Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%
Price spread now: Hyperliquid against MEXC+0.106%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$130.131% of the position
Funding, last 7 days+0.065%+$7 on $10k
+Price spread, last 7 days−0.097%−$10 · spread now +0.106%, 7d avg +0.043%
=Together, before fees−0.031%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 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: Hyperliquid is 0.063% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.043%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BTC_USDT | 85,515.3 | 0.0100 | pay 0.0100% / 8h | 3h 28m | $5.08B | $5.66B | 500x |
| Short | Hyperliquid BTC | 85,606 | 0.0100 | get 0.0013% / 1h | 28m 39s | $3.79B | $5.02B | 40x |
MEXC BTC_USDT
Hyperliquid BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against MEXC. 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: +0.106% → +0.043%
- $6.34
- Slippage, 4 orders
- −$0.13
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$6.79
- Costs to cover
- 0.131%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 6 min ago; Hyperliquid: live order book, 6 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 MEXC live order book, 6 min ago | 0.01 bp | 2.0 bp −$2 | 2.0 bp −$20 | 2.0 bp −$201 | 2.4 bp −$1,201 |
| Sell Hyperliquid live order book, 6 min ago | 0.06 bp | 4.6 bp −$5 | 4.6 bp −$46 | 5.2 bp −$525 | doesn't fit |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0140% | 1h | 85,533 | +0.021% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,600 | +0.099% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0041% | 8h | 85,512 | −0.004% | $919.3M | $756.9M | 125x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,514.6 | −0.001% | $419.1M | $675.9M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,536.1 | +0.024% | $365K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | +0.0002% | 8h | 85,517.8 | +0.003% | $515.0M | $1.10B | 200x | as long as short |
| Nado BTC-PERP | +0.0004% | 1h | 85,520.6 | +0.006% | $24.6M | $223.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,538.9 | +0.028% | $36.6M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0029% | 1h | 85,574.9 | +0.070% | $16.8M | $21.2M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,514 | −0.002% | $339K | $26.9M | 52x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0065% | 8h | 85,522.9 | +0.009% | — | $1.54B | — | as long as short |
| Phemex BTCUSDT | +0.0073% | 8h | 85,524.6 | +0.011% | $148.2M | $495.1M | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0074% | 1h | 85,567.9 | +0.062% | $884.6M | $1.59B | 50x | as long as short |
| SoDEX BTC-USD | +0.0078% | 1h | 85,522 | +0.008% | $59.9M | $335.9M | 40x | as long as short |
| Bitget BTCUSDT | +0.0080% | 8h | 85,529 | +0.016% | $2.95B | $5.12B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,534.7 | +0.023% | $172.0M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,538.6 | +0.027% | $24.0M | $148.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,522 | +0.008% | $8.4M | $54.9M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,511.9 | −0.004% | $2.5M | $1.7M | 20x | as long as short |
| Reya BTCRUSDPERP | +0.0099% | 1h | 85,523.1 | +0.009% | $6.6M | $147.1M | 40x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,520 | +0.005% | $208K | $8.3M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,549.3 | +0.040% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTCshort | +0.0100% | 1h | 85,606 | +0.106% | $3.79B | $5.02B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 85,563.2 | +0.056% | $40.1M | $588.0M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,518 | +0.003% | $9.42B | $24.40B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,515.3 | 0.000% | $5.19B | $9.86B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,524.7 | +0.011% | $2.59B | $12.13B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,522 | +0.008% | $3.8M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,527.7 | +0.015% | $4.7M | $100.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,517.4 | +0.003% | $680.3M | $725.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,535 | +0.023% | $5.54B | $10.81B | 200x | as long as short |
| MEXC BTC_USDTlong | +0.0100% | 8h | 85,515.3 | long leg | $5.08B | $5.66B | 500x | |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,508.2 | −0.008% | $36.2M | $179.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,584.9 | +0.081% | $154.4M | $565.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,523.9 | +0.010% | $279.4M | $928.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,590.3 | +0.088% | $215.1M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,591 | +0.089% | $139.9M | $315.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,553.2 | +0.044% | $30.2M | $207.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,594.1 | +0.092% | — | $11.4M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,524 | +0.010% | $11.0M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,525.7 | +0.012% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,519.9 | +0.005% | $2.4M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,561.4 | +0.054% | $207K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,512 | −0.004% | $30.0M | $50.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,501.3 | −0.016% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,513.9 | −0.002% | $2.26B | $948.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,486.3 | −0.034% | $45.0M | $233.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,543.4 | +0.033% | — | $107.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,557.8 | +0.050% | $117.4M | $5.26B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,544.8 | +0.035% | $187.7M | $954.7M | 100x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,568.4 | +0.062% | $8.7M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0153% | 1h | 85,537.8 | +0.026% | $13.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0203% | 8h | 85,560 | +0.052% | $11.7M | $754.7M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0245% | 1h | 85,574.7 | +0.069% | $78K | $221K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0248% | 1h | 85,608.9 | +0.109% | $697K | $7.9M | 30x | as long as short |
| Perpl BTC | +0.0335% | 43m | 85,535 | +0.023% | $503K | $18.7M | 6.7x | as long as short |
BingX BTC-USDT
Phemex BTCUSDT
Deribit BTC-PERPETUAL
SoDEX BTC-USD
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Reya BTCRUSDPERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC