Funding you earn now, next payment 03:00 UTC−0.0186%/8h= −20.4% APRpaid last 24h −0.027%
Price spread now: MEXC against Hyperliquid−0.122%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$380.385% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 7 days+0.147%+$15 · spread now −0.122%, 7d avg −0.043%
=Together, before fees+0.086%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.080% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.043%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% 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 | Hyperliquid STX | 0.3351 | 0.0286 | pay 0.0036% / 1h | 44m 35s | $1.4M | $747K | 5x |
| Short | MEXC STX_USDT | 0.3347 | 0.0100 | get 0.0100% / 8h | 5h 44m | $6.0M | $1.2M | 50x |
Hyperliquid STX
MEXC STX_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
- −$39.14
- Price spread: −0.122% → −0.043%
- −$7.96
- Slippage, 4 orders
- −$25.47
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$85.57
- Costs to cover
- 0.385%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; MEXC: 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 Hyperliquid live order book, 6 min ago | 1.79 bp | 15.2 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.50 bp | 8.9 bp −$9 | 25.6 bp −$256 | 118.7 bp −$11.9K | 156.0 bp −$78.0K |
STX 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STXUSD | −0.0767% | 1h | 0.3346 | −0.139% | $69K | $114K | 20x | as long as short |
| Variational Omni STX | −0.0339% | 8h | 0.3334 | −0.513% | $763K | $255K | — | as long as short |
| Gate STX_USDT | −0.0006% | 8h | 0.3345 | −0.182% | $593K | $343K | 50x | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3343 | −0.237% | — | — | 150x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3463 | +3.339% | $4K | $264K | 12x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3349 | −0.055% | $126K | $57K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3346 | −0.144% | $7.7M | $18.2M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3344 | −0.218% | $8.5M | $6.6M | 75x | as long as short |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3346 | −0.152% | $2.3M | $5.4M | 20x | as long as short |
| MEXC STX_USDTshort | +0.0100% | 8h | 0.3347 | −0.122% | $6.0M | $1.2M | 50x |
Kraken Futures PF_STXUSD
Variational Omni STX
Gate STX_USDT
gTrade (Gains Network) STX/USD
Injective STX/USDC PERP
Aster STXUSDT
Binance STXUSDT
Bybit STXUSDT
OKX STX-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3345 | −0.182% | $2.4M | $1.5M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3343 | −0.242% | $4.6M | $2.0M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3344 | −0.212% | — | $13.6M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3344 | −0.212% | $49K | $688K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3347 | −0.131% | $176K | $620K | 10x | as long as short |
| BloFin STX-USDT | +0.0129% | 8h | 0.3344 | −0.212% | — | $214K | 20x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0188% / S −0.0263% | 1h | 0.3344 | −0.219% | $4K | — | 100x | as long as short |
| Hyperliquid STXlong | +0.0286% | 1h | 0.3351 | long leg | $1.4M | $747K | 5x |
KuCoin STXUSDTM
Bitget STXUSDT
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
BloFin STX-USDT
GMX STX/USD [WBTC.b-USDC]