Funding you earn now, next payment 23:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.006%
Price spread now: MEXC against Pacifica+0.118%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2as in the Price arb table
costs, in and out, $10k−$130.132% of the position
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 7 days−0.120%−$12 · spread now +0.118%, 7d avg +0.008%
=Together, before fees−0.040%+ Points / potential airdropPacifica: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.110% dearer against Pacifica than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of +0.008%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. Mind the row above: over the last 7 days funding on this pair paid +0.080%, 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 | Pacifica HYPE | 93.293 | 0.0100 | pay 0.0013% / 1h | 14m 07s | $10.0M | $14.4M | 20x |
| Short | MEXC HYPE_USDT | 93.403 | 0.0064 | get 0.0032% / 4h | 1h 14m | $90.3M | $82.3M | 100x |
Pacifica HYPE
MEXC HYPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$7.56
- Price spread: +0.118% → +0.008%
- $10.98
- Slippage, 4 orders
- −$1.16
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$9.74
- Costs to cover
- 0.132%
- Break-even
- never at this rate
Slippage from Pacifica: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Pacifica live order book, 5 min ago | 0.16 bp | 4.5 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.05 bp | 2.1 bp −$2 | 6.0 bp −$60 | 13.1 bp −$1,310 | 39.3 bp −$19.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0441% | 1h | 93.211 | −0.088% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0352% | 1h | 93.222 | −0.076% | $197K | $230K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.205 | −0.094% | $1.2M | $4.0M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0123% | 1h | 93.210 | −0.089% | $699K | $932K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.272 | −0.023% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0032% | 1h | 93.292 | −0.001% | $90K | $361K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.278 | −0.016% | $127K | $32K | 5x | as long as short |
| Popdex HYPEUSDT | 0.0000% | 1h | 93.260 | −0.035% | $58K | $1.2M | 50x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.251 | −0.044% | $23K | $330K | 10x | as long as short |
| Aster HYPEUSDT | +0.0001% | 4h | 93.346 | +0.057% | $8.9M | $35.8M | 300x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
dYdX HYPE-USD
Popdex HYPEUSDT
Perpl HYPE
Aster HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.336 | +0.046% | $27K | — | 150x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0020% | 4h | 93.329 | +0.039% | $172K | $517K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0023% | 8h | 93.373 | +0.086% | $323.5M | $285.5M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.249 | −0.047% | $214K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0035% | 1h | 93.304 | +0.012% | $112K | $578K | 20x | as long as short |
| Derive HYPE-PERP | +0.0047% | 1h | 93.269 | −0.026% | $16.3M | $7.0M | 10x | as long as short |
| Gate HYPE_USDT | +0.0064% | 4h | 93.393 | +0.107% | $44.0M | $58.7M | 75x | as long as short |
| MEXC HYPE_USDTshort | +0.0064% | 4h | 93.403 | +0.118% | $90.3M | $82.3M | 100x | |
| Binance HYPEUSDT | +0.0065% | 4h | 93.352 | +0.063% | $382.2M | $894.3M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0085% | 4h | 93.171 | −0.130% | $5.1M | $29.7M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.415 | +0.131% | $18.6M | $59.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.397 | +0.111% | $3.1M | $12.2M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.331 | +0.041% | $397K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.282 | −0.012% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.240 | −0.057% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.255 | −0.040% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.421 | +0.137% | $2.03B | $669.5M | 10x | as long as short |
| Pacifica HYPElong | +0.0100% | 1h | 93.293 | long leg | $10.0M | $14.4M | 20x | |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.386 | +0.100% | $114.3M | $314.2M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.232 | −0.065% | $204K | $8K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.352 | +0.063% | $47.0M | $18.7M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.405 | +0.120% | $226.6M | $103.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.396 | +0.110% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.400 | +0.115% | $7.9M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.203 | −0.096% | $29.0M | $50.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.199 | −0.101% | $7.5M | $46.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.153 | −0.150% | $414K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.206 | −0.093% | $674K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.284 | −0.009% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.293 | 0.000% | $493K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.336 | +0.046% | $76K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.353 | +0.064% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.354 | +0.065% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.331 | +0.041% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.302 | +0.010% | $18.2M | $41.8M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0117% | 8h | 93.425 | +0.141% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.410 | +0.125% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0231% | 4h | 93.500 | +0.222% | $1.5M | $7.7M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.140 | −0.164% | $30K | $338K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0247% | 1h | 93.257 | −0.038% | $77K | $159K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0260% | 4h | 93.211 | −0.088% | $16.8M | $12.4M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.325 | +0.034% | $2.7M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.313 | +0.021% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0435% | 1h | 93.459 | +0.178% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0465% | 1h | 93.493 | +0.215% | $20.9M | $29.0M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
Phoenix HYPE
Bullet HYPE-USD
Derive HYPE-PERP
Gate HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Extended HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
BloFin HYPE-USDT
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD