Funding you earn now, next payment 08:00 UTC−0.0206%/8h= −22.5% APRpaid last 24h −0.015%
Price spread now: MEXC against Hyperliquid−0.164%7-day average −0.089% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 7 days+0.205%+$20 · spread now −0.164%, 7d avg −0.089%
=Together, before fees+0.153%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.075% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.089%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.051% in total (about -2.7% 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 ZORA | 0.008542 | 0.0306 | pay 0.0038% / 1h | 52m 38s | $1.6M | $318K | 3x |
| Short | MEXC ZORA_USDT | 0.008528 | 0.0100 | get 0.0050% / 4h | 52m 38s | $9.9M | $226K | 50x |
Hyperliquid ZORA
MEXC ZORA_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
- −$43.25
- Price spread: −0.164% → −0.089%
- −$7.5
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$63.75
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; MEXC: live order book, 5 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, 8 min ago | 2.34 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 2.93 bp | 18.8 bp −$19 | 82.1 bp −$821 | 253.6 bp −$25.4K | doesn't fit |
ZORA 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZORA-USD | 0.0000% | 1h | 0.008542 | −0.002% | $295 | $19 | 5x | as long as short |
| BingX ZORA-USDT | +0.0070% | 4h | 0.008522 | −0.234% | — | $6.5M | — | as long as short |
| Lighter ZORA | +0.0096% | 1h | 0.008528 | −0.164% | $21K | $19K | 3x | as long as short |
| Aster ZORAUSDT | +0.0100% | 4h | 0.008529 | −0.153% | $26K | $15K | 5x | as long as short |
| Binance ZORAUSDT | +0.0100% | 4h | 0.008525 | −0.202% | $2.5M | $4.5M | 50x | as long as short |
| Bybit ZORAUSDT | +0.0100% | 4h | 0.008501 | −0.480% | $2.4M | $1.8M | 25x | as long as short |
| OKX ZORA-USDT-SWAP | +0.0100% | 4h | 0.008511 | −0.363% | $769K | $1.0M | 10x | as long as short |
| Gate ZORA_USDT | +0.0100% | 4h | 0.008530 | −0.140% | $157K | $89K | 25x | as long as short |
| MEXC ZORA_USDTshort | +0.0100% | 4h | 0.008528 | −0.164% | $9.9M | $226K | 50x | |
| KuCoin ZORAUSDTM | +0.0100% | 4h | 0.008531 | −0.129% | $755K | $1.6M | 30x | as long as short |
dYdX ZORA-USD
BingX ZORA-USDT
Lighter ZORA
Aster ZORAUSDT
Binance ZORAUSDT
Bybit ZORAUSDT
OKX ZORA-USDT-SWAP
Gate ZORA_USDT
KuCoin ZORAUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZORAUSDT | +0.0100% | 4h | 0.008523 | −0.222% | $697K | $305K | 25x | as long as short |
| Backpack ZORA_USDC_PERP | +0.0100% | 1h | 0.008523 | −0.222% | $37K | $107K | 10x | as long as short |
| Variational Omni ZORA | +0.0100% | 4h | 0.008497 | −0.528% | $127K | $25K | — | as long as short |
| SunX ZORA-USDT | +0.0100% | 4h | 0.008710 | +1.967% | $1K | $1.4M | 20x | as long as short |
| Extended ZORA-USD | +0.0104% | 1h | 0.008529 | −0.152% | $8K | $200K | 5x | as long as short |
| GMX ZORA/USD [ETH-USDC] | L +0.0231% / S −0.0433% | 1h | 0.008520 | −0.258% | $1K | — | 100x | as long as short |
| Hyperliquid ZORAlong | +0.0306% | 1h | 0.008542 | long leg | $1.6M | $318K | 3x |
Bitget ZORAUSDT
Backpack ZORA_USDC_PERP
Variational Omni ZORA
SunX ZORA-USDT
Extended ZORA-USD
GMX ZORA/USD [ETH-USDC]