2Z

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: MEXC against Hyperliquid+0.068%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$690.692% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.068%, 7d avg +0.075%

Together, before fees−0.083%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid 2Z	0.05156	0.0100	pay 0.0013% / 1h	54m 35s	$682K	$354K	3x
Short	MEXC 2Z_USDT	0.05160	0.0100	get 0.0050% / 4h	2h 54m	$287K	$121K	50x

Funding history

latest

Range statsloading…

MEXC against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee HyperliquidbpFee MEXCbpOrdersPrice spread, now +0.068%Rate

Slippage from Hyperliquid: live order book, 65 min ago; MEXC: live order book, 60 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 65 min ago	2.02 bp	26.4 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 60 min ago	5.77 bp	12.7 bp −$13	72.6 bp −$726	222.7 bp −$22.3K	doesn't fit

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
Backpack 2Z_USDC_PERP	−0.0867%	1h	0.05156	−0.010%	$45K	$32K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−3.423%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05169	+0.242%	$16K	$8K	3x	as long as short
Hyperliquid 2Zlong	+0.0100%	1h	0.05156	long leg	$682K	$354K	3x
Aster 2ZUSDT	+0.0100%	4h	0.05160	+0.075%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05161	+0.087%	$74K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05156	−0.006%	$2.1M	$2.3M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05157	+0.010%	$674K	$961K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05154	−0.048%	$444K	$689K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05164	+0.145%	$91K	$68K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDTshort	+0.0100%	4h	0.05160	+0.068%	$287K	$121K	50x
KuCoin 2ZUSDTM	+0.0100%	4h	0.05162	+0.105%	$190K	$51K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05158	+0.029%	$144K	$589K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05158	+0.029%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05161	+0.081%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05163	+0.126%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.1052%	1h	0.05191	+0.669%	$6K	$3K	10x	as long as short