Funding you earn now, next payment 00:00 UTC+0.0194%/8h= +21.2% APRnext payment +$0.97 per $10,000 · paid last 24h +0.017%
Price spread now: MEXC against Gate−0.067%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. MEXC is 0.067% cheaper against Gate than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 28 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.032% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.97 per $10,000. 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 | Gate HYPER_USDT | 0.07450 | −0.0094 | get 0.0047% / 4h | 2h 18m | $91K | $46K | 50x |
| Short | MEXC HYPER_USDT | 0.07445 | 0.0100 | get 0.0050% / 4h | 2h 18m | $259K | $131K | 20x |
Gate HYPER_USDT
MEXC HYPER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Gate. 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
- $40.74
- Price spread: −0.067% → 0.000%
- −$6.71
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $15.03
- Costs to cover
- 0.190%
- Break-even
- 4.4 days
Slippage unknown: Gate: no order-book sample; MEXC: live order book, 63 min ago. Net counts fees only.
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 Gate no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 63 min ago | 1.34 bp | 10.8 bp −$11 | 67.8 bp −$678 | 203.3 bp −$20.3K | 497.7 bp −$248.8K |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
HYPER on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate HYPER_USDTlong | −0.0094% | 4h | 0.07450 | long leg | $91K | $46K | 50x | |
| KuCoin HYPERUSDTM | −0.0014% | 4h | 0.07451 | +0.013% | $132K | $93K | 30x | as long as short |
| Hyperliquid HYPER | +0.0100% | 1h | 0.07449 | −0.017% | $72K | $121K | 3x | as long as short |
| Aster HYPERUSDT | +0.0100% | 4h | 0.07457 | +0.096% | $20K | $4K | 5x | as long as short |
| Binance HYPERUSDT | +0.0100% | 4h | 0.07446 | −0.054% | $2.0M | $2.1M | 50x | as long as short |
| Bybit HYPERUSDT | +0.0100% | 4h | 0.07451 | +0.013% | $1.2M | $706K | 25x | as long as short |
| MEXC HYPER_USDTshort | +0.0100% | 4h | 0.07445 | −0.067% | $259K | $131K | 20x | |
| Bitget HYPERUSDT | +0.0100% | 4h | 0.07444 | −0.081% | $311K | $262K | 50x | as long as short |
| Variational Omni HYPER | +0.0100% | 4h | 0.07459 | +0.115% | $7K | $1K | — | as long as short |
| BloFin HYPER-USDT | +0.0132% | 4h | 0.07448 | −0.027% | $189K | $23K | 50x | as long as short |
KuCoin HYPERUSDTM
Hyperliquid HYPER
Aster HYPERUSDT
Binance HYPERUSDT
Bybit HYPERUSDT
Bitget HYPERUSDT
Variational Omni HYPER
BloFin HYPER-USDT