HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.10 per $10,000 · paid last 24h −0.002%

Price spread now: MEXC against edgeX−0.316%68s7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$140.138% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.334%+$33 · spread now −0.316%, 7d avg +0.039%

Together, before fees+0.315%+ Points / potential airdropedgeX: Active · farm board+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.355% cheaper against edgeX than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of +0.039%). Swap the legs. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX HYPEUSDC	93.123	0.0114	pay 0.0057% / 4h	1h 06m	$5.0M	$28.9M	30x
Short	MEXC HYPE_USDT	92.829	0.0094	get 0.0047% / 4h	1h 06m	$88.9M	$81.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against edgeX. 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 edgeXbpFee MEXCbpOrdersPrice spread, now −0.316%Rate

Funding earned: −$4.15
Price spread: −0.316% → +0.039%: −$35.51
Slippage, 4 orders: −$0.77
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$53.43
Costs to cover: 0.138%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; MEXC: live order book, 3 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 edgeX live order book, 3 min ago	0.32 bp	4.8 bp −$5	5.1 bp −$51	130.2 bp −$13.0K	doesn't fit
Sell MEXC live order book, 3 min ago	0.05 bp	2.1 bp −$2	5.5 bp −$55	12.2 bp −$1,224	30.2 bp −$15.1K

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
Hibachi HYPE/USDT-P	−0.0928%	1h	92.977	−0.157%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	92.764	−0.386%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0134%	1h	92.830	−0.315%	$698K	$1.0M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.889	−0.251%	$3K	$331	25x	as long as short
Aftermath Perps HYPEUSD	−0.0080%	1h	93.147	+0.026%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	92.798	−0.349%	$86K	$346K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0052%	4h	92.823	−0.322%	$154K	$655K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.900	−0.239%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.862	−0.280%	$23K	$316K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.868	−0.274%	$62K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet HYPE-USD	+0.0004%	1h	92.820	−0.325%	$111K	$579K	20x	as long as short
Aster HYPEUSDT	+0.0011%	4h	92.834	−0.310%	$8.8M	$35.9M	300x	as long as short
Phemex HYPEUSDT	+0.0018%	8h	92.888	−0.252%	$12.5M	$2.7M	50x	as long as short
Phoenix HYPE	+0.0026%	1h	93.210	+0.093%	$213K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0038%	4h	92.824	−0.321%	—	$53.0M	—	as long as short
Gate HYPE_USDT	+0.0042%	4h	92.820	−0.325%	$44.4M	$55.6M	75x	as long as short
Bybit HYPEUSDT	+0.0046%	8h	92.830	−0.315%	$319.2M	$276.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0072%	8h	92.811	−0.335%	$113.2M	$298.1M	50x	as long as short
Derive HYPE-PERP	+0.0087%	1h	92.806	−0.341%	$16.1M	$7.5M	10x	as long as short
Binance HYPEUSDT	+0.0091%	4h	92.824	−0.321%	$375.5M	$880.4M	75x	as long as short
MEXC HYPE_USDTshort	+0.0094%	4h	92.829	−0.316%	$88.9M	$81.4M	100x
Paradex HYPE-USD-PERP	+0.0096%	8h	92.913	−0.226%	$339K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.861	−0.282%	$16.1M	$62.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.852	−0.291%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.824	−0.321%	$67K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	92.860	−0.283%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.856	−0.287%	$5.8M	$43.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.918	−0.220%	$2.03B	$654.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.898	−0.242%	$10.0M	$14.8M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.856	−0.287%	$45.7M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.814	−0.332%	$224.4M	$96.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.959	−0.176%	$7.4M	$10.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.197	+0.079%	$31.4M	$53.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.172	+0.053%	$7.5M	$46.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.081	−0.045%	$338K	$998K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.040	−0.089%	$665K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.930	−0.207%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.887	−0.254%	$469K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.802	−0.345%	$79K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.852	−0.291%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.825	−0.320%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.155	+0.034%	$203K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.789	−0.358%	$18.3M	$42.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.816	−0.329%	$395K	$162K	20x	as long as short
edgeX HYPEUSDClong	+0.0114%	4h	93.123	long leg	$5.0M	$28.9M	30x
HTX HYPE-USDT	+0.0115%	4h	92.965	−0.170%	$1.4M	$6.1M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	92.850	−0.293%	$4.8M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0259%	1h	92.826	−0.319%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0269%	8h	92.920	−0.218%	$1.9M	$5.2M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0156%	1h	92.855	−0.288%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0331%	1h	92.928	−0.210%	$7.4M	$4.4M	50x	as long as short
BloFin HYPE-USDT	+0.0335%	4h	92.971	−0.163%	$16.9M	$11.5M	75x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	92.930	−0.208%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.390	+0.287%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0689%	1h	92.914	−0.225%	$20.6M	$29.9M	50x	as long as short