Funding you earn now, next payment 22:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h −0.041%
Price spread now: MEXC against Hyperliquid+0.012%7-day average −0.214% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$330.327% of the position
Funding, last 7 days−0.251%−$25 on $10k
+Price spread, last 4 days (all we have)+0.161%+$16 · spread now +0.012%, 7d avg −0.214%
=Together, before fees−0.090%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.226% dearer against Hyperliquid than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.214%. Mind the row above: over the last 7 days funding on this pair cost −0.251%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FIL | 0.9758 | 0.0074 | pay 0.0009% / 1h | 55m 11s | $8.6M | $9.6M | 5x |
| Short | MEXC FIL_USDC | 0.9759 | 0.0100 | get 0.0100% / 8h | 2h 55m | $248K | $103K | 50x |
Hyperliquid FIL
MEXC FIL_USDCFunding 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
- $5.37
- Price spread: +0.012% → −0.214%
- $22.6
- Slippage, 4 orders
- −$23.74
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$4.77
- Costs to cover
- 0.327%
- Break-even
- 13.2 days
Slippage from Hyperliquid: live order book, 7 min ago; MEXC: live order book, 26 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 | 0.20 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 26 min ago | 3.06 bp | 8.6 bp −$9 | 15.5 bp −$155 | 76.0 bp −$7,603 | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_FILUSD | −0.0627% | 1h | 0.9767 | +0.097% | $1.4M | $2.3M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0568% | 1h | 0.9775 | +0.176% | $168K | $22K | 25x | as long as short |
| Lighter FIL | −0.0384% | 1h | 0.9751 | −0.065% | $156K | $332K | 5x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9774 | +0.166% | $331K | $1.9M | 50x | as long as short |
| Bybit FILUSDT | −0.0104% | 8h | 0.9761 | +0.033% | $15.4M | $18.0M | 25x | as long as short |
| Variational Omni FIL | −0.0058% | 8h | 0.9729 | −0.291% | $434K | $273K | — | as long as short |
| Bitget FILUSDT | −0.0022% | 8h | 0.9755 | −0.029% | $10.7M | $22.4M | 75x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9771 | +0.134% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9743 | −0.153% | $57K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0026% | 8h | 0.9756 | −0.018% | $18.0M | $97.0M | 50x | as long as short |
Kraken Futures PF_FILUSD
Deribit FIL_USDC-PERPETUAL
Lighter FIL
Coinbase International FIL-PERP-INTX
Bybit FILUSDT
Variational Omni FIL
Bitget FILUSDT
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9658 | −1.023% | $2K | $118K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0044% | 8h | 0.9762 | +0.043% | $7.3M | $7.2M | 50x | as long as short |
| Hyperliquid FILlong | +0.0074% | 1h | 0.9758 | long leg | $8.6M | $9.6M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9762 | +0.046% | $484K | $539K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9761 | +0.034% | $55.9M | $177.8M | 75x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9760 | +0.023% | $7.7M | $16.2M | 50x | as long as short |
| MEXC FIL_USDCshort | +0.0100% | 8h | 0.9759 | +0.012% | $248K | $103K | 50x | |
| BingX FIL-USDT | +0.0100% | 8h | 0.9754 | −0.039% | — | $11.8M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9716 | −0.426% | $45K | $292K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9716 | −0.433% | $292K | $809K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9720 | −0.387% | $41K | $194K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9777 | +0.192% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9760 | +0.023% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9764 | +0.064% | $467 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9764 | +0.064% | $615K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9760 | +0.023% | $1.0M | $2.2M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9766 | +0.082% | $678K | $2.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9767 | +0.094% | $2.6M | $616K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0610% / S −0.0849% | 1h | 0.9772 | +0.146% | $207K | — | 100x | as long as short |
Injective FIL/USDC PERP
KuCoin FILUSDTM
Aster FILUSDT
Binance FILUSDT
Gate FIL_USDT
BingX FIL-USDT
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]