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: MEXC against Binance−0.049%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$750.751% 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 4 days (all we have)+0.061%+$6 · spread now −0.049%, 7d avg −0.003%

Together, before fees+0.062%+$6 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: MEXC is 0.046% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HYPERUSDT	0.07585	0.0100	pay 0.0050% / 4h	2h 23m	$2.1M	$2.3M	50x
Short	MEXC HYPER_USDT	0.07581	0.0100	get 0.0050% / 4h	2h 23m	$248K	$133K	20x

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 −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.003%: −$4.61
Slippage, 4 orders: −$61.07
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$79.68
Costs to cover: 0.751%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; MEXC: live order book, 26 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, 11 min ago	1.32 bp	25.9 bp −$26	130.3 bp −$1,303	doesn't fit	doesn't fit
Sell MEXC live order book, 26 min ago	2.67 bp	11.8 bp −$12	66.3 bp −$663	236.9 bp −$23.7K	510.8 bp −$255.4K

HYPER on 9 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	−0.0270%	4h	0.07578	−0.089%	$108K	$104K	30x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07584	−0.010%	$73K	$138K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07591	+0.079%	$21K	$4K	5x	as long as short
Binance HYPERUSDTlong	+0.0100%	4h	0.07585	long leg	$2.1M	$2.3M	50x
Bybit HYPERUSDT	+0.0100%	4h	0.07583	−0.023%	$1.2M	$829K	25x	as long as short
Gate HYPER_USDT	+0.0100%	4h	0.07590	+0.070%	$88K	$49K	50x	as long as short
MEXC HYPER_USDTshort	+0.0100%	4h	0.07581	−0.049%	$248K	$133K	20x
Bitget HYPERUSDT	+0.0100%	4h	0.07583	−0.023%	$316K	$282K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07597	+0.158%	$6K	$1K	—	as long as short