Funding you earn now, next payment 22:00 UTC−0.1095%/8h= −119.9% APRpaid last 24h −0.016%
Price spread now: MEXC against Hyperliquid−0.125%7-day average +0.045% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 7 days+0.127%+$13 · spread now −0.125%, 7d avg +0.045%
=Together, before fees+0.018%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and MEXC is 0.170% cheaper against Hyperliquid than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.045%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.109% in total (about -5.7% 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 XMR | 592.49 | 0.1477 | pay 0.0185% / 1h | 51m 29s | $85.9M | $65.0M | 5x |
| Short | MEXC XMR_USDT | 591.75 | 0.0382 | get 0.0382% / 8h | 2h 51m | $22.7M | $15.1M | 100x |
Hyperliquid XMR
MEXC XMR_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
- −$229.9
- Price spread: −0.125% → +0.045%
- −$16.97
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$259.86
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 12 min ago; MEXC: live order book, 2 min ago. Net counts fees only.
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, 12 min ago | 1.60 bp | 8.5 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.09 bp | 8.1 bp −$8 | 29.0 bp −$290 | 58.9 bp −$5,888 | 206.4 bp −$103.2K |
XMR on 31 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XMR-USD | 0.0000% | 1h | 589.69 | −0.473% | $107K | $49K | 5x | as long as short |
| gTrade (Gains Network) XMR/USD | L +0.0010% / S −0.0009% | 1h | 591.38 | −0.188% | $45K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 554.47 | −6.417% | $3K | $5K | 12x | as long as short |
| Bybit XMRUSDT | +0.0100% | 8h | 591.40 | −0.184% | $47.3M | $60.6M | 75x | as long as short |
| Backpack XMR_USDC_PERP | +0.0100% | 1h | 589.61 | −0.486% | $209K | $556K | 20x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 590.27 | −0.374% | $1.0M | $672K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 589.30 | −0.538% | $2K | $1.9M | 20x | as long as short |
| Aevo XMR-PERP | +0.0176% | 1h | 590.69 | −0.304% | $12K | — | 3x | as long as short |
| SoDEX XMR-USD | +0.0193% | 1h | 590.20 | −0.387% | $449K | $4K | 5x | as long as short |
| Polymarket Perps XMR-USD | +0.0199% | 1h | 591.77 | −0.122% | $24K | $1.8M | 5x | as long as short |
dYdX XMR-USD
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
Bybit XMRUSDT
Backpack XMR_USDC_PERP
edgeX XMRUSDC
SunX XMR-USDT
Aevo XMR-PERP
SoDEX XMR-USD
Polymarket Perps XMR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XMR | +0.0208% | 1h | 590.95 | −0.259% | $3.5M | $6.6M | 10x | as long as short |
| Gate XMR_USDT | +0.0322% | 8h | 590.84 | −0.278% | $1.6M | $4.5M | 50x | as long as short |
| Variational Omni XMR | +0.0332% | 8h | 590.44 | −0.346% | $6.9M | $2.8M | — | as long as short |
| Binance XMRUSDT | +0.0380% | 8h | 591.68 | −0.136% | $54.3M | $161.7M | 75x | as long as short |
| MEXC XMR_USDTshort | +0.0382% | 8h | 591.75 | −0.125% | $22.7M | $15.1M | 100x | |
| BingX XMR-USDT | +0.0394% | 8h | 591.42 | −0.181% | — | $5.8M | — | as long as short |
| Bitget XMRUSDT | +0.0405% | 8h | 591.95 | −0.091% | $9.8M | $13.9M | 50x | as long as short |
| BloFin XMR-USDT | +0.0539% | 8h | 589.91 | −0.435% | $2.8M | $11.2M | 75x | as long as short |
| Aster XMRUSDT | +0.0567% | 8h | 590.14 | −0.397% | $666K | $2.4M | 75x | as long as short |
| Nado XMR-PERP | +0.0580% | 1h | 591.60 | −0.151% | $1.3M | $477K | 10x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0617% | 1h | 589.31 | −0.536% | $5.5M | $20.3M | 50x | as long as short |
| Pacifica XMR | +0.0619% | 1h | 591.27 | −0.207% | $268K | $1.1M | 10x | as long as short |
| KuCoin XMRUSDTM | +0.0619% | 8h | 591.75 | −0.125% | $49.2M | $25.4M | 50x | as long as short |
| GRVT XMR_USDT_Perp | +0.0647% | 8h | 590.56 | −0.326% | $346K | $798K | 10x | as long as short |
| Paradex XMR-USD-PERP | +0.0739% | 8h | 591.55 | −0.158% | $8K | $4K | 20x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0839% / S −0.1411% | 1h | 591.17 | −0.223% | $352K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.0871% | 8h | 590.34 | −0.363% | $48K | $729K | 10x | as long as short |
| Extended XMR-USD | +0.1080% | 1h | 591.24 | −0.211% | $3.1M | $6.8M | 25x | as long as short |
| Hyperliquid XMRlong | +0.1477% | 1h | 592.49 | long leg | $85.9M | $65.0M | 5x | |
| Aftermath Perps XMRUSD | +0.2228% | 1h | 590.57 | −0.324% | $1K | $47K | 10x | as long as short |
| HTX XMR-USDT | +0.2283% | 8h | 590.23 | −0.381% | $1.1M | $1.4M | 20x | as long as short |
Lighter XMR
Gate XMR_USDT
Variational Omni XMR
Binance XMRUSDT
BingX XMR-USDT
Bitget XMRUSDT
BloFin XMR-USDT
Aster XMRUSDT
Nado XMR-PERP
Kraken Futures PF_XMRUSD
Pacifica XMR
KuCoin XMRUSDTM
GRVT XMR_USDT_Perp
Paradex XMR-USD-PERP
GMX XMR/USD [WBTC.b-USDC]
Orderly PERP_XMR_USDC
Extended XMR-USD
Aftermath Perps XMRUSD
HTX XMR-USDT