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

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.067%
Price spread now: BloFin against MEXC+0.040%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs+$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$170.172% of the position
Long on MEXCShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.475%+$48 on $10k
Price spread, last 4 days (all we have)−0.290%−$29 · spread now +0.040%, 7d avg −0.002%
Together, before fees+0.185%+$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.042% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC HYPE_USDT93.3020.0100pay 0.0050% / 4h1h 29m$89.7M$80.8M100x
ShortBloFin HYPE-USDT93.3390.0340get 0.0170% / 4h1h 29m$16.9M$11.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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
$50.4
Price spread: +0.040% → −0.002%
$4.17
Slippage, 4 orders
−$1.16
Fee MEXC: 2 bp × 2 orders
−$4
Fee BloFin: 6 bp × 2 orders
−$12
Net
$37.41
Costs to cover
0.172%
Break-even
1.8 days
Slippage from MEXC: live order book, 5 min ago; BloFin: live order book, 5 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 MEXC live order book, 5 min ago0.05 bp2.1 bp −$23.9 bp −$3912.6 bp −$1,26038.1 bp −$19.1K
Sell BloFin live order book, 5 min ago0.11 bp6.4 bp −$69.0 bp −$9016.6 bp −$1,657doesn't fit

HYPE on 55 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
Hibachi HYPE/USDT-P−0.1296%1h93.492+0.204%$198K$227K7xas long as short
Arcus HYPE-USD−0.0899%1h93.259−0.046%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0102%1h93.320+0.019%$699K$996K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.383+0.087%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0056%1h93.372+0.075%$85K$343K20xas long as short
Phemex HYPEUSDT−0.0051%8h93.315+0.014%$12.6M$2.7M50xas long as short
Aftermath Perps HYPEUSD−0.0047%1h93.448+0.157%$22K$21K10xas long as short
Orderly PERP_HYPE_USDC−0.0043%4h93.327+0.027%$153K$652K20xas long as short
Bullet HYPE-USD−0.0007%1h93.331+0.031%$111K$578K20xas long as short
dYdX HYPE-USD0.0000%1h93.408+0.113%$128K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.357+0.059%$23K$319K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.347+0.048%$62K—150xas long as short
BingX HYPE-USDT+0.0024%4h93.301−0.001%—$53.0M—as long as short
Phoenix HYPE+0.0026%1h93.609+0.329%$213K$1.2M10xas long as short
Aster HYPEUSDT+0.0030%4h93.346+0.047%$8.8M$35.5M300xas long as short
Bybit HYPEUSDT+0.0039%8h93.280−0.024%$320.8M$276.9M75xas long as short
Gate HYPE_USDT+0.0058%4h93.301−0.001%$44.6M$55.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0075%8h93.264−0.041%$114.0M$301.5M50xas long as short
Derive HYPE-PERP+0.0083%1h93.301−0.001%$16.2M$7.5M10xas long as short
Lighter HYPE+0.0096%1h93.322+0.022%$16.2M$61.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.327+0.027%$3.1M$11.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.375+0.078%$69K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.418+0.124%$339K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.400+0.105%$17K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.400+0.104%$5.8M$43.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.364+0.066%$2.04B$654.7M10xas long as short
Pacifica HYPE+0.0100%1h93.399+0.104%$10.0M$14.7M20xas long as short
Binance HYPEUSDT+0.0100%4h93.277−0.027%$378.4M$876.4M75xas long as short
Bulk HYPE-USD+0.0100%1h93.364+0.067%$203K$10K10xas long as short
MEXC HYPE_USDTlong+0.0100%4h93.302long leg$89.7M$80.8M100x
KuCoin HYPEUSDTM+0.0100%4h93.341+0.042%$46.0M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.300−0.002%$225.6M$96.6M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.273−0.031%$7.4M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.546+0.261%$31.2M$53.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.614+0.335%$7.6M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.581+0.299%$340K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.565+0.282%$668K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.428+0.135%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.389+0.093%$471K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.296+1.065%$80K$170K20xas long as short
SunX HYPE-USDT+0.0100%4h93.436+0.144%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.313+0.012%$2.0M$1.9M10xas long as short
edgeX HYPEUSDC+0.0102%4h93.459+0.168%$5.1M$29.7M30xas long as short
Extended HYPE-USD+0.0104%1h93.286−0.017%$18.4M$43.7M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.321+0.021%$397K$162K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.390+0.094%$4.8M$5.5M50xas long as short
HTX HYPE-USDT+0.0180%4h93.500+0.212%$1.4M$6.0M75xas long as short
Reya HYPERUSDPERP+0.0258%1h93.333+0.033%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0280%8h93.416+0.122%$1.9M$5.0M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.358+0.060%$1.4M—100xas long as short
BloFin HYPE-USDTshort+0.0340%4h93.339+0.040%$16.9M$11.6M75x
Deribit HYPE_USDC-PERPETUAL+0.0361%1h93.402+0.107%$7.4M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.464+0.174%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.280−0.024%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0685%1h93.373+0.076%$20.7M$29.8M50xas long as short