Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against MEXC−0.033%7-day average +0.003% · you buy dearer than you sell
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)+0.023%+$2 · spread now −0.033%, 7d avg +0.003%
=Together, before fees+0.023%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 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 0.036% cheaper against MEXC than usual: you would sell low and buy high, −$4 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 | MEXC INIT_USDT | 0.08406 | 0.0100 | pay 0.0050% / 4h | 42m 49s | $447K | $169K | 20x |
| Short | Hyperliquid INIT | 0.08403 | 0.0100 | get 0.0013% / 1h | 42m 49s | $313K | $146K | 3x |
MEXC INIT_USDT
Hyperliquid INITFunding 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: −0.033% → +0.003%
- −$3.6
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$16.6
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 48 min ago; Hyperliquid: live order book, 7 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 MEXC live order book, 48 min ago | 4.18 bp | 18.2 bp −$18 | 82.3 bp −$823 | 247.0 bp −$24.7K | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 1.43 bp | doesn't fit | doesn't fit | doesn't fit | 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 | −0.0244% | 1h | 0.08400 | −0.077% | $5K | $17K | 10x | as long as short |
| Hyperliquid INITshort | +0.0100% | 1h | 0.08403 | −0.033% | $313K | $146K | 3x | |
| Aster INITUSDT | +0.0100% | 4h | 0.08400 | −0.072% | $28K | $8K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08402 | −0.048% | $3.5M | $2.9M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08400 | −0.071% | $1.5M | $1.3M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08403 | −0.036% | $141K | $559K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08403 | −0.036% | $82K | $21K | 25x | as long as short |
| MEXC INIT_USDTlong | +0.0100% | 4h | 0.08406 | long leg | $447K | $169K | 20x | |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08414 | +0.095% | $327K | $50K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08394 | −0.143% | $434K | $260K | 25x | as long as short |
Kraken Futures PF_INITUSD
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08405 | −0.012% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08402 | −0.043% | $27K | $11K | — | as long as short |
| BloFin INIT-USDT | +0.0107% | 4h | 0.08419 | +0.155% | $153K | $63K | 25x | as long as short |
BingX INIT-USDT
Variational Omni INIT
BloFin INIT-USDT