Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0112%/8hpaid last 24h −0.096%

Price spread now: MEXC against Hyperliquid−0.171%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.325%−$32 on $10k

Price spread, last 7 days+0.107%+$11 · spread now −0.171%, 7d avg −0.101%

Together, before fees−0.218%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.070% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.101%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ARB	0.2285	0.0100	pay 0.0013% / 1h	6m 58s	$42.2M	$51.2M	10x
Short	MEXC ARB_USDT	0.2281	−0.0012	pay 0.0012% / 8h	4h 06m	$39.4M	$63.2M	200x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee MEXCbpOrdersPrice spread, now −0.171%Rate

Funding earned: −$23.52
Price spread: −0.171% → −0.101%: −$6.99
Slippage, 4 orders: −$11.11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$50.62
Costs to cover: 0.201%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 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, 11 min ago	0.88 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.22 bp	0.6 bp −$1	22.7 bp −$227	49.2 bp −$4,924	81.2 bp −$40.6K

ARB on 36 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
Injective ARB/USDC PERP	−0.1732%	1h	0.2276	−0.390%	$41K	$157K	12x	as long as short
Bybit ARBUSDT	−0.0308%	8h	0.2281	−0.179%	$59.5M	$131.3M	50x	as long as short
SoDEX ARB-USD	−0.0204%	1h	0.2282	−0.140%	$5K	$2.8M	5x	as long as short
Variational Omni ARB	−0.0144%	8h	0.2274	−0.467%	$1.9M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0120%	1h	0.2283	−0.083%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0026%	1h	0.2283	−0.086%	$1.1M	$5.1M	50x	as long as short
Polymarket Perps ARB-USD	−0.0018%	1h	0.2283	−0.105%	$70K	$2.4M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0014%	8h	0.2281	−0.193%	$23.7M	$166.9M	50x	as long as short
MEXC ARB_USDTshort	−0.0012%	8h	0.2281	−0.171%	$39.4M	$63.2M	200x
dYdX ARB-USD	0.0000%	1h	0.2281	−0.171%	$67K	$4K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2284	−0.053%	$37K	$18K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2284	−0.041%	$61K	—	150x	as long as short
Orderly PERP_ARB_USDC	+0.0009%	8h	0.2282	−0.127%	$11K	$387K	10x	as long as short
Extended ARB-USD	+0.0064%	1h	0.2280	−0.199%	$363K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0064%	8h	0.2282	−0.138%	$65.1M	$318.5M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2284	−0.048%	$1.4M	$7.6M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2284	−0.055%	$152K	$9K	3x	as long as short
Hyperliquid ARBlong	+0.0100%	1h	0.2285	long leg	$42.2M	$51.2M	10x
Aster ARBUSDT	+0.0100%	8h	0.2283	−0.068%	$719K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2281	−0.151%	$54K	$194K	10x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2282	−0.109%	$5.6M	$21.6M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2284	−0.057%	$21.4M	$17.2M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2281	−0.171%	$21.5M	$38.1M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2279	−0.249%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2276	−0.384%	$39K	$448K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2277	−0.346%	$488K	$4.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2276	−0.390%	$126K	$272K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2282	−0.127%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2284	−0.053%	$282K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2282	−0.127%	$5.6M	$14.0M	50x	as long as short
BloFin ARB-USDT	+0.0184%	8h	0.2281	−0.149%	$3.2M	$3.1M	75x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2281	−0.159%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0315% / S −0.0212%	1h	0.2284	−0.043%	$894K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0328%	1h	0.2285	+0.004%	$511K	$2.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0550%	1h	0.2286	+0.044%	$975K	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0564%	1h	0.2285	+0.025%	$545K	$2.9M	10x	as long as short