Funding you earn now, next payment 23:00 UTC−0.2631%/8h= −288.1% APRpaid last 24h −0.240%
Price spread now: MEXC against Hyperliquid−0.367%7-day average −0.345% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.642%−$64 on $10k
+Price spread, last 4 days (all we have)−0.086%−$9 · spread now −0.367%, 7d avg −0.345%
=Together, before fees−0.727%+ Points / potential airdropHyperliquid: Season 2 · farm board−$73 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$79 a day on $10k at the current rate, and MEXC is 0.022% cheaper against Hyperliquid than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.345%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.642% in total (about -33.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid APEX | 0.2563 | 0.2731 | pay 0.0341% / 1h | 55m 06s | $2.9M | $117K | 3x |
| Short | MEXC APEX_USDT | 0.2554 | 0.0100 | get 0.0050% / 4h | 1h 55m | $601K | $249K | 50x |
Hyperliquid APEX
MEXC APEX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$552.53
- Price spread: −0.367% → −0.345%
- −$2.16
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$567.7
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; MEXC: live order book, 20 min ago. 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 Hyperliquid live order book, 6 min ago | 3.90 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 20 min ago | 3.90 bp | 26.4 bp −$26 | 122.7 bp −$1,227 | 1049.3 bp −$104.9K | doesn't fit |
APEX on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit APEXUSDT | +0.0100% | 4h | 0.2554 | −0.367% | $3.6M | $1.3M | 25x | as long as short |
| MEXC APEX_USDTshort | +0.0100% | 4h | 0.2554 | −0.367% | $601K | $249K | 50x | |
| BingX APEX-USDT | +0.0100% | 4h | 0.2554 | −0.367% | — | $1.3M | — | as long as short |
| Variational Omni APEX | +0.0100% | 4h | 0.2554 | −0.356% | $17K | $4K | — | as long as short |
| ApeX Omni APEXUSDT | +0.0100% | 1h | 0.2549 | −0.562% | $136K | $470K | 50x | as long as short |
| BloFin APEX-USDT | +0.0146% | 4h | 0.2557 | −0.250% | $94K | $2K | 25x | as long as short |
| Lighter APEX | +0.2224% | 1h | 0.2564 | +0.012% | $54K | $21K | 5x | as long as short |
| Hyperliquid APEXlong | +0.2731% | 1h | 0.2563 | long leg | $2.9M | $117K | 3x |
Bybit APEXUSDT
BingX APEX-USDT
Variational Omni APEX
ApeX Omni APEXUSDT
BloFin APEX-USDT
Lighter APEX