Settings8H · net · $10k
Funding arb · Price arb /

HYPER

all HYPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against MEXC+0.028%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$660.661% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.028%, 7d avg +0.043%
Together, before fees−0.004%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC HYPER_USDT0.075190.0100pay 0.0050% / 4h3h 41m$254K$132K20x
ShortHyperliquid HYPER0.075210.0100get 0.0013% / 1h41m 41s$83K$129K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.028% → +0.043%
−$1.52
Slippage, 4 orders
−$53.07
Fee MEXC: 2 bp × 2 orders
−$4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$67.59
Costs to cover
0.661%
Break-even
never at this rate
Slippage from MEXC: live order book, 13 min ago; Hyperliquid: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 13 min ago2.00 bp12.3 bp −$1277.2 bp −$772246.0 bp −$24.6K551.3 bp −$275.6K
Sell Hyperliquid live order book, 7 min ago2.00 bp15.6 bp −$16doesn't fitdoesn't fitdoesn't fit

HYPER on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin HYPERUSDTM−0.0186%4h0.07505−0.186%$121K$95K30xas long as short
Hyperliquid HYPERshort+0.0100%1h0.07521+0.028%$83K$129K3x
Aster HYPERUSDT+0.0100%4h0.07529+0.135%$20K$4K5xas long as short
Binance HYPERUSDT+0.0100%4h0.07515−0.053%$2.0M$2.2M50xas long as short
Bybit HYPERUSDT+0.0100%4h0.07521+0.027%$1.2M$738K25xas long as short
Gate HYPER_USDT+0.0100%4h0.07520+0.013%$88K$48K50xas long as short
MEXC HYPER_USDTlong+0.0100%4h0.07519long leg$254K$132K20x
Bitget HYPERUSDT+0.0100%4h0.07515−0.053%$322K$270K50xas long as short
Variational Omni HYPER+0.0100%4h0.07503−0.215%$6K$1Kas long as short
BloFin HYPER-USDT+0.0107%4h0.07511−0.106%$191K$21K50xas long as short