HPQ

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	MEXCHPQSTOCK_USDT	32.160	+0.1456	pay 0.1456% / 8h	7h 41m	$2.3M	$90K	20x	Long MEXC
SHORT	BitgetHPQUSDT	32.115	0	0.0000% / 8h	7h 41m	$120K	$29K	20x	Short Bitget

Price gap−0.140%

Funding gap−0.1456% /8h

Both sides work against this direction now: funding costs $44 a day on $10k and the gap is 0.106% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$60−0.1456% /8h now · paid −0.602% over the last 7D

Price−$11spread −0.140% now, avg −0.034% → −0.106% if it goes back

Costs−$1561.558% of $10k · taker + slippage, in and out

Result−$227−2.27%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.602% in total, about −0.0287%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.140%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

HPQ on 3 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size47.8 / 41.4 bp
At $10k entering MEXC costs 47.8 bp, fee and slippage, 1.2× Bitget’s.
Note: Margin at max leverage$500 + $500
MEXC 20x, Bitget 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$43.68Long MEXC: 3 payments, −$43.68; short Bitget: 3 payments, $0.00.
Watch: Gap narrower than usual−0.140% vs −0.034%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$120K vs $2.3M OI
Bitget sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCMEXC Yes · Bitget Yes
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0287%/8h × 21 periods−$60.18

Price spread−0.140% → −0.034% (7d avg)−$10.60

Slippage, 4 orderslive order books−$139.77

Fee MEXC bp × 2 orders−$4.00

Fee Bitget bp × 2 orders−$12.00

Net · 7 days · $10k−$226.55

Costs to cover1.558%Break-evennever at this rate

Slippage: MEXC: live order book, 1 min ago; Bitget: live order book, 28 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGMEXC29.5947.8 bp−$48175.5 bp−$1,755234.4 bp−$23.4Kdoesn’t fit

SELL · SHORTBitget14.3341.4 bp−$4148.3 bp−$483doesn’t fitdoesn’t fit

Closing costs about the same again.

HPQ