Funding you earn now, next payment 04:00 UTC−0.1465%/8h= −160.4% APRpaid last 24h −0.075%
Price spread now: MEXC against Hyperliquid−0.155%7-day average +0.010% · 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−$90as in the Price arb table
costs, in and out, $10k−$730.730% of the position
Funding, last 7 days+0.278%+$28 on $10k
+Price spread, last 7 days+0.075%+$8 · spread now −0.155%, 7d avg +0.010%
=Together, before fees+0.353%+ Points / potential airdropHyperliquid: Season 2 · farm board+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and MEXC is 0.165% cheaper against Hyperliquid than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.010%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.278%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.278% in total (about 14.5% 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 ZETA | 0.06442 | 0.0081 | pay 0.0010% / 1h | 52m 04s | $1.8M | $4.1M | 3x |
| Short | MEXC ZETA_USDT | 0.06432 | −0.1384 | pay 0.0692% / 4h | 52m 04s | $1.3M | $12.6M | 50x |
Hyperliquid ZETA
MEXC ZETA_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
- −$307.7
- Price spread: −0.155% → +0.010%
- −$16.55
- Slippage, 4 orders
- −$59.96
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$397.21
- Costs to cover
- 0.730%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; MEXC: live order book, 1 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, 10 min ago | 3.96 bp | 26.6 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.54 bp | 6.7 bp −$7 | 53.1 bp −$531 | 125.8 bp −$12.6K | doesn't fit |
ZETA on 13 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_ZETAUSD | −0.2174% | 1h | 0.06453 | +0.163% | $51K | $732K | 10x | as long as short |
| KuCoin ZETAUSDTM | −0.1596% | 4h | 0.06445 | +0.047% | $1.2M | $5.8M | 20x | as long as short |
| OKX ZETA-USDT-SWAP | −0.1542% | 4h | 0.06471 | +0.450% | $1.4M | $60.7M | 20x | as long as short |
| MEXC ZETA_USDTshort | −0.1384% | 4h | 0.06432 | −0.155% | $1.3M | $12.6M | 50x | |
| Binance ZETAUSDT | −0.1357% | 4h | 0.06457 | +0.232% | $9.3M | $364.0M | 50x | as long as short |
| BloFin ZETA-USDT | −0.1335% | 4h | 0.06446 | +0.062% | $440K | $1.4M | 50x | as long as short |
| Variational Omni ZETA | −0.1297% | 4h | 0.06386 | −0.862% | $122K | $768K | — | as long as short |
| Gate ZETA_USDT | −0.1098% | 4h | 0.06445 | +0.047% | $667K | $10.6M | 25x | as long as short |
| Bybit ZETAUSDT | −0.0855% | 4h | 0.06460 | +0.279% | $5.7M | $94.1M | 25x | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +0.279% | $1K | $3K | 5.5x | as long as short |
Kraken Futures PF_ZETAUSD
KuCoin ZETAUSDTM
OKX ZETA-USDT-SWAP
Binance ZETAUSDT
BloFin ZETA-USDT
Variational Omni ZETA
Gate ZETA_USDT
Bybit ZETAUSDT
Injective ZETA/USDC PERPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETAlong | +0.0081% | 1h | 0.06442 | long leg | $1.8M | $4.1M | 3x | |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.06469 | +0.419% | $2.5M | $70.7M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.06455 | +0.202% | — | $7.9M | — | as long as short |
Bitget ZETAUSDT
BingX ZETA-USDT