Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: MEXC against Hyperliquid+0.112%7-day average −0.003% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.216%−$22 · spread now +0.112%, 7d avg −0.003%
=Together, before fees−0.216%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 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 0.116% dearer against Hyperliquid than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid INIT | 0.08365 | 0.0100 | pay 0.0013% / 1h | 59m 43s | $313K | $238K | 3x |
| Short | MEXC INIT_USDT | 0.08374 | 0.0100 | get 0.0050% / 4h | 3h 59m | $450K | $209K | 20x |
Hyperliquid INIT
MEXC INIT_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: +0.112% → −0.003%
- $11.57
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$1.43
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 20 min ago; MEXC: live order book, 46 min ago. Net counts fees only.
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, 20 min ago | 1.27 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 46 min ago | 4.25 bp | 18.5 bp −$19 | 87.2 bp −$872 | 259.2 bp −$25.9K | doesn't fit |
INIT 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | −0.5569% | 1h | 0.08378 | +0.156% | $5K | $22K | 10x | as long as short |
| BloFin INIT-USDT | +0.0072% | 4h | 0.08251 | −1.358% | $150K | $112K | 25x | as long as short |
| Hyperliquid INITlong | +0.0100% | 1h | 0.08365 | long leg | $313K | $238K | 3x | |
| Aster INITUSDT | +0.0100% | 4h | 0.08376 | +0.131% | $28K | $39K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08373 | +0.102% | $3.4M | $4.0M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08356 | −0.103% | $1.5M | $1.6M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08368 | +0.041% | $140K | $710K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08359 | −0.067% | $82K | $57K | 25x | as long as short |
| MEXC INIT_USDTshort | +0.0100% | 4h | 0.08374 | +0.112% | $450K | $209K | 20x | |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08372 | +0.088% | $325K | $59K | 25x | as long as short |
Kraken Futures PF_INITUSD
BloFin INIT-USDT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
KuCoin INITUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INITUSDT | +0.0100% | 4h | 0.08364 | −0.007% | $430K | $330K | 25x | as long as short |
| BingX INIT-USDT | +0.0100% | 4h | 0.08368 | +0.041% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08390 | +0.304% | $27K | $23K | — | as long as short |
Bitget INITUSDT
BingX INIT-USDT
Variational Omni INIT