Funding you earn now, next payment 06:00 UTC+0.0250%/8h= +27.4% APRpaid last 24h +0.016%
Price spread now: MEXC against Hyperliquid+0.142%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$950.947% of the position
Funding, last 7 days+0.035%+$3 on $10k
+Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.142%, 7d avg +0.084%
=Together, before fees−0.068%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and MEXC is 0.057% dearer against Hyperliquid than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.084%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.035% in total (about 1.8% 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 NXPC | 0.2435 | −0.0150 | get 0.0019% / 1h | 41m 08s | $381K | $394K | 3x |
| Short | MEXC NXPC_USDT | 0.2438 | 0.0100 | get 0.0050% / 4h | 2h 41m | $492K | $249K | 100x |
Hyperliquid NXPC
MEXC NXPC_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
- $52.5
- Price spread: +0.142% → +0.084%
- $5.73
- Slippage, 4 orders
- −$81.71
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$36.48
- Costs to cover
- 0.947%
- Break-even
- 11.9 days
Slippage from Hyperliquid: live order book, 29 min ago; MEXC: live order book, 55 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, 29 min ago | 6.10 bp | 28.3 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 55 min ago | 4.05 bp | 19.5 bp −$20 | 105.8 bp −$1,058 | 353.4 bp −$35.3K | 581.9 bp −$290.9K |
NXPC 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid NXPClong | −0.0150% | 1h | 0.2435 | long leg | $381K | $394K | 3x | |
| ApeX Omni NXPCUSDT | −0.0034% | 1h | 0.2449 | +0.594% | $17K | $635K | 50x | as long as short |
| BingX NXPC-USDT | +0.0070% | 4h | 0.2437 | +0.101% | — | $6.5M | — | as long as short |
| Binance NXPCUSDT | +0.0100% | 4h | 0.2438 | +0.129% | $4.6M | $8.0M | 50x | as long as short |
| Bybit NXPCUSDT | +0.0100% | 4h | 0.2436 | +0.060% | $1.2M | $2.6M | 25x | as long as short |
| Gate NXPC_USDT | +0.0100% | 8h | 0.2434 | −0.023% | $74K | $273K | 50x | as long as short |
| MEXC NXPC_USDTshort | +0.0100% | 4h | 0.2438 | +0.142% | $492K | $249K | 100x | |
| KuCoin NXPCUSDTM | +0.0100% | 4h | 0.2435 | +0.018% | $561K | $169K | 50x | as long as short |
| Bitget NXPCUSDT | +0.0100% | 4h | 0.2437 | +0.101% | $421K | $928K | 50x | as long as short |
| Variational Omni NXPC | +0.0100% | 4h | 0.2438 | +0.126% | $29K | $2K | — | as long as short |
ApeX Omni NXPCUSDT
BingX NXPC-USDT
Binance NXPCUSDT
Bybit NXPCUSDT
Gate NXPC_USDT
KuCoin NXPCUSDTM
Bitget NXPCUSDT
Variational Omni NXPC