Funding you earn now, next payment 05:00 UTC−0.0227%/8h= −24.9% APRpaid last 24h −0.031%
Price spread now: MEXC against Hyperliquid−0.141%7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$580.580% of the position
Funding, last 7 days−0.161%−$16 on $10k
+Price spread, last 7 days+0.086%+$9 · spread now −0.141%, 7d avg −0.107%
=Together, before fees−0.075%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.034% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.107%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SPX | 0.5175 | 0.0327 | pay 0.0041% / 1h | 33m 20s | $10.6M | $7.8M | 5x |
| Short | MEXC SPX_USDT | 0.5168 | 0.0100 | get 0.0050% / 4h | 3h 33m | $11.9M | $5.0M | 100x |
Hyperliquid SPX
MEXC SPX_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
- −$47.67
- Price spread: −0.141% → −0.107%
- −$3.44
- Slippage, 4 orders
- −$44.96
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$109.06
- Costs to cover
- 0.580%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; MEXC: live order book, 5 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, 9 min ago | 2.03 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.93 bp | 10.6 bp −$11 | 33.7 bp −$337 | 167.1 bp −$16.7K | doesn't fit |
SPX on 19 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 SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −3.793% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5175 | −0.008% | $141K | $359K | 5x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5168 | −0.141% | $5.2M | $22.1M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5165 | −0.199% | $11.8M | $16.9M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5167 | −0.160% | $943K | $3.1M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5164 | −0.218% | $1.0M | $583K | 50x | as long as short |
| MEXC SPX_USDTshort | +0.0100% | 4h | 0.5168 | −0.141% | $11.9M | $5.0M | 100x | |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5168 | −0.141% | $3.7M | $5.3M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5176 | +0.014% | $2.7M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5166 | −0.180% | — | $6.9M | — | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SPX | +0.0100% | 4h | 0.5168 | −0.149% | $964K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5201 | +0.497% | $26K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5165 | −0.199% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5168 | −0.141% | $36K | $250K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0208% | 4h | 0.5173 | −0.044% | $21K | $599 | 10x | as long as short |
| Aster SPXUSDT | +0.0259% | 4h | 0.5168 | −0.141% | $138K | $129K | 10x | as long as short |
| Hyperliquid SPXlong | +0.0327% | 1h | 0.5175 | long leg | $10.6M | $7.8M | 5x | |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5166 | −0.180% | $252K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1214% | 1h | 0.5183 | +0.142% | $253K | $558K | 20x | as long as short |
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
Aster SPXUSDT
BloFin SPX-USDT
Kraken Futures PF_SPXUSD