Funding you earn now, next payment 22:00 UTC−0.1353%/8h= −148.1% APRpaid last 24h −0.233%
Price spread now: MEXC against Hyperliquid−0.195%7-day average −0.103% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.313%−$31 on $10k
+Price spread, last 7 days+0.117%+$12 · spread now −0.195%, 7d avg −0.103%
=Together, before fees−0.196%+ Points / potential airdropHyperliquid: Season 2 · farm board−$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and MEXC is 0.091% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.103%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.313% in total (about -16.3% 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 POPCAT | 0.05498 | 0.1453 | pay 0.0182% / 1h | 36m 18s | $2.5M | $1.1M | 3x |
| Short | MEXC POPCAT_USDT | 0.05487 | 0.0100 | get 0.0050% / 4h | 2h 36m | $1.9M | $911K | 200x |
Hyperliquid POPCAT
MEXC POPCAT_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
- −$284.07
- Price spread: −0.195% → −0.103%
- −$9.14
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$306.21
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; MEXC: live order book, just now. 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, 5 min ago | 1.55 bp | 21.6 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, just now | 5.46 bp | 16.5 bp −$17 | 66.4 bp −$664 | 140.8 bp −$14.1K | 268.6 bp −$134.3K |
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERP | −0.4569% | 1h | 0.05434 | −1.159% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.1070% | 1h | 0.05479 | −0.342% | $140K | $114K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05487 | −0.202% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05486 | −0.213% | $100K | $45K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05488 | −0.176% | $2.3M | $6.3M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05480 | −0.322% | $8.8M | $5.8M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05485 | −0.231% | $674K | $1.4M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05477 | −0.377% | $415K | $673K | 50x | as long as short |
| MEXC POPCAT_USDTshort | +0.0100% | 4h | 0.05487 | −0.195% | $1.9M | $911K | 200x | |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05486 | −0.213% | $1.1M | $992K | 50x | as long as short |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSD
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05485 | −0.231% | $1.1M | $884K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05482 | −0.286% | — | $6.8M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05482 | −0.285% | $502K | $174K | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05495 | −0.049% | $244K | $501K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05490 | −0.140% | $22K | $641K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05486 | −0.210% | $97K | $440K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05479 | −0.340% | $124K | $281K | 50x | as long as short |
| Hyperliquid POPCATlong | +0.1453% | 1h | 0.05498 | long leg | $2.5M | $1.1M | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDT
Variational Omni POPCAT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT