Funding you earn now, next payment 00:00 UTC+0.0216%/8h= +23.7% APRpaid last 24h +0.010%
Price spread now: Hyperliquid against MEXC+0.107%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$500.499% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 7 days+0.034%+$3 · spread now +0.107%, 7d avg +0.091%
=Together, before fees+0.123%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.091%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.089% in total (about 4.7% 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 PYTH_USDT | 0.06326 | −0.0116 | get 0.0058% / 4h | 37m 30s | $9.5M | $2.3M | 125x |
| Short | Hyperliquid PYTH | 0.06333 | 0.0100 | get 0.0013% / 1h | 37m 30s | $1.7M | $1.5M | 5x |
MEXC PYTH_USDT
Hyperliquid PYTHFunding 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
- $45.36
- Price spread: +0.107% → +0.091%
- $1.61
- Slippage, 4 orders
- −$40.86
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$2.88
- Costs to cover
- 0.499%
- Break-even
- 7.4 days
Slippage from MEXC: live order book, 5 min ago; Hyperliquid: 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 MEXC live order book, 5 min ago | 1.58 bp | 6.2 bp −$6 | 15.5 bp −$155 | 83.3 bp −$8,335 | 166.8 bp −$83.4K |
| Sell Hyperliquid live order book, 3 min ago | 1.10 bp | 20.9 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PYTHUSD | −0.0398% | 1h | 0.06336 | +0.161% | $377K | $264K | 25x | as long as short |
| BloFin PYTH-USDT | −0.0130% | 4h | 0.06339 | +0.206% | $423K | $115K | 75x | as long as short |
| Binance PYTHUSDT | −0.0117% | 4h | 0.06324 | −0.030% | $9.0M | $17.1M | 75x | as long as short |
| MEXC PYTH_USDTlong | −0.0116% | 4h | 0.06326 | long leg | $9.5M | $2.3M | 125x | |
| Deribit PYTH_USDC-PERPETUAL | −0.0065% | 1h | 0.06339 | +0.206% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06335 | +0.141% | $188K | $19 | 5x | as long as short |
| Bybit PYTHUSDT | +0.0014% | 4h | 0.06327 | +0.016% | $7.5M | $4.8M | 50x | as long as short |
| Gate PYTH_USDT | +0.0032% | 4h | 0.06324 | −0.032% | $1.1M | $474K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.043% | $553 | $220K | 5.5x | as long as short |
| Aster PYTHUSDT | +0.0040% | 4h | 0.06337 | +0.170% | $22K | $44K | 10x | as long as short |
Kraken Futures PF_PYTHUSD
BloFin PYTH-USDT
Binance PYTHUSDT
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
Bybit PYTHUSDT
Gate PYTH_USDT
Injective PYTH/USDC PERP
Aster PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0056% | 1h | 0.06335 | +0.142% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06336 | +0.158% | $200K | $217K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06322 | −0.069% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTHshort | +0.0100% | 1h | 0.06333 | +0.107% | $1.7M | $1.5M | 5x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06334 | +0.126% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06336 | +0.158% | $1.5M | $313K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06333 | +0.111% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06329 | +0.047% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06342 | +0.248% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06332 | +0.101% | $3K | $1K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06328 | +0.032% | $39K | $6K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06327 | +0.016% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0559% | 1h | 0.06340 | +0.217% | $36K | $89K | 10x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP