Funding you earn now, next payment 23:00 UTC+0.0752%/8h= +82.3% APRpaid last 24h +0.250%
Price spread now: Hyperliquid against MEXC+0.047%7-day average +0.103% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.330%+$33 on $10k
+Price spread, last 7 days+0.026%+$3 · spread now +0.047%, 7d avg +0.103%
=Together, before fees+0.356%+ Points / potential airdropHyperliquid: Season 2 · farm board+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.056% cheaper against MEXC than usual: you would sell low and buy high (spread +0.047% now, against its 7-day average of +0.103%). If the spread goes back, that is −$6 on $10k: about 6 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.330% in total) that is about 28 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.330% in total (about 17.2% 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 POPCAT_USDT | 0.05496 | 0.0100 | pay 0.0050% / 4h | 1h 12m | $1.9M | $927K | 200x |
| Short | Hyperliquid POPCAT | 0.05499 | 0.0852 | get 0.0106% / 1h | 12m 26s | $2.5M | $1.1M | 3x |
MEXC POPCAT_USDT
Hyperliquid POPCATFunding 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
- $157.9
- Price spread: +0.047% → +0.103%
- −$5.57
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $139.34
- Costs to cover
- 0.130%
- Break-even
- 0.8 days
Slippage unknown: MEXC: live order book, 3 min ago; Hyperliquid: live order book, 9 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, 3 min ago | 6.36 bp | 14.2 bp −$14 | 57.7 bp −$577 | 133.0 bp −$13.3K | 260.4 bp −$130.2K |
| Sell Hyperliquid live order book, 9 min ago | 1.45 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
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 | −0.3374% | 1h | 0.05443 | −0.964% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.0932% | 1h | 0.05484 | −0.221% | $143K | $118K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05490 | −0.109% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05493 | −0.055% | $100K | $45K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05494 | −0.036% | $2.3M | $6.3M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05487 | −0.164% | $8.8M | $5.9M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05488 | −0.146% | $681K | $1.4M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05488 | −0.146% | $432K | $674K | 50x | as long as short |
| MEXC POPCAT_USDTlong | +0.0100% | 4h | 0.05496 | long leg | $1.9M | $927K | 200x | |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05498 | +0.036% | $1.1M | $984K | 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 | 0.05489 | −0.127% | $1.1M | $893K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05488 | −0.146% | — | $6.8M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05487 | −0.158% | $504K | $174K | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05505 | +0.165% | $243K | $468K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05500 | +0.073% | $22K | $645K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05489 | −0.129% | $97K | $440K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05507 | +0.200% | $123K | $283K | 50x | as long as short |
| Hyperliquid POPCATshort | +0.0852% | 1h | 0.05499 | +0.047% | $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