Funding you earn now, next payment 07:00 UTC−0.1528%/8h= −167.3% APRpaid last 24h −0.453%
Price spread now: MEXC against Hyperliquid−0.169%7-day average −0.364% · you buy dearer than you sell
Net, funding: paid 7d − costs−$211as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1341.340% of the position
Funding, last 7 days−0.771%−$77 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.169%, 7d avg −0.364%
=Together, before fees−0.710%+ Points / potential airdropHyperliquid: Season 2 · farm board−$71 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.196% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.169% now, against its 7-day average of −0.364%): +$20 on $10k if it goes back. Holding the pair costs −$46 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.771% in total) that is about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.771% in total (about -40.2% 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 HMSTR | 0.0001780 | 0.1628 | pay 0.0203% / 1h | 8m 01s | $2.0M | $112K | 3x |
| Short | MEXC HMSTR_USDT | 0.0001777 | 0.0100 | get 0.0050% / 4h | 1h 08m | $386K | $117K | 50x |
Hyperliquid HMSTR
MEXC HMSTR_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
- −$320.8
- Price spread: −0.169% → −0.364%
- $19.55
- Slippage, 4 orders
- −$120.96
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$435.21
- Costs to cover
- 1.340%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; MEXC: live order book, 17 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, 3 min ago | 28.01 bp | 81.4 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 17 min ago | 2.81 bp | 10.0 bp −$10 | 54.5 bp −$545 | 150.3 bp −$15.0K | doesn't fit |
HMSTR on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX HMSTR-USDT | +0.0070% | 4h | 0.0001779 | −0.056% | — | $1.3M | — | as long as short |
| Aster HMSTRUSDT | +0.0100% | 4h | 0.0001778 | −0.118% | $33K | $6K | 5x | as long as short |
| Binance HMSTRUSDT | +0.0100% | 4h | 0.0001777 | −0.169% | $2.2M | $1.9M | 10x | as long as short |
| Bybit HMSTRUSDT | +0.0100% | 4h | 0.0001777 | −0.169% | $1.5M | $595K | 25x | as long as short |
| OKX HMSTR-USDT-SWAP | +0.0100% | 4h | 0.0001778 | −0.112% | $623K | $724K | 10x | as long as short |
| Gate HMSTR_USDT | +0.0100% | 4h | 0.0001777 | −0.169% | $414K | $245K | 25x | as long as short |
| MEXC HMSTR_USDTshort | +0.0100% | 4h | 0.0001777 | −0.169% | $386K | $117K | 50x | |
| KuCoin HMSTRUSDTM | +0.0100% | 4h | 0.0001778 | −0.112% | $253K | $57K | 10x | as long as short |
| Variational Omni HMSTR | +0.0100% | 4h | 0.0001778 | −0.103% | $2K | $919 | — | as long as short |
| ApeX Omni HMSTRUSDT | +0.0100% | 1h | 0.0001777 | −0.169% | $13K | $604K | 50x | as long as short |
BingX HMSTR-USDT
Aster HMSTRUSDT
Binance HMSTRUSDT
Bybit HMSTRUSDT
OKX HMSTR-USDT-SWAP
Gate HMSTR_USDT
KuCoin HMSTRUSDTM
Variational Omni HMSTR
ApeX Omni HMSTRUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended kHMSTR-USD | +0.0104% | 1h | 0.0001777 | −0.196% | $927 | — | 5x | as long as short |
| Hyperliquid HMSTRlong | +0.1628% | 1h | 0.0001780 | long leg | $2.0M | $112K | 3x | |
| Kraken Futures PF_HMSTRUSD | +0.3189% | 1h | 0.0001776 | −0.210% | $10K | $6K | 10x | as long as short |
Extended kHMSTR-USD
Kraken Futures PF_HMSTRUSD