Funding you earn now, next payment 23:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.038%
Price spread now: Hyperliquid against MEXC−0.049%7-day average +0.210% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$370.375% of the position
Funding, last 7 days+0.251%+$25 on $10k
+Price spread, last 4 days (all we have)+0.345%+$34 · spread now −0.049%, 7d avg +0.210%
=Together, before fees+0.596%+ Points / potential airdropHyperliquid: Season 2 · farm board+$60 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.259% cheaper against MEXC than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.210%). If the spread goes back, that is −$26 on $10k: about 38 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.251% in total) that is about 7.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC FIL_USDC | 0.9915 | 0.0077 | pay 0.0077% / 8h | 1h 16m | $252K | $105K | 50x |
| Short | Hyperliquid FIL | 0.9910 | 0.0100 | get 0.0013% / 1h | 16m 45s | $8.7M | $9.5M | 5x |
MEXC FIL_USDC
Hyperliquid FILFunding 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
- $4.83
- Price spread: −0.049% → +0.210%
- −$25.9
- Slippage, 4 orders
- −$28.46
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$58.54
- Costs to cover
- 0.375%
- Break-even
- 91.8 days
Slippage from MEXC: live order book, 56 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, 56 min ago | 1.53 bp | 8.1 bp −$8 | 18.9 bp −$189 | 75.6 bp −$7,558 | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.86 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.0859% | 1h | 0.9909 | −0.061% | $171K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0693% | 1h | 0.9909 | −0.064% | $1.3M | $2.3M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9900 | −0.151% | $318K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9855 | −0.605% | $2K | $240K | 12x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9907 | −0.084% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9922 | +0.074% | $58K | $2K | 10x | as long as short |
| Bitget FILUSDT | +0.0002% | 8h | 0.9927 | +0.121% | $10.8M | $21.6M | 75x | as long as short |
| KuCoin FILUSDTM | +0.0012% | 8h | 0.9909 | −0.061% | $7.4M | $7.0M | 50x | as long as short |
| Bybit FILUSDT | +0.0029% | 8h | 0.9927 | +0.121% | $15.4M | $18.1M | 25x | as long as short |
| OKX FIL-USDT-SWAP | +0.0038% | 8h | 0.9926 | +0.111% | $18.2M | $98.3M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Bitget FILUSDT
KuCoin FILUSDTM
Bybit FILUSDT
OKX FIL-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDClong | +0.0077% | 8h | 0.9915 | long leg | $252K | $105K | 50x | |
| Binance FILUSDT | +0.0078% | 8h | 0.9923 | +0.081% | $57.3M | $176.0M | 75x | as long as short |
| BingX FIL-USDC | +0.0078% | 8h | 0.9924 | +0.091% | — | $6.5M | — | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9924 | +0.092% | $692K | $2.3M | 10x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9904 | −0.108% | $159K | $349K | 5x | as long as short |
| Hyperliquid FILshort | +0.0100% | 1h | 0.9910 | −0.049% | $8.7M | $9.5M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9910 | −0.052% | $498K | $525K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9926 | +0.111% | $7.9M | $16.3M | 50x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9897 | −0.179% | $441K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9899 | −0.158% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9907 | −0.076% | $288K | $790K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9900 | −0.151% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9915 | −0.001% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9900 | −0.151% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9902 | −0.131% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9906 | −0.091% | $629K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9910 | −0.050% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0199% | 8h | 0.9903 | −0.121% | $2.6M | $658K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0599% / S −0.0709% | 1h | 0.9906 | −0.094% | $207K | — | 100x | as long as short |
Binance FILUSDT
BingX FIL-USDC
Extended FIL-USD
Lighter FIL
Aster FILUSDT
Gate FIL_USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]