Funding arb · Price arb /

HYPER

all HYPER markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Binance against Bitget−0.014%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1031.034% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.014%, 7d avg −0.079%

Together, before fees+0.009%+$1 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: Binance is 0.065% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HYPERUSDT	0.07421	0.0100	pay 0.0050% / 4h	2h 40m	$310K	$262K	50x
Short	Binance HYPERUSDT	0.07420	0.0100	get 0.0050% / 4h	2h 40m	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.079%: $6.51
Slippage, 4 orders: −$81.43
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$96.92
Costs to cover: 1.034%
Break-even: never at this rate

Slippage from Bitget: live order book, 43 min ago; Binance: live order book, 9 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 Bitget live order book, 43 min ago	4.71 bp	21.7 bp −$22	74.1 bp −$741	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.67 bp	24.0 bp −$24	115.8 bp −$1,158	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
Gate HYPER_USDT	−0.0334%	4h	0.07420	−0.013%	$90K	$46K	50x	as long as short
KuCoin HYPERUSDTM	−0.0060%	4h	0.07413	−0.108%	$131K	$93K	30x	as long as short
BloFin HYPER-USDT	+0.0098%	4h	0.07409	−0.162%	$190K	$22K	50x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07425	+0.053%	$72K	$122K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07421	+0.002%	$20K	$4K	5x	as long as short
Binance HYPERUSDTshort	+0.0100%	4h	0.07420	−0.014%	$2.0M	$2.1M	50x
Bybit HYPERUSDT	+0.0100%	4h	0.07418	−0.040%	$1.2M	$705K	25x	as long as short
MEXC HYPER_USDT	+0.0100%	4h	0.07420	−0.013%	$258K	$130K	20x	as long as short
Bitget HYPERUSDTlong	+0.0100%	4h	0.07421	long leg	$310K	$262K	50x
Variational Omni HYPER	+0.0100%	4h	0.07417	−0.053%	$7K	$1K	—	as long as short