Funding you earn now, next payment 22:00 UTC+0.0842%/8h= +92.2% APRpaid last 24h +0.092%
Price spread now: Hyperliquid against MEXC+0.219%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$270.274% of the position
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 7 days−0.169%−$17 · spread now +0.219%, 7d avg +0.099%
=Together, before fees−0.064%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Hyperliquid is 0.120% dearer against MEXC than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.099%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.105% in total (about 5.5% 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 | MEXC ICP_USDT | 2.9680 | 0.0100 | pay 0.0100% / 8h | 2h 39m | $19.5M | $8.4M | 50x |
| Short | Hyperliquid ICP | 2.9745 | 0.0942 | get 0.0118% / 1h | 39m 25s | $4.8M | $4.9M | 5x |
MEXC ICP_USDT
Hyperliquid ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against MEXC. 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
- $176.73
- Price spread: +0.219% → +0.099%
- $11.97
- Slippage, 4 orders
- −$18.43
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $161.27
- Costs to cover
- 0.274%
- Break-even
- 0.6 days
Slippage from MEXC: live order book, 4 min ago; Hyperliquid: live order book, 2 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 MEXC live order book, 4 min ago | 1.68 bp | 4.0 bp −$4 | 12.1 bp −$121 | 72.1 bp −$7,213 | 145.9 bp −$72.9K |
| Sell Hyperliquid live order book, 2 min ago | 1.17 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
ICP on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1286% | 8h | 2.9660 | −0.067% | $1.7M | $782K | 50x | as long as short |
| Variational Omni ICP | −0.0267% | 8h | 2.9715 | +0.118% | $1.1M | $119K | — | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0220% | 1h | 2.9748 | +0.229% | $265 | $464 | 50x | as long as short |
| Injective ICP/USDC PERP | −0.0199% | 1h | 2.9665 | −0.051% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0130% | 8h | 2.9700 | +0.067% | $1.9M | $2.7M | 50x | as long as short |
| Bybit ICPUSDT | −0.0039% | 8h | 2.9680 | 0.000% | $17.1M | $17.6M | 75x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9759 | +0.268% | $69K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9700 | +0.067% | $27K | — | 150x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9755 | +0.253% | $166K | $442K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9751 | +0.239% | $189K | $1.5M | 20x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Deribit ICP_USDC-PERPETUAL
Injective ICP/USDC PERP
Gate ICP_USDT
Bybit ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Lighter ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9737 | +0.192% | $135K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9686 | +0.021% | $28.9M | $48.6M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9670 | −0.034% | $5.8M | $15.5M | 50x | as long as short |
| MEXC ICP_USDTlong | +0.0100% | 8h | 2.9680 | long leg | $19.5M | $8.4M | 50x | |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9700 | +0.067% | $5.3M | $12.8M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9700 | +0.067% | $6.8M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9700 | +0.067% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9738 | +0.195% | $23K | $277K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9728 | +0.161% | $570K | $481K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9730 | +0.168% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9690 | +0.034% | $106K | $218K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9714 | +0.116% | $24K | $123K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0148% | 1h | 2.9760 | +0.268% | $495K | $509K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9740 | +0.202% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0232% | 1h | 2.9790 | +0.371% | $62K | $88K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0432% / S −0.0367% | 1h | 2.9743 | +0.211% | $31K | — | 100x | as long as short |
| Hyperliquid ICPshort | +0.0942% | 1h | 2.9745 | +0.219% | $4.8M | $4.9M | 5x |
Pacifica ICP
Binance ICPUSDT
OKX ICP-USDT-SWAP
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Kraken Futures PF_ICPUSD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]