Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.041%
Price spread now: MEXC against Hyperliquid−0.180%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$330.326% of the position
Funding, last 7 days−0.290%−$29 on $10k
+Price spread, last 7 days+0.142%+$14 · spread now −0.180%, 7d avg −0.070%
=Together, before fees−0.149%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 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 0.110% cheaper against Hyperliquid than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.070%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid POL | 0.1114 | 0.0100 | pay 0.0013% / 1h | 41m 00s | $7.5M | $4.6M | 5x |
| Short | MEXC POL_USDT | 0.1112 | 0.0100 | get 0.0050% / 4h | 2h 41m | $23.3M | $4.0M | 125x |
Hyperliquid POL
MEXC POL_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: −0.180% → −0.070%
- −$10.99
- Slippage, 4 orders
- −$23.55
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$43.54
- Costs to cover
- 0.326%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 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, 11 min ago | 1.35 bp | 14.9 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.90 bp | 4.1 bp −$4 | 29.5 bp −$295 | 84.4 bp −$8,440 | doesn't fit |
POL on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni POLUSDT | −0.0227% | 1h | 0.1112 | −0.162% | $197K | $661K | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0080% | 1h | 0.1111 | −0.251% | $202K | $254K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1113 | −0.092% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0042% | 4h | 0.1112 | −0.180% | $11K | $209K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1112 | −0.206% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1113 | −0.090% | $22K | — | 150x | as long as short |
| dYdX POL-USD | +0.0005% | 1h | 0.1113 | −0.048% | $17K | $3K | 5x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.251% | $3K | $124K | 12x | as long as short |
| GRVT POL_USDT_Perp | +0.0036% | 4h | 0.1111 | −0.223% | $1.1M | $3.5M | 10x | as long as short |
| OKX POL-USDT-SWAP | +0.0085% | 4h | 0.1112 | −0.171% | $5.7M | $12.1M | 50x | as long as short |
ApeX Omni POLUSDT
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
dYdX POL-USD
Injective POL/USDC PERP
GRVT POL_USDT_Perp
OKX POL-USDT-SWAPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter POL | +0.0096% | 1h | 0.1112 | −0.147% | $311K | $559K | 8x | as long as short |
| Hyperliquid POLlong | +0.0100% | 1h | 0.1114 | long leg | $7.5M | $4.6M | 5x | |
| Aster POLUSDT | +0.0100% | 4h | 0.1113 | −0.096% | $370K | $383K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1112 | −0.171% | $17.0M | $51.9M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1111 | −0.207% | $16.0M | $16.5M | 75x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1112 | −0.162% | $1.9M | $1.4M | 75x | as long as short |
| MEXC POL_USDTshort | +0.0100% | 4h | 0.1112 | −0.180% | $23.3M | $4.0M | 125x | |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1112 | −0.180% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1112 | −0.162% | $4.1M | $6.0M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1112 | −0.180% | — | $7.3M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1111 | −0.282% | $656K | $211K | — | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1111 | −0.216% | $93K | $433K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1111 | −0.251% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1113 | −0.114% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1112 | −0.135% | $907K | $167K | 75x | as long as short |
Lighter POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
Gate POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT