Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.008%
Price spread now: MEXC against Lighter RH−0.018%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$100.100% of the position
Long on Lighter RHShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days+0.047%+$5 on $10k
Price spread, last 7 days+0.019%+$2 · spread now −0.018%, 7d avg +0.010%
Together, before fees+0.066%+ Points / potential airdropLighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.028% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH HYPE93.2650.0096pay 0.0012% / 1h38m 53s$3.1M$11.9M20x
ShortMEXC HYPE_USDT93.2480.0040get 0.0020% / 4h2h 38m$87.6M$82.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Lighter RH. 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

Funding earned
−$11.76
Price spread: −0.018% → +0.010%
−$2.81
Slippage, 4 orders
−$6.03
Fee Lighter RH: 0 bp × 2 orders
$0
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$24.6
Costs to cover
0.100%
Break-even
never at this rate
Slippage from Lighter RH: live order book, 5 min ago; MEXC: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 5 min ago1.18 bp3.6 bp −$45.5 bp −$5531.4 bp −$3,142doesn't fit
Sell MEXC live order book, 5 min ago0.05 bp2.6 bp −$37.1 bp −$7114.9 bp −$1,49040.8 bp −$20.4K

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.0944%1h92.980−0.306%$196K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h92.992−0.293%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0167%1h93.221−0.047%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0152%1h93.080−0.198%$696K$981K10xas long as short
Gate HYPE_USDT−0.0096%4h93.225−0.043%$44.2M$54.3M75xas long as short
Backpack HYPE_USDC_PERP−0.0090%1h93.247−0.019%$7.8M$10.4M20xas long as short
01 Exchange HYPEUSD−0.0080%1h93.153−0.120%$84K$357K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.062−0.218%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0057%4h93.228−0.040%$156K$652K20xas long as short
Aster HYPEUSDT−0.0042%4h93.223−0.045%$8.8M$36.3M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin HYPE-PERP−0.0028%1h93.257−0.009%$79K$174K20xas long as short
Phemex HYPEUSDT−0.0025%8h93.199−0.071%$12.6M$2.7M50xas long as short
dYdX HYPE-USD0.0000%1h93.089−0.189%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.255−0.011%$22K$333K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.286+0.023%$25K—150xas long as short
Bybit HYPEUSDT+0.0003%8h93.217−0.051%$320.6M$286.1M75xas long as short
BingX HYPE-USDT+0.0006%4h93.231−0.036%—$54.3M—as long as short
Bullet HYPE-USD+0.0030%1h93.263−0.002%$111K$579K20xas long as short
MEXC HYPE_USDTshort+0.0040%4h93.248−0.018%$87.6M$82.5M100x
Binance HYPEUSDT+0.0040%4h93.254−0.012%$379.3M$907.0M75xas long as short
edgeX HYPEUSDC+0.0056%4h93.325+0.064%$5.1M$29.8M30xas long as short
Phoenix HYPE+0.0060%1h93.233−0.034%$212K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0067%8h93.239−0.028%$114.7M$315.3M50xas long as short
Derive HYPE-PERP+0.0067%1h93.215−0.054%$16.2M$7.6M10xas long as short
Aevo HYPE-PERP+0.0088%1h93.277+0.013%$397K$177K20xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.239−0.028%$339K$165K20xas long as short
Lighter HYPE+0.0096%1h93.251−0.015%$16.4M$62.3M20xas long as short
Lighter RH HYPElong+0.0096%1h93.265long leg$3.1M$11.9M20x
Popdex HYPEUSDT+0.0096%1h93.152−0.121%$65K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.020−0.263%$18K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.215−0.054%$5.6M$45.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.316+0.055%$2.04B$668.3M10xas long as short
Pacifica HYPE+0.0100%1h93.157−0.115%$10.0M$14.8M20xas long as short
Bulk HYPE-USD+0.0100%1h93.404+0.149%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.288+0.025%$46.0M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.233−0.034%$225.6M$100.8M75xas long as short
Variational Omni HYPE+0.0100%8h93.151−0.123%$30.9M$55.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.195−0.075%$7.5M$48.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.355+0.096%$337K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.050−0.231%$664K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.242−0.025%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.208−0.061%$466K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.322+0.061%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.260−0.005%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h93.205−0.064%$18.3M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.310+0.048%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.050−0.231%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0175%4h93.407+0.152%$17.0M$12.1M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.162−0.110%$2.7M$6.7M20xas long as short
HTX HYPE-USDT+0.0237%4h93.400+0.145%$1.4M$6.1M75xas long as short
Reya HYPERUSDPERP+0.0254%1h93.254−0.012%$79K$142K15xas long as short
Kalshi KXHYPEPERP+0.0260%8h93.286+0.023%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0158%1h93.279+0.015%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0672%1h93.369+0.112%$7.4M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0683%1h93.363+0.105%$20.8M$30.2M50xas long as short