Funding you earn now, next payment 01:00 UTC−0.0603%/8h= −66.0% APRpaid last 24h −0.157%
Price spread now: MEXC against Hyperliquid−0.219%7-day average −0.207% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$520.521% of the position
Funding, last 7 days−0.289%−$29 on $10k
+Price spread, last 7 days+0.047%+$5 · spread now −0.219%, 7d avg −0.207%
=Together, before fees−0.242%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.207%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.289% in total (about -15.1% 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 CFX | 0.05391 | 0.0703 | pay 0.0088% / 1h | 44m 03s | $3.2M | $382K | 5x |
| Short | MEXC CFX_USDT | 0.05379 | 0.0100 | get 0.0100% / 8h | 7h 44m | $3.4M | $1.8M | 125x |
Hyperliquid CFX
MEXC CFX_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
- −$126.59
- Price spread: −0.219% → −0.207%
- −$1.19
- Slippage, 4 orders
- −$39.09
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$179.88
- Costs to cover
- 0.521%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; MEXC: live order book, 3 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, 7 min ago | 1.39 bp | 29.2 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.93 bp | 6.0 bp −$6 | 8.7 bp −$87 | 47.1 bp −$4,710 | 95.6 bp −$47.8K |
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CFXUSDT | +0.0100% | 8h | 0.05384 | −0.130% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05383 | −0.152% | $5.4M | $10.9M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05384 | −0.126% | $2.4M | $1.8M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05380 | −0.200% | $2.5M | $6.1M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05379 | −0.219% | $1.1M | $2.8M | 50x | as long as short |
| MEXC CFX_USDTshort | +0.0100% | 8h | 0.05379 | −0.219% | $3.4M | $1.8M | 125x | |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05381 | −0.182% | $887K | $290K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05382 | −0.163% | $1.6M | $1.5M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05381 | −0.182% | — | $20.7M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05383 | −0.142% | $38K | $41K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05385 | −0.107% | $511K | $1.9M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05381 | −0.182% | $878 | $284K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0384% | 1h | 0.05389 | −0.033% | $35K | $152K | 50x | as long as short |
| Hyperliquid CFXlong | +0.0703% | 1h | 0.05391 | long leg | $3.2M | $382K | 5x | |
| Kraken Futures PF_CFXUSD | +0.0851% | 1h | 0.05388 | −0.050% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.2724% | 1h | 0.05396 | +0.096% | $142 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL