Funding you earn now, next payment 02:00 UTC+0.2293%/8h= +251.1% APRpaid last 24h +0.374%
Price spread now: Hyperliquid against MEXC+0.385%7-day average +0.271% · you sell dearer than you buy
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)−0.159%−$16 · spread now +0.385%, 7d avg +0.271%
=Together, before fees+0.380%+ Points / potential airdropHyperliquid: Season 2 · farm board+$38 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$69 a day on $10k at the current rate, and Hyperliquid is 0.115% dearer against MEXC than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.271%.
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 | MEXC NIL_USDT | 0.07084 | 0.0100 | pay 0.0050% / 4h | 2h 10m | $2.4M | $4.6M | 100x |
| Short | Hyperliquid NIL | 0.07111 | 0.2393 | get 0.0299% / 1h | 10m 45s | $4.5M | $4.5M | 3x |
MEXC NIL_USDT
Hyperliquid NILFunding 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
- $481.53
- Price spread: +0.385% → +0.271%
- $11.47
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $480
- Costs to cover
- 0.130%
- Break-even
- 0.0 days
Slippage unknown: MEXC: live order book, 2 min ago; Hyperliquid: live order book, 11 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 MEXC live order book, 2 min ago | 7.05 bp | 35.3 bp −$35 | 98.7 bp −$987 | 324.6 bp −$32.5K | 629.8 bp −$314.9K |
| Sell Hyperliquid live order book, 11 min ago | 1.41 bp | 21.0 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
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 | +0.017% | $23K | $343K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07084 | 0.000% | $5.5M | $74.8M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.07093 | +0.127% | $3.9M | $13.5M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.07097 | +0.184% | $452K | $1.9M | 50x | as long as short |
| MEXC NIL_USDTlong | +0.0100% | 4h | 0.07084 | long leg | $2.4M | $4.6M | 100x | |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.07087 | +0.042% | $538K | $655K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07091 | +0.099% | $1.8M | $8.1M | 50x | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07082 | −0.025% | $17K | $91K | 5x | as long as short |
| BingX NIL-USDT | +0.0120% | 4h | 0.07089 | +0.071% | — | $8.4M | — | as long as short |
| Variational Omni NIL | +0.0271% | 4h | 0.07101 | +0.244% | $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 NILshort | +0.2393% | 1h | 0.07111 | +0.385% | $4.5M | $4.5M | 3x |