Funding you earn now, next payment 00:00 UTC−0.0526%/8h= −57.6% APRpaid last 24h −0.073%
Price spread now: MEXC against Hyperliquid−0.226%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$240.236% of the position
Funding, last 7 days−0.199%−$20 on $10k
+Price spread, last 7 days+0.205%+$20 · spread now −0.226%, 7d avg −0.082%
=Together, before fees+0.006%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and MEXC is 0.143% cheaper against Hyperliquid than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.082%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.199% in total (about -10.4% 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 FET | 0.2040 | 0.0626 | pay 0.0078% / 1h | 35m 05s | $9.0M | $8.0M | 5x |
| Short | MEXC FET_USDT | 0.2035 | 0.0100 | get 0.0100% / 8h | 35m 05s | $34.3M | $25.0M | 200x |
Hyperliquid FET
MEXC FET_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
- −$110.53
- Price spread: −0.226% → −0.082%
- −$14.32
- Slippage, 4 orders
- −$14.59
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$148.43
- Costs to cover
- 0.236%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; MEXC: live order book, 4 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 | 1.96 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 2.45 bp | 2.7 bp −$3 | 9.3 bp −$93 | 41.3 bp −$4,132 | 156.8 bp −$78.4K |
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.2690% | 1h | 0.2035 | −0.226% | $28K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2055 | +0.755% | $154K | $205K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0479% | 1h | 0.2037 | −0.134% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2035 | −0.241% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.451% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0054% | 8h | 0.2035 | −0.226% | $2.8M | $12.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2036 | −0.155% | $340K | $543K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2038 | −0.101% | $31.8M | $108.6M | 75x | as long as short |
| MEXC FET_USDTshort | +0.0100% | 8h | 0.2035 | −0.226% | $34.3M | $25.0M | 200x | |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2035 | −0.226% | $10.6M | $19.1M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2037 | −0.114% | $298K | $339K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2034 | −0.275% | $38K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2034 | −0.283% | $34K | $190K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2033 | −0.301% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2038 | −0.078% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0311% | 8h | 0.2037 | −0.127% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0320% | 8h | 0.2038 | −0.078% | $16.4M | $11.5M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0320% | 4h | 0.2040 | +0.020% | $988K | $7.8M | 20x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2041 | +0.054% | $36K | $45K | 5x | as long as short |
| Hyperliquid FETlong | +0.0626% | 1h | 0.2040 | long leg | $9.0M | $8.0M | 5x |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
OKX FET-USDT-SWAP
Phoenix FET