Funding you earn now, next payment 02:00 UTC−0.2293%/8h= −251.1% APRpaid last 24h −0.374%
Price spread now: MEXC against Hyperliquid−0.384%7-day average −0.271% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.539%−$54 on $10k
+Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.384%, 7d avg −0.271%
=Together, before fees−0.382%+ Points / potential airdropHyperliquid: Season 2 · farm board−$38 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$69 a day on $10k at the current rate, and MEXC is 0.113% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.271%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.539% in total (about -28.1% 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 NIL | 0.07111 | 0.2393 | pay 0.0299% / 1h | 10m 45s | $4.5M | $4.5M | 3x |
| Short | MEXC NIL_USDT | 0.07084 | 0.0100 | get 0.0050% / 4h | 2h 10m | $2.4M | $4.6M | 100x |
Hyperliquid NIL
MEXC NIL_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
- −$481.53
- Price spread: −0.384% → −0.271%
- −$11.32
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$505.85
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; MEXC: live order book, 2 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 Hyperliquid live order book, 11 min ago | 1.41 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 7.05 bp | 23.0 bp −$23 | 109.2 bp −$1,092 | 300.2 bp −$30.0K | 599.1 bp −$299.6K |
NIL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NILUSDT | +0.0100% | 4h | 0.07085 | −0.367% | $23K | $343K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07084 | −0.384% | $5.5M | $74.8M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.07093 | −0.257% | $3.9M | $13.5M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.07097 | −0.201% | $452K | $1.9M | 50x | as long as short |
| MEXC NIL_USDTshort | +0.0100% | 4h | 0.07084 | −0.384% | $2.4M | $4.6M | 100x | |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.07087 | −0.342% | $538K | $655K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07091 | −0.285% | $1.8M | $8.1M | 50x | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07082 | −0.409% | $17K | $91K | 5x | as long as short |
| BingX NIL-USDT | +0.0120% | 4h | 0.07089 | −0.314% | — | $8.4M | — | as long as short |
| Variational Omni NIL | +0.0271% | 4h | 0.07101 | −0.141% | $192K | $268K | — | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
Extended NIL-USD
BingX NIL-USDT
Variational Omni NILShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid NILlong | +0.2393% | 1h | 0.07111 | long leg | $4.5M | $4.5M | 3x |