover: 0.759%
Break-even: never at this rate

Slippage from MEXC: live order book, 26 min ago; Bybit: live order book, 2 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, 26 min ago	1.99 bp	10.5 bp −$11	64.5 bp −$645	231.8 bp −$23.2K	518.8 bp −$259.4K
Sell Bybit live order book, 2 min ago	4.61 bp	27.9 bp −$28	264.9 bp −$2,649	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	−0.0124%	4h	0.07585	−0.066%	$107K	$99K	30x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07592	+0.029%	$72K	$133K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07592	+0.027%	$21K	$4K	5x	as long as short
Binance HYPERUSDT	+0.0100%	4h	0.07591	+0.012%	$2.1M	$2.2M	50x	as long as short
Bybit HYPERUSDTshort	+0.0100%	4h	0.07591	+0.013%	$1.2M	$830K	25x
Gate HYPER_USDT	+0.0100%	4h	0.07580	−0.132%	$88K	$48K	50x	as long as short
MEXC HYPER_USDTlong	+0.0100%	4h	0.07590	long leg	$239K	$131K	20x
Bitget HYPERUSDT	+0.0100%	4h	0.07594	+0.053%	$316K	$283K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07600	+0.133%	$6K	$1K	—	as long as short
BloFin HYPER-USDT	+0.0150%	4h	0.07588	−0.026%	$194K	$21K	50x	as long as short