Funding arb · Price arb /

HYPER

all HYPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bitget−0.027%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$760.757% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.027%, 7d avg −0.076%

Together, before fees+0.047%+$5 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 0.050% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HYPERUSDT	0.07521	0.0100	pay 0.0050% / 4h	3h 11m	$320K	$272K	50x
Short	MEXC HYPER_USDT	0.07519	0.0100	get 0.0050% / 4h	3h 11m	$238K	$130K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → −0.076%: $4.98
Slippage, 4 orders: −$59.73
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$70.75
Costs to cover: 0.757%
Break-even: never at this rate

Slippage from Bitget: live order book, 33 min ago; MEXC: live order book, 23 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, 33 min ago	6.62 bp	28.1 bp −$28	155.6 bp −$1,556	doesn't fit	doesn't fit
Sell MEXC live order book, 23 min ago	1.33 bp	9.7 bp −$10	61.5 bp −$615	230.8 bp −$23.1K	441.0 bp −$220.5K

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
BloFin HYPER-USDT	+0.0044%	4h	0.07516	−0.066%	$190K	$24K	50x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07519	−0.023%	$74K	$133K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07521	−0.002%	$20K	$4K	5x	as long as short
Binance HYPERUSDT	+0.0100%	4h	0.07519	−0.021%	$2.0M	$2.3M	50x	as long as short
Bybit HYPERUSDT	+0.0100%	4h	0.07519	−0.027%	$1.2M	$784K	25x	as long as short
Gate HYPER_USDT	+0.0100%	4h	0.07510	−0.146%	$91K	$44K	50x	as long as short
MEXC HYPER_USDTshort	+0.0100%	4h	0.07519	−0.027%	$238K	$130K	20x
KuCoin HYPERUSDTM	+0.0100%	4h	0.07521	0.000%	$112K	$82K	30x	as long as short
Bitget HYPERUSDTlong	+0.0100%	4h	0.07521	long leg	$320K	$272K	50x
Variational Omni HYPER	+0.0100%	4h	0.07522	+0.009%	$6K	$1K	—	as long as short