HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.26 per $10,000 · paid last 24h +0.004%

Price spread now: MEXC against BingX+0.028%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$150.147% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.028%, 7d avg +0.015%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX HYPE-USDT	94.142	0.0100	pay 0.0050% / 4h	3h 28m	—	$54.0M	—
Short	MEXC HYPE_USDT	94.168	0.0048	get 0.0024% / 4h	3h 28m	$89.3M	$82.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$10.92
Price spread: +0.028% → +0.015%: $1.24
Slippage, 4 orders: −$0.65
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$24.34
Costs to cover: 0.147%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; MEXC: live order book, 6 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 BingX live order book, 11 min ago	0.11 bp	5.4 bp −$5	5.9 bp −$59	6.7 bp −$666	12.4 bp −$6,216
Sell MEXC live order book, 6 min ago	0.05 bp	2.1 bp −$2	3.2 bp −$32	12.6 bp −$1,256	35.4 bp −$17.7K

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	−0.1384%	1h	93.990	−0.162%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	94.084	−0.062%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0228%	1h	94.132	−0.011%	$22K	$21K	10x	as long as short
dYdX HYPE-USD	−0.0143%	1h	94.131	−0.011%	$129K	$31K	5x	as long as short
Ondo Perps HYPE-USD.P	−0.0142%	1h	93.950	−0.204%	$706K	$956K	10x	as long as short
Bullet HYPE-USD	−0.0100%	1h	94.166	+0.026%	$113K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.137	−0.005%	$86K	$359K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.164	+0.023%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0066%	8h	94.052	−0.096%	$12.8M	$2.6M	50x	as long as short
Bybit HYPEUSDT	−0.0019%	8h	94.143	+0.001%	$323.3M	$280.6M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0018%	4h	94.126	−0.017%	$160K	$645K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.187	+0.047%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.174	+0.034%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0017%	4h	94.173	+0.033%	$8.9M	$36.1M	300x	as long as short
Gate HYPE_USDT	+0.0018%	4h	94.148	+0.006%	$44.5M	$59.7M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	94.121	−0.022%	$219K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0040%	1h	94.109	−0.035%	$16.5M	$7.3M	10x	as long as short
Binance HYPEUSDT	+0.0048%	4h	94.180	+0.040%	$384.1M	$893.3M	75x	as long as short
MEXC HYPE_USDTshort	+0.0048%	4h	94.168	+0.028%	$89.3M	$82.7M	100x
edgeX HYPEUSDC	+0.0068%	4h	94.068	−0.079%	$5.1M	$30.0M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0078%	8h	94.145	+0.003%	$116.0M	$318.7M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.218	+0.081%	$19.3M	$59.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.203	+0.065%	$3.0M	$12.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.132	−0.011%	$66K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.134	−0.008%	$400K	$180K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.241	+0.105%	$342K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.110	−0.034%	$26K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.177	+0.037%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.251	+0.116%	$2.05B	$677.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.190	+0.051%	$10.2M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.171	+0.031%	$46.6M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.163	+0.022%	$228.3M	$100.9M	75x	as long as short
BingX HYPE-USDTlong	+0.0100%	4h	94.142	long leg	—	$54.0M	—
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.067	−0.080%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.030	−0.119%	$31.5M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.088	−0.057%	$7.6M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.209	+0.071%	$341K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.984	−0.168%	$680K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.159	+0.018%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.187	+0.048%	$481K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.151	+0.010%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.206	+0.068%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.153	+0.012%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.151	+0.009%	$205K	$2K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.132	−0.010%	$18.8M	$44.5M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.030	−0.119%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0192%	4h	94.018	−0.132%	$17.0M	$12.2M	75x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.490	+0.370%	$31K	$338K	12x	as long as short
Kalshi KXHYPEPERP	+0.0222%	8h	94.094	−0.051%	$1.9M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.187	+0.047%	$2.8M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0251%	1h	94.165	+0.024%	$79K	$142K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0334% / S −0.0155%	1h	94.194	+0.055%	$1.4M	—	100x	as long as short
HTX HYPE-USDT	+0.0416%	4h	94.233	+0.097%	$1.5M	$6.3M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0419%	1h	94.253	+0.118%	$7.5M	$4.7M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0670%	1h	94.248	+0.112%	$21.0M	$29.7M	50x	as long as short