Funding you earn now, next payment 03:00 UTC+0.0186%/8h= +20.4% APRpaid last 24h +0.027%
Price spread now: Hyperliquid against MEXC+0.122%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as 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−0.087%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.080% dearer against MEXC than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.043%.
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 | MEXC STX_USDT | 0.3347 | 0.0100 | pay 0.0100% / 8h | 5h 44m | $6.0M | $1.2M | 50x |
| Short | Hyperliquid STX | 0.3351 | 0.0286 | get 0.0036% / 1h | 44m 34s | $1.4M | $747K | 5x |
MEXC STX_USDT
Hyperliquid STXFunding 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
- $39.14
- Price spread: +0.122% → +0.043%
- $7.98
- Slippage, 4 orders
- −$25.47
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $8.64
- Costs to cover
- 0.385%
- Break-even
- 5.5 days
Slippage from MEXC: live order book, 3 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, 3 min ago | 1.50 bp | 4.7 bp −$5 | 17.2 bp −$172 | 126.6 bp −$12.7K | 168.9 bp −$84.5K |
| Sell Hyperliquid live order book, 6 min ago | 1.79 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.016% | $69K | $114K | 20x | as long as short |
| Variational Omni STX | −0.0339% | 8h | 0.3334 | −0.391% | $763K | $255K | — | as long as short |
| Gate STX_USDT | −0.0006% | 8h | 0.3345 | −0.060% | $593K | $343K | 50x | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3343 | −0.115% | — | — | 150x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3463 | +3.466% | $4K | $264K | 12x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3349 | +0.067% | $126K | $57K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3346 | −0.022% | $7.7M | $18.2M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3344 | −0.096% | $8.5M | $6.6M | 75x | as long as short |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3346 | −0.030% | $2.3M | $5.4M | 20x | as long as short |
| MEXC STX_USDTlong | +0.0100% | 8h | 0.3347 | long leg | $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 | −0.060% | $2.4M | $1.5M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3343 | −0.120% | $4.6M | $2.0M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3344 | −0.090% | — | $13.6M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3344 | −0.090% | $49K | $688K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3347 | −0.009% | $176K | $620K | 10x | as long as short |
| BloFin STX-USDT | +0.0129% | 8h | 0.3344 | −0.090% | — | $214K | 20x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0188% / S −0.0263% | 1h | 0.3344 | −0.097% | $4K | — | 100x | as long as short |
| Hyperliquid STXshort | +0.0286% | 1h | 0.3351 | +0.122% | $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]