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

HYPER

all HYPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.001%
Price spread now: Bitget against BloFin+0.106%115s7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1011.009% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)−0.047%−$5 · spread now +0.106%, 7d avg +0.087%
Together, before fees−0.047%−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.087%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin HYPER-USDT0.075540.0058pay 0.0029% / 4h3h 13m$193K$21K50x
ShortBitget HYPERUSDT0.075620.0100get 0.0050% / 4h3h 13m$319K$273K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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
$8.9
Price spread: +0.106% → +0.087%
$1.9
Slippage, 4 orders
−$76.91
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$90.11
Costs to cover
1.009%
Break-even
77.9 days
Slippage from BloFin: live order book, 51 min ago; Bitget: live order book, 52 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 BloFin live order book, 51 min ago1.99 bp23.1 bp −$2351.9 bp −$519doesn't fitdoesn't fit
Sell Bitget live order book, 52 min ago3.31 bp32.4 bp −$32128.2 bp −$1,282doesn't fitdoesn't fit

HYPER on 10 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
KuCoin HYPERUSDTM−0.0126%4h0.07538−0.212%$122K$95K30xas long as short
BloFin HYPER-USDTlong+0.0058%4h0.07554long leg$193K$21K50x
Hyperliquid HYPER+0.0100%1h0.07558+0.046%$72K$136K3xas long as short
Aster HYPERUSDT+0.0100%4h0.07566+0.162%$21K$4K5xas long as short
Binance HYPERUSDT+0.0100%4h0.07555+0.013%$2.1M$2.2M50xas long as short
Bybit HYPERUSDT+0.0100%4h0.07561+0.093%$1.2M$756K25xas long as short
Gate HYPER_USDT+0.0100%4h0.07560+0.079%$88K$48K50xas long as short
MEXC HYPER_USDT+0.0100%4h0.07556+0.026%$251K$134K20xas long as short
Bitget HYPERUSDTshort+0.0100%4h0.07562+0.106%$319K$273K50x
Variational Omni HYPER+0.0100%4h0.07565+0.143%$6K$1Kas long as short