Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: MEXC against Hyperliquid+0.083%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$790.787% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.083%, 7d avg +0.005%
=Together, before fees−0.143%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 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 0.078% dearer against Hyperliquid than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GMT | 0.008422 | 0.0100 | pay 0.0013% / 1h | 39m 27s | $112K | $152K | 3x |
| Short | MEXC GMT_USDT | 0.008429 | 0.0100 | get 0.0050% / 4h | 2h 39m | $427K | $211K | 20x |
Hyperliquid GMT
MEXC GMT_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: +0.083% → +0.005%
- $7.77
- Slippage, 4 orders
- −$65.65
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$70.88
- Costs to cover
- 0.787%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 30 min ago; MEXC: live order book, 56 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, 30 min ago | 1.18 bp | 31.0 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 56 min ago | 1.17 bp | 8.4 bp −$8 | 44.9 bp −$449 | 259.1 bp −$25.9K | doesn't fit |
GMT on 12 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_GMTUSD | −0.1182% | 1h | 0.008437 | +0.182% | $43K | $13K | 20x | as long as short |
| Bybit GMTUSDT | −0.0460% | 8h | 0.008422 | 0.000% | $1.0M | $2.0M | 50x | as long as short |
| OKX GMT-USDT-SWAP | −0.0446% | 4h | 0.008414 | −0.095% | $390K | $1.2M | 20x | as long as short |
| KuCoin GMTUSDTM | −0.0314% | 4h | 0.008420 | −0.024% | $258K | $181K | 50x | as long as short |
| Variational Omni GMT | −0.0313% | 8h | 0.008437 | +0.180% | $4K | $5K | — | as long as short |
| Bitget GMTUSDT | +0.0026% | 4h | 0.008413 | −0.107% | $673K | $625K | 50x | as long as short |
| BingX GMT-USDT | +0.0050% | 4h | 0.008429 | +0.083% | — | $1.3M | — | as long as short |
| Aster GMTUSDT | +0.0050% | 4h | 0.008448 | +0.303% | $7K | $23K | 10x | as long as short |
| Hyperliquid GMTlong | +0.0100% | 1h | 0.008422 | long leg | $112K | $152K | 3x | |
| Binance GMTUSDT | +0.0100% | 4h | 0.008423 | +0.012% | $2.9M | $5.3M | 50x | as long as short |
Kraken Futures PF_GMTUSD
Bybit GMTUSDT
OKX GMT-USDT-SWAP
KuCoin GMTUSDTM
Variational Omni GMT
Bitget GMTUSDT
BingX GMT-USDT
Aster GMTUSDT
Binance GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate GMT_USDT | +0.0100% | 8h | 0.008440 | +0.214% | $143K | $175K | 50x | as long as short |
| MEXC GMT_USDTshort | +0.0100% | 4h | 0.008429 | +0.083% | $427K | $211K | 20x |
Gate GMT_USDT