Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: MEXC against Hyperliquid−0.043%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$750.747% of the position
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 7 days−0.084%−$8 · spread now −0.043%, 7d avg −0.030%
=Together, before fees−0.099%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid W | 0.01174 | 0.0100 | pay 0.0013% / 1h | 13m 30s | $2.0M | $455K | 5x |
| Short | MEXC W_USDT | 0.01174 | 0.0100 | get 0.0050% / 4h | 2h 13m | $12.8M | $1.8M | 50x |
Hyperliquid W
MEXC W_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
- $0
- Price spread: −0.043% → −0.030%
- −$1.21
- Slippage, 4 orders
- −$61.66
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$75.87
- Costs to cover
- 0.747%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 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, 7 min ago | 4.25 bp | 24.3 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 2.98 bp | 9.6 bp −$10 | 55.5 bp −$555 | 84.0 bp −$8,404 | 136.3 bp −$68.1K |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.1025% | 1h | 0.01175 | +0.085% | $17K | $1K | 10x | as long as short |
| OKX W-USDT-SWAP | +0.0025% | 4h | 0.01172 | −0.145% | $1.3M | $2.1M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.981% | $1K | $1K | 12x | as long as short |
| Hyperliquid Wlong | +0.0100% | 1h | 0.01174 | long leg | $2.0M | $455K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01173 | −0.082% | $3.0M | $7.1M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01172 | −0.170% | $4.1M | $2.0M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01176 | +0.196% | $446K | $301K | 75x | as long as short |
| MEXC W_USDTshort | +0.0100% | 4h | 0.01174 | −0.043% | $12.8M | $1.8M | 50x | |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01173 | −0.085% | $416K | $217K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01176 | +0.170% | $1.3M | $587K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Injective W/USDC PERP
Binance WUSDT
Bybit WUSDT
Gate W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01173 | −0.077% | — | $6.9M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01176 | +0.136% | $44K | $47K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01173 | −0.077% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01176 | +0.170% | $123K | $409K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01173 | −0.053% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0296% | 1h | 0.01178 | +0.341% | $14K | $18K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0619% | 1h | 0.01177 | +0.238% | $146K | $185K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD