Funding arb · Price arb /

HYPER

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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 −0.017%

Price spread now: Gate against MEXC−0.173%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.173% cheaper against MEXC than usual: you would sell low and buy high, −$17 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC HYPER_USDT	0.07493	0.0100	pay 0.0050% / 4h	56m 09s	$260K	$130K	20x
Short	Gate HYPER_USDT	0.07480	0.0100	get 0.0050% / 4h	56m 09s	$91K	$46K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee MEXCbpFee GatebpOrdersPrice spread, now −0.173%Rate

Funding earned: $0
Price spread: −0.173% → 0.000%: −$17.35
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.35
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; Gate: no order-book sample. Net counts fees only.

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 MEXC live order book, 3 min ago	1.34 bp	10.5 bp −$10	61.4 bp −$614	221.6 bp −$22.2K	483.7 bp −$241.9K
Sell Gate no order-book sample	—	—	—	—	—

Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0060%	4h	0.07478	−0.200%	$128K	$94K	30x	as long as short
BloFin HYPER-USDT	+0.0077%	4h	0.07479	−0.187%	$190K	$22K	50x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07485	−0.111%	$72K	$120K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07499	+0.077%	$20K	$4K	5x	as long as short
Binance HYPERUSDT	+0.0100%	4h	0.07492	−0.010%	$2.0M	$2.1M	50x	as long as short
Bybit HYPERUSDT	+0.0100%	4h	0.07499	+0.080%	$1.2M	$701K	25x	as long as short
Gate HYPER_USDTshort	+0.0100%	4h	0.07480	−0.173%	$91K	$46K	50x
MEXC HYPER_USDTlong	+0.0100%	4h	0.07493	long leg	$260K	$130K	20x
Bitget HYPERUSDT	+0.0100%	4h	0.07499	+0.080%	$313K	$261K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07464	−0.387%	$7K	$1K	—	as long as short