Funding you earn now, next payment 12:00 UTC−0.0292%/8h= −32.0% APRnext payment −$1.46 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against MEXC−0.053%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$760.764% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.053%, 7d avg +0.044%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.098% cheaper against MEXC than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.044%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.042% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC HYPER_USDT | 0.07503 | 0.0100 | pay 0.0050% / 4h | 3h 18m | $239K | $126K | 20x |
| Short | Bybit HYPERUSDT | 0.07499 | −0.0192 | pay 0.0096% / 4h | 3h 18m | $1.2M | $760K | 25x |
MEXC HYPER_USDT
Bybit HYPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against MEXC. 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
- −$61.29
- Price spread: −0.053% → +0.044%
- −$9.76
- Slippage, 4 orders
- −$61.39
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$147.44
- Costs to cover
- 0.764%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 61 min ago; Bybit: live order book, 2 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 MEXC live order book, 61 min ago | 0.67 bp | 8.8 bp −$9 | 52.6 bp −$526 | 207.6 bp −$20.8K | 543.9 bp −$271.9K |
| Sell Bybit live order book, 2 min ago | 4.01 bp | 26.0 bp −$26 | 190.4 bp −$1,904 | doesn't fit | doesn't fit |
HYPER on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPERUSDTshort | −0.0192% | 4h | 0.07499 | −0.053% | $1.2M | $760K | 25x | |
| BloFin HYPER-USDT | +0.0055% | 4h | 0.07482 | −0.280% | $192K | $14K | 50x | as long as short |
| Hyperliquid HYPER | +0.0100% | 1h | 0.07497 | −0.087% | $74K | $119K | 3x | as long as short |
| Aster HYPERUSDT | +0.0100% | 4h | 0.07496 | −0.100% | $20K | $4K | 5x | as long as short |
| Binance HYPERUSDT | +0.0100% | 4h | 0.07495 | −0.107% | $2.0M | $2.3M | 50x | as long as short |
| Gate HYPER_USDT | +0.0100% | 4h | 0.07470 | −0.440% | $90K | $34K | 50x | as long as short |
| MEXC HYPER_USDTlong | +0.0100% | 4h | 0.07503 | long leg | $239K | $126K | 20x | |
| KuCoin HYPERUSDTM | +0.0100% | 4h | 0.07478 | −0.333% | $97K | $87K | 30x | as long as short |
| Bitget HYPERUSDT | +0.0100% | 4h | 0.07501 | −0.027% | $310K | $266K | 50x | as long as short |
| Variational Omni HYPER | +0.0100% | 4h | 0.07480 | −0.301% | $6K | $1K | — | as long as short |
BloFin HYPER-USDT
Hyperliquid HYPER
Aster HYPERUSDT
Binance HYPERUSDT
Gate HYPER_USDT
KuCoin HYPERUSDTM
Bitget HYPERUSDT
Variational Omni HYPER