Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.025%
Price spread now: MEXC against Hyperliquid−0.040%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$290.285% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 7 days+0.046%+$5 · spread now −0.040%, 7d avg +0.005%
=Together, before fees+0.105%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 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 0.044% cheaper against Hyperliquid than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid OP | 0.1260 | 0.0100 | pay 0.0013% / 1h | 31m 14s | $3.5M | $3.7M | 5x |
| Short | MEXC OP_USDT | 0.1260 | 0.0100 | get 0.0100% / 8h | 1h 31m | $22.5M | $8.0M | 300x |
Hyperliquid OP
MEXC OP_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: −0.040% → +0.005%
- −$4.44
- Slippage, 4 orders
- −$19.55
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$32.99
- Costs to cover
- 0.285%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; MEXC: live order book, 2 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, 10 min ago | 1.58 bp | 8.3 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 2.78 bp | 5.2 bp −$5 | 28.7 bp −$287 | 67.9 bp −$6,794 | 112.9 bp −$56.4K |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1760% | 1h | 0.1255 | −0.413% | $35K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0898% / S +0.0202% | 1h | 0.1260 | +0.010% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0048% | 8h | 0.1258 | −0.175% | $59K | $177K | 10x | as long as short |
| Kraken Futures PF_OPUSD | −0.0034% | 1h | 0.1261 | +0.055% | $754K | $652K | 20x | as long as short |
| Variational Omni OP | −0.0015% | 8h | 0.1262 | +0.177% | $223K | $46K | — | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1261 | +0.046% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1260 | −0.016% | $32K | $154K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1259 | −0.083% | — | — | 150x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1262 | +0.143% | $24K | $64K | 50x | as long as short |
| Bybit OPUSDT | +0.0054% | 8h | 0.1259 | −0.087% | $18.5M | $26.0M | 75x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
Variational Omni OP
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Coinbase International OP-PERP-INTX
Bybit OPUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin OPUSDTM | +0.0057% | 8h | 0.1260 | −0.016% | $2.8M | $6.3M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0079% | 8h | 0.1260 | −0.032% | $6.1M | $29.6M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1260 | −0.048% | $276K | $1.1M | 15x | as long as short |
| Hyperliquid OPlong | +0.0100% | 1h | 0.1260 | long leg | $3.5M | $3.7M | 5x | |
| Aster OPUSDT | +0.0100% | 8h | 0.1261 | +0.032% | $209K | $218K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1260 | −0.032% | $19.9M | $66.5M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1261 | +0.040% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDTshort | +0.0100% | 8h | 0.1260 | −0.040% | $22.5M | $8.0M | 300x | |
| Bitget OPUSDT | +0.0100% | 8h | 0.1259 | −0.095% | $5.7M | $6.8M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1260 | −0.040% | — | $6.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1260 | −0.032% | $108K | $216K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1260 | −0.016% | $382K | $768K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1261 | +0.063% | $311K | $5.3M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1261 | +0.063% | $43K | $700K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1259 | −0.063% | $206 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1260 | −0.040% | $171K | $253K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1259 | −0.099% | $101K | $506K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1260 | −0.056% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1260 | −0.056% | $999K | $326K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1260 | −0.052% | $700 | — | 20x | as long as short |
KuCoin OPUSDTM
OKX OP-USDT-SWAP
Lighter OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP