Funding you earn now, next payment 02:00 UTC+0.0055%/8h= +6.1% APRpaid last 24h +0.213%
Price spread now: Hyperliquid against MEXC+0.106%7-day average +0.161% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$460.460% of the position
Funding, last 7 days+0.405%+$41 on $10k
+Price spread, last 7 days+0.037%+$4 · spread now +0.106%, 7d avg +0.161%
=Together, before fees+0.442%+ Points / potential airdropHyperliquid: Season 2 · farm board+$44 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.055% cheaper against MEXC than usual: you would sell low and buy high (spread +0.106% now, against its 7-day average of +0.161%). If the spread goes back, that is −$6 on $10k: about 3.3 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.405% in total) that is about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SKY_USDT | 0.06971 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $1.0M | $266K | 100x |
| Short | Hyperliquid SKY | 0.06978 | 0.0155 | get 0.0019% / 1h | 55m 12s | $2.9M | $906K | 3x |
MEXC SKY_USDT
Hyperliquid SKYFunding 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
- $11.65
- Price spread: +0.106% → +0.161%
- −$5.5
- Slippage, 4 orders
- −$32.98
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$39.82
- Costs to cover
- 0.460%
- Break-even
- 30.9 days
Slippage from MEXC: live order book, 6 min ago; Hyperliquid: live order book, 6 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, 6 min ago | 0.71 bp | 8.4 bp −$8 | 43.6 bp −$436 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 5.27 bp | 14.0 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
SKY 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0556% | 4h | 0.06957 | −0.195% | $200K | $118K | — | as long as short |
| Bybit SKYUSDT | −0.0210% | 4h | 0.06970 | −0.014% | $7.4M | $3.4M | 25x | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +2.883% | $392 | $303K | 12x | as long as short |
| BloFin SKY-USDT | +0.0093% | 4h | 0.06985 | +0.201% | $594K | $29K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06966 | −0.067% | $182K | $181K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06967 | −0.057% | $70K | $28K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06969 | −0.027% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06971 | +0.002% | $16.0M | $11.0M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06965 | −0.086% | $836K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06960 | −0.158% | $584K | $263K | 50x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Injective SKY/USDC PERP
BloFin SKY-USDT
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDTlong | +0.0100% | 4h | 0.06971 | long leg | $1.0M | $266K | 100x | |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06970 | −0.014% | $409K | $294K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06968 | −0.043% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06965 | −0.086% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06993 | +0.316% | $24K | $679K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06969 | −0.027% | $935 | $3K | 10x | as long as short |
| Hyperliquid SKYshort | +0.0155% | 1h | 0.06978 | +0.106% | $2.9M | $906K | 3x | |
| GMX SKY/USD [ETH-USDC] | L +0.0526% / S −0.0248% | 1h | 0.06969 | −0.030% | $83K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]