Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.006%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$150.154% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.006%, 7d avg −0.002%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HYPEUSDT	94.057	0.0100	pay 0.0050% / 4h	1h 00m	$376.4M	$932.7M	75x
Short	MEXC HYPE_USDT	94.051	0.0100	get 0.0050% / 4h	1h 00m	$90.8M	$85.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.002%: −$0.48
Slippage, 4 orders: −$1.4
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$15.88
Costs to cover: 0.154%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; MEXC: live order book, 3 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 Binance live order book, 13 min ago	0.05 bp	5.1 bp −$5	6.6 bp −$66	15.9 bp −$1,585	doesn't fit
Sell MEXC live order book, 3 min ago	0.05 bp	2.1 bp −$2	3.5 bp −$35	12.3 bp −$1,226	36.8 bp −$18.4K

HYPE on 55 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
Hibachi HYPE/USDT-P	−0.1088%	1h	94.149	+0.098%	$201K	$235K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0164%	1h	94.256	+0.211%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0103%	1h	93.980	−0.082%	$709K	$1.2M	10x	as long as short
Bluefin HYPE-PERP	−0.0096%	1h	94.092	+0.037%	$80K	$155K	20x	as long as short
Bullet HYPE-USD	−0.0080%	1h	94.141	+0.089%	$111K	$578K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.214	+0.167%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	94.155	+0.104%	$87K	$366K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0008%	4h	94.109	+0.055%	$146K	$685K	20x	as long as short
Bybit HYPEUSDT	−0.0007%	8h	94.060	+0.003%	$316.9M	$289.5M	75x	as long as short
BingX HYPE-USDT	−0.0006%	4h	94.063	+0.006%	—	$53.5M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX HYPE-USD	0.0000%	1h	94.094	+0.040%	$129K	$26K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.188	+0.139%	$1.8M	$5.5M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.158	+0.108%	$19K	$287K	10x	as long as short
Derive HYPE-PERP	+0.0001%	1h	94.110	+0.056%	$16.4M	$7.5M	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.170	+0.120%	$117K	—	150x	as long as short
Phoenix HYPE	+0.0017%	1h	94.254	+0.209%	$206K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0044%	4h	94.058	+0.001%	$226.3M	$100.0M	75x	as long as short
Phemex HYPEUSDT	+0.0056%	8h	94.140	+0.088%	$12.8M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0059%	8h	94.094	+0.039%	$336K	$156K	20x	as long as short
edgeX HYPEUSDC	+0.0082%	4h	94.160	+0.109%	$5.0M	$30.8M	30x	as long as short
Arcus HYPE-USD	+0.0084%	1h	94.087	+0.032%	$1.0M	$3.5M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0091%	8h	94.079	+0.023%	$117.3M	$321.9M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.060	+0.003%	$16.2M	$64.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.072	+0.016%	$3.2M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.137	+0.085%	$79K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.200	+0.152%	$14K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.136	+0.085%	$7.3M	$50.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.175	+0.125%	$2.07B	$688.8M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.087	+0.031%	$8.8M	$37.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.106	+0.052%	$10.1M	$15.5M	20x	as long as short
Binance HYPEUSDTlong	+0.0100%	4h	94.057	long leg	$376.4M	$932.7M	75x
Bulk HYPE-USD	+0.0100%	1h	94.065	+0.009%	$217K	$12K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.112	+0.058%	$49.4M	$57.3M	75x	as long as short
MEXC HYPE_USDTshort	+0.0100%	4h	94.051	−0.006%	$90.8M	$85.6M	100x
KuCoin HYPEUSDTM	+0.0100%	4h	94.071	+0.015%	$46.8M	$18.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.070	+0.014%	$7.5M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.059	+0.002%	$29.1M	$55.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.203	+0.155%	$7.6M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.175	+0.125%	$347K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.233	+0.187%	$681K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.163	+0.113%	$495K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.221	+0.174%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.123	+0.070%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.300	+0.258%	$1.4M	$6.8M	75x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.224	+0.177%	—	$243K	5x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.089	+0.034%	$18.3M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.172	+0.122%	$398K	$159K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	94.230	+0.184%	$4.7M	$6.2M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0151% / S +0.0021%	1h	94.195	+0.147%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.550	+0.524%	$31K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0228%	1h	94.227	+0.181%	$7.4M	$4.3M	50x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.126	+0.073%	$82K	$134K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.122	+0.069%	$17.0M	$12.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0413%	1h	94.194	+0.145%	$20.2M	$30.3M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	94.162	+0.111%	$3.2M	$6.4M	20x	as long as short