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Funding arb · Price arb /

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Alert: spread
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Funding you earn now, next payment 01:00 UTC−0.0458%/8h= −50.2% APRpaid last 24h −0.050%
Price spread now: MEXC against Hyperliquid−0.001%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Long on HyperliquidShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days−0.223%−$22 on $10k
Price spread, last 7 days−0.070%−$7 · spread now −0.001%, 7d avg −0.082%
Together, before fees−0.294%+ Points / potential airdropHyperliquid: Season 2 · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.081% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.082%): +$8 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.223% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.223% in total (about -11.6% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid UNI9.21010.0558pay 0.0070% / 1h20m 18s$101.5M$59.8M10x
ShortMEXC UNI_USDT9.21000.0100get 0.0100% / 8h7h 20m$46.2M$24.3M200x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$96.23
Price spread: −0.001% → −0.082%
$8.14
Slippage, 4 orders
−$7.55
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$108.64
Costs to cover
0.206%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; MEXC: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 3 min ago1.40 bp7.8 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago0.54 bp2.5 bp −$32.5 bp −$254.7 bp −$46545.9 bp −$22.9K

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit UNI_USDC-PERPETUAL0.0000%1h9.2067−0.037%$595K$185K50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h9.2051−0.055%$39K—150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−4.127%$660$154K12xas long as short
01 Exchange UNIUSD+0.0072%1h9.2065−0.039%$459—10xas long as short
Nado UNI-PERP+0.0100%1h9.1955−0.159%$1.0M$4.3M10xas long as short
Aster UNIUSDT+0.0100%8h9.2015−0.094%$1.1M$2.9M50xas long as short
Pacifica UNI+0.0100%1h9.2009−0.099%$307K$586K10xas long as short
Binance UNIUSDT+0.0100%8h9.2050−0.055%$231.0M$603.1M75xas long as short
Bybit UNIUSDT+0.0100%8h9.2030−0.077%$103.8M$107.9M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h9.2000−0.110%$56.7M$258.7M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus UNI-USD+0.0100%1h9.2100−0.001%$284K$626K10xas long as short
Gate UNI_USDT+0.0100%8h9.2050−0.055%$23.6M$60.0M75xas long as short
MEXC UNI_USDTshort+0.0100%8h9.2100−0.001%$46.2M$24.3M200x
KuCoin UNIUSDTM+0.0100%8h9.1980−0.131%$13.7M$13.6M75xas long as short
Bitget UNIUSDT+0.0100%8h9.1960−0.153%$34.0M$43.1M75xas long as short
BingX UNI-USDT+0.0100%8h9.2060−0.045%—$56.7M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h9.2067−0.037%$1.0M$2.4M10xas long as short
Variational Omni UNI+0.0100%8h9.2000−0.110%$4.2M$4.4M—as long as short
edgeX UNIUSDC+0.0100%4h9.2914+0.883%$175K$344K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h9.2775+0.732%$648K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h9.2790+0.748%$91K$707K50xas long as short
StandX UNI-USD+0.0100%1h9.2070−0.034%$57K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h9.2048−0.058%$85K$384K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h9.2020−0.088%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h9.2115+0.015%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h9.2002−0.107%$22K$717K10xas long as short
HTX UNI-USDT+0.0100%8h9.2068−0.036%$727K$4.4M75xas long as short
Phemex UNIUSDT+0.0100%8h9.1950−0.164%$27.7M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h9.1899−0.219%$26K—20xas long as short
Extended UNI-USD+0.0104%1h9.1979−0.132%$312K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h9.2040−0.066%$33K—3xas long as short
dYdX UNI-USD+0.0117%1h9.2001−0.109%$242K$20K10xas long as short
BloFin UNI-USDT+0.0220%8h9.2020−0.088%$10.3M$3.6M75xas long as short
Coinbase International UNI-PERP-INTX+0.0272%1h9.2130+0.031%$1.1M$4.9M50xas long as short
Reya UNIRUSDPERP+0.0366%1h9.1968−0.144%$17K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0323%1h9.2063−0.041%$581K—120xas long as short
Kraken Futures PF_UNIUSD+0.0381%1h9.2081−0.021%$5.1M$7.1M50xas long as short
Hyperliquid UNIlong+0.0558%1h9.2101long leg$101.5M$59.8M10x
Lighter UNI+0.0968%1h9.2084−0.018%$4.7M$5.3M15xas long as short
Aftermath Perps UNIUSD+0.1035%1h9.2424+0.350%$935$49K10xas long as short