Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: MEXC against Hyperliquid−0.046%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$520.519% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.046%, 7d avg −0.073%
=Together, before fees−0.010%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.027% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ORDI | 4.9853 | 0.0100 | pay 0.0013% / 1h | 14m 51s | $722K | $650K | 3x |
| Short | MEXC ORDI_USDT | 4.9830 | 0.0100 | get 0.0050% / 4h | 3h 14m | $7.2M | $3.4M | 200x |
Hyperliquid ORDI
MEXC ORDI_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
- $0
- Price spread: −0.046% → −0.073%
- $2.68
- Slippage, 4 orders
- −$42.89
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$49.2
- Costs to cover
- 0.519%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 45 min ago; MEXC: live order book, 3 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, 45 min ago | 2.46 bp | 17.0 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.01 bp | 4.1 bp −$4 | 28.1 bp −$281 | 53.3 bp −$5,326 | 98.1 bp −$49.1K |
ORDI on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.9672 | −0.364% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −8.631% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0096% | 4h | 4.9860 | +0.014% | $613K | $318K | 75x | as long as short |
| Hyperliquid ORDIlong | +0.0100% | 1h | 4.9853 | long leg | $722K | $650K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9826 | −0.055% | $5K | $421K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9822 | −0.062% | $10.2M | $31.7M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9770 | −0.166% | $4.2M | $4.3M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9770 | −0.166% | $5.5M | $17.0M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9750 | −0.207% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDTshort | +0.0100% | 4h | 4.9830 | −0.046% | $7.2M | $3.4M | 200x |
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9803 | −0.100% | $956K | $821K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9810 | −0.086% | $2.9M | $3.1M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9800 | −0.106% | — | $27.5M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9437 | −0.834% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9760 | −0.187% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9690 | −0.327% | $91K | $348K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9849 | −0.007% | $4K | $192K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9788 | −0.130% | $9K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2905% | 1h | 4.9980 | +0.254% | $67K | $39K | 25x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD