Funding you earn now, next payment 10:00 UTC−0.0641%/8h= −70.2% APRpaid last 24h −0.075%
Price spread now: MEXC against Hyperliquid−0.078%7-day average −0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$610.613% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 7 days−0.037%−$4 · spread now −0.078%, 7d avg −0.121%
=Together, before fees−0.115%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.043% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.078% now, against its 7-day average of −0.121%): +$4 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.078% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid KAS | 0.04221 | 0.0741 | pay 0.0093% / 1h | 19m 16s | $2.7M | $1.1M | 3x |
| Short | MEXC KAS_USDT | 0.04218 | 0.0100 | get 0.0050% / 4h | 2h 19m | $29.1M | $5.5M | 200x |
Hyperliquid KAS
MEXC KAS_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
- −$134.62
- Price spread: −0.078% → −0.121%
- $4.31
- Slippage, 4 orders
- −$52.29
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$191.6
- Costs to cover
- 0.613%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; MEXC: live order book, 3 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 Hyperliquid live order book, 5 min ago | 2.36 bp | 19.9 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.37 bp | 9.3 bp −$9 | 52.9 bp −$529 | 85.3 bp −$8,531 | 104.4 bp −$52.2K |
KAS on 15 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) KAS/USD | L +0.0010% / S −0.0008% | 1h | 0.04208 | −0.319% | $14K | — | 150x | as long as short |
| Injective KAS/USDC PERP | +0.0033% | 1h | 0.04361 | +3.309% | $45 | $154K | 5.5x | as long as short |
| Aster KASUSDT | +0.0100% | 4h | 0.04221 | −0.016% | $248K | $125K | 20x | as long as short |
| Binance KASUSDT | +0.0100% | 4h | 0.04215 | −0.149% | $3.8M | $13.0M | 75x | as long as short |
| Bybit KASUSDT | +0.0100% | 4h | 0.04209 | −0.291% | $10.7M | $7.8M | 50x | as long as short |
| Gate KAS_USDT | +0.0100% | 8h | 0.04209 | −0.291% | $2.1M | $1.7M | 75x | as long as short |
| MEXC KAS_USDTshort | +0.0100% | 4h | 0.04218 | −0.078% | $29.1M | $5.5M | 200x | |
| KuCoin KASUSDTM | +0.0100% | 4h | 0.04214 | −0.175% | $4.4M | $7.2M | 50x | as long as short |
| Bitget KASUSDT | +0.0100% | 4h | 0.04207 | −0.339% | $11.5M | $3.0M | 50x | as long as short |
| BingX KAS-USDT | +0.0100% | 4h | 0.04209 | −0.291% | — | $53.7M | — | as long as short |
gTrade (Gains Network) KAS/USD
Injective KAS/USDC PERP
Aster KASUSDT
Binance KASUSDT
Bybit KASUSDT
Gate KAS_USDT
KuCoin KASUSDTM
Bitget KASUSDT
BingX KAS-USDTShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni KAS | +0.0100% | 4h | 0.04218 | −0.087% | $22K | $24K | — | as long as short |
| GMX KAS/USD [WBTC.b-USDC] | L +0.0219% / S −0.0776% | 1h | 0.04209 | −0.284% | $5K | — | 100x | as long as short |
| BloFin KAS-USDT | +0.0340% | 4h | 0.04228 | +0.159% | $338K | $274K | 75x | as long as short |
| Hyperliquid KASlong | +0.0741% | 1h | 0.04221 | long leg | $2.7M | $1.1M | 3x | |
| Kraken Futures PF_KASUSD | +0.0892% | 1h | 0.04214 | −0.170% | $292K | $525K | 20x | as long as short |
Variational Omni KAS
GMX KAS/USD [WBTC.b-USDC]
BloFin KAS-USDT
Kraken Futures PF_KASUSD