HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.013%

Price spread now: MEXC against Gate−0.002%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days+0.002%$0 · spread now −0.002%, 7d avg +0.021%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.023% cheaper against Gate than usual: you would sell low and buy high (spread −0.002% now, against its 7-day average of +0.021%). If the spread goes back, that is −$2 on $10k: about 7.6 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.070% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HYPE_USDT	94.002	0.0090	pay 0.0045% / 4h	22m 02s	$49.9M	$56.7M	75x
Short	MEXC HYPE_USDT	94.000	0.0100	get 0.0050% / 4h	22m 02s	$88.1M	$83.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now −0.002%Rate

Funding earned: $2.1
Price spread: −0.002% → +0.021%: −$2.28
Slippage, 4 orders: −$10.17
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$29.35
Costs to cover: 0.292%
Break-even: 104.8 days

Slippage from Gate: live order book, 2 min ago; MEXC: 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 Gate live order book, 2 min ago	0.27 bp	11.8 bp −$12	16.8 bp −$168	32.1 bp −$3,211	59.1 bp −$29.5K
Sell MEXC live order book, 2 min ago	0.05 bp	2.2 bp −$2	2.4 bp −$24	10.2 bp −$1,019	26.7 bp −$13.3K

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	−0.1728%	1h	93.996	−0.006%	$201K	$255K	7x	as long as short
Bluefin HYPE-PERP	−0.0414%	1h	93.999	−0.003%	$79K	$152K	20x	as long as short
Bullet HYPE-USD	−0.0237%	1h	94.031	+0.031%	$111K	$577K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0235%	1h	93.910	−0.098%	$711K	$1.2M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0131%	1h	94.156	+0.164%	$22K	$20K	10x	as long as short
01 Exchange HYPEUSD	−0.0120%	1h	94.055	+0.056%	$87K	$368K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.046	+0.047%	$3K	$331	25x	as long as short
Derive HYPE-PERP	−0.0080%	1h	93.964	−0.041%	$16.4M	$7.5M	10x	as long as short
Lighter HYPE	−0.0056%	1h	94.027	+0.027%	$16.3M	$64.4M	20x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.030	+0.030%	$1.0M	$3.6M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX HYPE-USDT	−0.0020%	4h	93.996	−0.006%	—	$52.9M	—	as long as short
Bybit HYPEUSDT	−0.0019%	8h	93.997	−0.005%	$316.0M	$289.2M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0009%	4h	93.999	−0.003%	$146K	$684K	20x	as long as short
Polymarket Perps HYPE-USD	−0.0006%	1h	94.064	+0.066%	$496K	$2.8M	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.136	+0.143%	$129K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.146	+0.153%	$1.8M	$5.6M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.232	+0.245%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.049	+0.050%	$19K	$288K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.076	+0.078%	$123K	—	150x	as long as short
Paradex HYPE-USD-PERP	+0.0031%	8h	94.104	+0.108%	$336K	$154K	20x	as long as short
Bitget HYPEUSDT	+0.0032%	4h	93.992	−0.011%	$225.8M	$100.0M	75x	as long as short
SoDEX HYPE-USD	+0.0037%	1h	94.015	+0.014%	$2.0M	$1.9M	10x	as long as short
Vest HYPE-PERP	+0.0040%	1h	94.105	+0.109%	—	$190K	5x	as long as short
Phemex HYPEUSDT	+0.0049%	8h	94.014	+0.013%	$12.8M	$2.9M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.120	+0.126%	$4.7M	$6.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0066%	8h	93.989	−0.014%	$117.2M	$322.9M	50x	as long as short
Gate HYPE_USDTlong	+0.0090%	4h	94.002	long leg	$49.9M	$56.7M	75x
edgeX HYPEUSDC	+0.0090%	4h	94.094	+0.098%	$5.0M	$30.7M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.033	+0.033%	$3.2M	$10.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.035	+0.035%	$81K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.030	+0.030%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.035	+0.035%	$7.2M	$53.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.104	+0.109%	$2.07B	$687.5M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.021	+0.020%	$8.8M	$37.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.112	+0.117%	$10.1M	$15.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.002	0.000%	$376.5M	$933.6M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.240	+0.253%	$218K	$12K	10x	as long as short
MEXC HYPE_USDTshort	+0.0100%	4h	94.000	−0.002%	$88.1M	$83.8M	100x
KuCoin HYPEUSDTM	+0.0100%	4h	94.022	+0.021%	$46.7M	$18.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.988	−0.015%	$7.5M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.108	+0.112%	$29.5M	$54.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.122	+0.128%	$7.6M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.083	+0.086%	$369K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.060	+0.062%	$680K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.069	+0.071%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.180	+0.189%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.971	−0.033%	$18.3M	$43.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.027	+0.026%	$397K	$154K	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0143%	1h	94.124	+0.130%	$7.4M	$4.3M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0150% / S +0.0022%	1h	94.084	+0.087%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0185%	1h	94.740	+0.785%	$31K	$340K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0224%	1h	94.085	+0.088%	$20.2M	$30.2M	50x	as long as short
RISEx HYPE/USDC	+0.0249%	1h	94.064	+0.066%	$3.2M	$6.4M	20x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.011	+0.010%	$84K	$123K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.044	+0.045%	$17.1M	$12.3M	75x	as long as short