Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.027%
Price spread now: MEXC against Hyperliquid−0.114%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$130.131% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 7 days+0.096%+$10 · spread now −0.114%, 7d avg −0.044%
=Together, before fees+0.031%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.070% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BTC | 85,332 | 0.0100 | pay 0.0013% / 1h | 14m 28s | $3.77B | $5.10B | 40x |
| Short | MEXC BTC_USDT | 85,234.9 | 0.0100 | get 0.0100% / 8h | 14m 28s | $5.02B | $5.77B | 500x |
Hyperliquid BTC
MEXC BTC_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
- $0
- Price spread: −0.114% → −0.044%
- −$6.98
- Slippage, 4 orders
- −$0.13
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$20.11
- Costs to cover
- 0.131%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 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, 10 min ago | 0.06 bp | 4.6 bp −$5 | 4.6 bp −$46 | 5.0 bp −$500 | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.01 bp | 2.0 bp −$2 | 2.3 bp −$23 | 2.6 bp −$263 | 3.0 bp −$1,521 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,215 | −0.137% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,263 | −0.081% | $2.3M | $10.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,190.7 | −0.166% | $421.1M | $686.1M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0013% | 8h | 85,192 | −0.164% | $926.8M | $777.9M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,250 | −0.096% | $343K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,200.1 | −0.155% | $36.4M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0006% | 8h | 85,232.7 | −0.116% | $509.2M | $1.08B | 200x | as long as short |
| dYdX BTC-USD | +0.0015% | 1h | 85,231.4 | −0.118% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,203.1 | −0.151% | $185.6M | $954.6M | 100x | as long as short |
| BingX BTC-USDC | +0.0064% | 8h | 85,209.9 | −0.143% | — | $17.4M | — | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
KuCoin XBTUSDTM
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSD
BingX BTC-USDCShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,331 | −0.001% | $311K | $25.5M | 52x | as long as short |
| Bybit BTCUSDT | +0.0081% | 8h | 85,239.4 | −0.109% | $5.10B | $10.04B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0084% | 1h | 85,241.3 | −0.106% | $139.6M | $312.5M | 100x | as long as short |
| Nado BTC-PERP | +0.0089% | 1h | 85,199.8 | −0.155% | $24.0M | $220.9M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,230.9 | −0.118% | $168.7M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,242.6 | −0.105% | $23.6M | $148.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,230 | −0.120% | $8.4M | $57.7M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,184.6 | −0.173% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0098% | 8h | 85,249.4 | −0.097% | $2.97B | $5.21B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,208 | −0.145% | $268K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,289.8 | −0.049% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTClong | +0.0100% | 1h | 85,332 | long leg | $3.77B | $5.10B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 85,260 | −0.084% | $40.3M | $604.7M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,238.1 | −0.110% | $9.38B | $25.16B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,245.4 | −0.101% | $2.60B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,233 | −0.116% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,247.2 | −0.099% | $4.7M | $97.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,231.7 | −0.118% | $5.49B | $11.15B | 200x | as long as short |
| MEXC BTC_USDTshort | +0.0100% | 8h | 85,234.9 | −0.114% | $5.02B | $5.77B | 500x | |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,187.1 | −0.170% | $36.9M | $189.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,180.5 | −0.177% | $155.7M | $548.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,195.5 | −0.160% | $282.5M | $959.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,244.3 | −0.103% | $214.2M | $159.5M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,210.2 | −0.143% | $30.0M | $212.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,311.6 | −0.024% | — | $10.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,253 | −0.093% | $10.9M | $15.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,194 | −0.162% | $195K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,196.1 | −0.159% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,231.2 | −0.118% | $194K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,209.5 | −0.144% | $29.2M | $45.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,206 | −0.148% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,191 | −0.165% | $59.7M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,189.5 | −0.167% | $2.25B | $973.9M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,186.3 | −0.171% | $158.6M | $516.1M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,240 | −0.108% | $693.3M | $214.1M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,205.2 | −0.149% | $45.4M | $241.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,199.9 | −0.155% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,229.1 | −0.121% | $111.8M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0142% | 1h | 85,177.4 | −0.181% | $6.6M | $142.4M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0150% | 1h | 85,232.8 | −0.116% | $839.7M | $1.67B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0171% | 8h | 85,217 | −0.135% | $12.0M | $737.6M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,254.6 | −0.091% | $8.8M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0146% | 1h | 85,196.3 | −0.159% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0256% | 1h | 85,239.3 | −0.109% | $694K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0293% | 1h | 85,247.3 | −0.099% | $81K | $254K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,247.2 | −0.099% | $465K | $18.3M | 6.7x | as long as short |
Injective BTC/USDC PERP
Bybit BTCUSDT
ApeX Omni BTCUSDT
Nado BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC