Funding you earn now, next payment 02:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.059%
Price spread now: MEXC against Hyperliquid+0.043%7-day average +0.169% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$180.182% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 7 days+0.199%+$20 · spread now +0.043%, 7d avg +0.169%
=Together, before fees+0.122%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.126% cheaper against Hyperliquid than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.169%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BNB | 788.46 | 0.0100 | pay 0.0013% / 1h | 9m 13s | $51.7M | $18.6M | 10x |
| Short | MEXC BNB_USDT | 788.80 | 0.0064 | get 0.0064% / 8h | 6h 09m | $80.2M | $13.1M | 200x |
Hyperliquid BNB
MEXC BNB_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
- −$7.56
- Price spread: +0.043% → +0.169%
- −$12.56
- Slippage, 4 orders
- −$5.18
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$38.29
- Costs to cover
- 0.182%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; MEXC: live order book, 5 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 Hyperliquid live order book, 4 min ago | 0.51 bp | 5.9 bp −$6 | 8.6 bp −$86 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.27 bp | 3.3 bp −$3 | 3.3 bp −$33 | 12.7 bp −$1,271 | 28.7 bp −$14.3K |
BNB on 45 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0167% / S +0.0335% | 1h | 787.78 | −0.087% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0133% | 1h | 787.87 | −0.075% | $2.5M | $1.1M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.60 | +0.018% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 789.44 | +0.124% | $853K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 787.81 | −0.082% | $9.6M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0029% | 8h | 788.66 | +0.026% | $6.2M | $20.1M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.109% | $19K | $789K | 30x | as long as short |
| Gate BNB_USDT | +0.0045% | 8h | 787.90 | −0.071% | $35.1M | $57.7M | 75x | as long as short |
| BingX BNB-USDC | +0.0049% | 8h | 788.23 | −0.029% | — | $13.4M | — | as long as short |
| Variational Omni BNB | +0.0050% | 8h | 788.61 | +0.019% | $4.1M | $4.9M | — | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
Gate BNB_USDT
BingX BNB-USDC
Variational Omni BNBShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 788.82 | +0.046% | $619K | $1.8M | 50x | as long as short |
| MEXC BNB_USDTshort | +0.0064% | 8h | 788.80 | +0.043% | $80.2M | $13.1M | 200x | |
| Binance BNBUSDT | +0.0064% | 8h | 788.46 | 0.000% | $493.8M | $824.5M | 75x | as long as short |
| Phemex BNBUSDT | +0.0065% | 8h | 788.39 | −0.009% | $69.0M | $50.5M | 50x | as long as short |
| GRVT BNB_USDT_Perp | +0.0080% | 8h | 789.44 | +0.124% | $2.9M | $28.5M | 10x | as long as short |
| dYdX BNB-USD | +0.0087% | 1h | 788.17 | −0.037% | $159K | $63K | 10x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 788.56 | +0.013% | $169K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.98 | −0.061% | $2.8M | $4.1M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.92 | −0.068% | $381K | $409K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.85 | −0.077% | $1.5M | $2.7M | 20x | as long as short |
| Hyperliquid BNBlong | +0.0100% | 1h | 788.46 | long leg | $51.7M | $18.6M | 10x | |
| Pacifica BNB | +0.0100% | 1h | 788.31 | −0.018% | $1.2M | $920K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.71 | −0.095% | $138.8M | $79.7M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.80 | −0.084% | $53.4M | $113.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.20 | −0.033% | $52K | $135K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.73 | −0.093% | $27.8M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.68 | −0.099% | $77.6M | $29.9M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 789.23 | +0.098% | $4.1M | $77.1M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.87 | +0.052% | $159K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.78 | −0.086% | $137K | $950K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 788.02 | −0.056% | $31K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.75 | +0.036% | $12K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 788.00 | −0.058% | $387K | $998K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.95 | −0.065% | $8.1M | $9.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 788.72 | +0.032% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.62 | −0.106% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.99 | −0.060% | $379K | $110K | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 788.22 | −0.031% | $1.1M | $1.1M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0165% | 8h | 788.30 | −0.020% | $92K | $2.9M | 4.8x | as long as short |
| Bulk BNB-USD | +0.0244% | 1h | 794.01 | +0.704% | $643K | $13K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0264% | 1h | 788.44 | −0.003% | $28K | $3K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 788.41 | −0.006% | $1.5M | $160K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0328% | 1h | 787.77 | −0.087% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0390% | 1h | 788.97 | +0.065% | $2.7M | $5.7M | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0544% | 1h | 788.80 | +0.043% | $68K | $39K | 12x | as long as short |
Coinbase International BNB-PERP-INTX
Binance BNBUSDT
Phemex BNBUSDT
GRVT BNB_USDT_Perp
dYdX BNB-USD
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
RISEx BNB/USDC
Kalshi KXBNBPERP
Bulk BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
Hibachi BNB/USDT-P