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 Bybit+0.013%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$830.832% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.013%, 7d avg −0.047%

Together, before fees+0.038%+$4 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 0.060% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HYPERUSDT	0.07541	0.0100	pay 0.0050% / 4h	3h 56m	$1.2M	$785K	25x
Short	MEXC HYPER_USDT	0.07542	0.0100	get 0.0050% / 4h	3h 56m	$239K	$128K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.047%: $5.98
Slippage, 4 orders: −$68.15
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$77.17
Costs to cover: 0.832%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 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 Bybit live order book, 5 min ago	3.98 bp	27.6 bp −$28	385.1 bp −$3,851	doesn't fit	doesn't fit
Sell MEXC live order book, 43 min ago	3.33 bp	12.0 bp −$12	67.6 bp −$676	211.3 bp −$21.1K	536.0 bp −$268.0K

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
Hyperliquid HYPER	+0.0100%	1h	0.07545	+0.049%	$71K	$130K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07544	+0.046%	$21K	$4K	5x	as long as short
Binance HYPERUSDT	+0.0100%	4h	0.07544	+0.039%	$2.1M	$2.2M	50x	as long as short
Bybit HYPERUSDTlong	+0.0100%	4h	0.07541	long leg	$1.2M	$785K	25x
Gate HYPER_USDT	+0.0100%	4h	0.07540	−0.013%	$87K	$40K	50x	as long as short
MEXC HYPER_USDTshort	+0.0100%	4h	0.07542	+0.013%	$239K	$128K	20x
KuCoin HYPERUSDTM	+0.0100%	4h	0.07532	−0.119%	$105K	$83K	30x	as long as short
Bitget HYPERUSDT	+0.0100%	4h	0.07542	+0.013%	$315K	$275K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07541	−0.004%	$6K	$1K	—	as long as short
BloFin HYPER-USDT	+0.0101%	4h	0.07549	+0.106%	$194K	$23K	50x	as long as short