Funding arb · Price arb /

HYPER

all HYPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance+0.053%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$680.681% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.053%, 7d avg −0.003%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.056% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HYPERUSDT	0.07543	0.0100	pay 0.0050% / 4h	3h 11m	$2.0M	$2.2M	50x
Short	MEXC HYPER_USDT	0.07547	0.0100	get 0.0050% / 4h	3h 11m	$250K	$134K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → −0.003%: $5.57
Slippage, 4 orders: −$54.13
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$62.56
Costs to cover: 0.681%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; MEXC: live order book, 43 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 Binance live order book, 8 min ago	0.66 bp	28.4 bp −$28	102.5 bp −$1,025	doesn't fit	doesn't fit
Sell MEXC live order book, 43 min ago	2.00 bp	11.0 bp −$11	71.1 bp −$711	246.3 bp −$24.6K	555.3 bp −$277.6K

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
KuCoin HYPERUSDTM	−0.0122%	4h	0.07534	−0.119%	$122K	$95K	30x	as long as short
BloFin HYPER-USDT	+0.0072%	4h	0.07554	+0.146%	$193K	$21K	50x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07545	+0.027%	$72K	$136K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07550	+0.087%	$21K	$4K	5x	as long as short
Binance HYPERUSDTlong	+0.0100%	4h	0.07543	long leg	$2.0M	$2.2M	50x
Bybit HYPERUSDT	+0.0100%	4h	0.07550	+0.093%	$1.2M	$758K	25x	as long as short
Gate HYPER_USDT	+0.0100%	4h	0.07540	−0.040%	$88K	$48K	50x	as long as short
MEXC HYPER_USDTshort	+0.0100%	4h	0.07547	+0.053%	$250K	$134K	20x
Bitget HYPERUSDT	+0.0100%	4h	0.07550	+0.093%	$318K	$273K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07565	+0.289%	$6K	$1K	—	as long as short