Funding you earn now, next payment 04:00 UTC+0.1141%/8h= +124.9% APRpaid last 24h +0.450%
Price spread now: Hyperliquid against MEXC+0.338%7-day average +0.360% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1481.482% of the position
Funding, last 7 days+0.710%+$71 on $10k
+Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.338%, 7d avg +0.360%
=Together, before fees+0.611%+ Points / potential airdropHyperliquid: Season 2 · farm board+$61 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.022% cheaper against MEXC than usual: you would sell low and buy high (spread +0.338% now, against its 7-day average of +0.360%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$34 a day). At the pace of the last 7 days (+0.710% in total) that is about 5 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.710% in total (about 37.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC HMSTR_USDT | 0.0001774 | 0.0100 | pay 0.0050% / 4h | 44m 15s | $387K | $115K | 50x |
| Short | Hyperliquid HMSTR | 0.0001780 | 0.1241 | get 0.0155% / 1h | 44m 15s | $2.0M | $112K | 3x |
MEXC HMSTR_USDT
Hyperliquid HMSTRFunding 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
- $239.55
- Price spread: +0.338% → +0.360%
- −$2.16
- Slippage, 4 orders
- −$135.18
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $89.21
- Costs to cover
- 1.482%
- Break-even
- 4.4 days
Slippage from MEXC: live order book, 61 min ago; Hyperliquid: live order book, 7 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, 61 min ago | 2.83 bp | 9.9 bp −$10 | 55.6 bp −$556 | 159.7 bp −$16.0K | 7432.7 bp −$3.72M |
| Sell Hyperliquid live order book, 7 min ago | 28.01 bp | 68.1 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
HMSTR on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX HMSTR-USDT | +0.0070% | 4h | 0.0001773 | −0.056% | — | $1.3M | — | as long as short |
| Aster HMSTRUSDT | +0.0100% | 4h | 0.0001772 | −0.085% | $33K | $7K | 5x | as long as short |
| Binance HMSTRUSDT | +0.0100% | 4h | 0.0001774 | 0.000% | $2.2M | $1.9M | 10x | as long as short |
| Bybit HMSTRUSDT | +0.0100% | 4h | 0.0001773 | −0.056% | $1.4M | $595K | 25x | as long as short |
| OKX HMSTR-USDT-SWAP | +0.0100% | 4h | 0.0001772 | −0.113% | $603K | $740K | 10x | as long as short |
| Gate HMSTR_USDT | +0.0100% | 4h | 0.0001772 | −0.113% | $404K | $146K | 25x | as long as short |
| MEXC HMSTR_USDTlong | +0.0100% | 4h | 0.0001774 | long leg | $387K | $115K | 50x | |
| KuCoin HMSTRUSDTM | +0.0100% | 4h | 0.0001772 | −0.113% | $258K | $50K | 10x | as long as short |
| Variational Omni HMSTR | +0.0100% | 4h | 0.0001770 | −0.216% | $2K | $919 | — | as long as short |
| ApeX Omni HMSTRUSDT | +0.0100% | 1h | 0.0001769 | −0.282% | $13K | $610K | 50x | as long as short |
BingX HMSTR-USDT
Aster HMSTRUSDT
Binance HMSTRUSDT
Bybit HMSTRUSDT
OKX HMSTR-USDT-SWAP
Gate HMSTR_USDT
KuCoin HMSTRUSDTM
Variational Omni HMSTR
ApeX Omni HMSTRUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended kHMSTR-USD | +0.0104% | 1h | 0.0001772 | −0.115% | $923 | — | 5x | as long as short |
| Kraken Futures PF_HMSTRUSD | +0.1115% | 1h | 0.0001776 | +0.095% | $10K | $7K | 10x | as long as short |
| Hyperliquid HMSTRshort | +0.1241% | 1h | 0.0001780 | +0.338% | $2.0M | $112K | 3x |
Extended kHMSTR-USD
Kraken Futures PF_HMSTRUSD