Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: MEXC against Hyperliquid−0.025%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$450.452% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now −0.025%, 7d avg −0.090%
=Together, before fees−0.086%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.065% dearer against Hyperliquid than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.090%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid AXS | 1.0642 | 0.0100 | pay 0.0013% / 1h | 19m 53s | $256K | $705K | 5x |
| Short | MEXC AXS_USDT | 1.0639 | 0.0100 | get 0.0050% / 4h | 19m 53s | $11.5M | $705K | 50x |
Hyperliquid AXS
MEXC AXS_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
- $0
- Price spread: −0.025% → −0.090%
- $6.48
- Slippage, 4 orders
- −$32.18
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$38.7
- Costs to cover
- 0.452%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 30 min ago; MEXC: live order book, 3 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, 30 min ago | 0.93 bp | 19.7 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.47 bp | 2.9 bp −$3 | 27.4 bp −$274 | 57.6 bp −$5,760 | 88.9 bp −$44.5K |
AXS on 20 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 AXS/USDC PERP | +0.0033% | 1h | 1.0580 | −0.580% | $1K | $48K | 5.5x | as long as short |
| BloFin AXS-USDT | +0.0084% | 4h | 1.0619 | −0.213% | $281K | $29K | 75x | as long as short |
| Orderly PERP_AXS_USDC | +0.0094% | 4h | 1.0630 | −0.110% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0659 | +0.163% | $36K | $43K | 5x | as long as short |
| Hyperliquid AXSlong | +0.0100% | 1h | 1.0642 | long leg | $256K | $705K | 5x | |
| Aster AXSUSDT | +0.0100% | 4h | 1.0638 | −0.032% | $72K | $17K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0634 | −0.076% | $5.9M | $10.9M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0638 | −0.035% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0639 | −0.025% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0629 | −0.119% | $840K | $535K | 50x | as long as short |
Injective AXS/USDC PERP
BloFin AXS-USDT
Orderly PERP_AXS_USDC
Lighter AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AXS_USDTshort | +0.0100% | 4h | 1.0639 | −0.025% | $11.5M | $705K | 50x | |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0630 | −0.110% | $586K | $290K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0640 | −0.016% | $3.1M | $1.2M | 50x | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0621 | −0.193% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0620 | −0.204% | $760K | $888K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0630 | −0.110% | $2K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0632 | −0.091% | $762 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0633 | −0.081% | $8K | $251K | 10x | as long as short |
| BingX AXS-USDT | +0.0200% | 4h | 1.0634 | −0.072% | — | $2.6M | — | as long as short |
| Kraken Futures PF_AXSUSD | +0.0651% | 1h | 1.0642 | +0.003% | $145K | $351K | 20x | as long as short |
KuCoin AXSUSDTM
Bitget AXSUSDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BingX AXS-USDT
Kraken Futures PF_AXSUSD