Funding you earn now, next payment 11:00 UTC−0.1361%/8h= −149.0% APRpaid last 24h −0.061%
Price spread now: MEXC against Hyperliquid+0.132%7-day average +0.088% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.025%−$103 on $10k
+Price spread, last 4 days (all we have)+0.216%+$22 · spread now +0.132%, 7d avg +0.088%
=Together, before fees−0.809%+ Points / potential airdropHyperliquid: Season 2 · farm board−$81 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.044% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.088%): +$4 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−1.025% in total) that is about 7 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SOPH | 0.003775 | −0.0515 | get 0.0064% / 1h | 55m 38s | $400K | $370K | 3x |
| Short | MEXC SOPH_USDT | 0.003780 | −0.1876 | pay 0.0938% / 4h | 1h 55m | $1.2M | $410K | 20x |
Hyperliquid SOPH
MEXC SOPH_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
- −$285.82
- Price spread: +0.132% → +0.088%
- $4.42
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$294.4
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 51 min ago; MEXC: live order book, 4 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, 51 min ago | 2.61 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 2.63 bp | 4.6 bp −$5 | 26.6 bp −$266 | 185.9 bp −$18.6K | 514.1 bp −$257.1K |
SOPH on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SOPHUSDT | −0.1886% | 4h | 0.003784 | +0.228% | $5.0M | $13.1M | 25x | as long as short |
| MEXC SOPH_USDTshort | −0.1876% | 4h | 0.003780 | +0.132% | $1.2M | $410K | 20x | |
| BingX SOPH-USDT | −0.1790% | 4h | 0.003781 | +0.159% | — | $6.6M | — | as long as short |
| OKX SOPH-USDT-SWAP | −0.1569% | 4h | 0.003779 | +0.106% | $901K | $3.9M | 10x | as long as short |
| Bybit SOPHUSDT | −0.1553% | 4h | 0.003789 | +0.371% | $1.9M | $3.4M | 25x | as long as short |
| Bitget SOPHUSDT | −0.1468% | 4h | 0.003774 | −0.026% | $498K | $623K | 25x | as long as short |
| KuCoin SOPHUSDTM | −0.1306% | 4h | 0.003781 | +0.159% | $815K | $111K | 30x | as long as short |
| Hyperliquid SOPHlong | −0.0515% | 1h | 0.003775 | long leg | $400K | $370K | 3x | |
| Gate SOPH_USDT | −0.0216% | 4h | 0.003777 | +0.053% | $613K | $391K | 25x | as long as short |
Binance SOPHUSDT
BingX SOPH-USDT
OKX SOPH-USDT-SWAP
Bybit SOPHUSDT
Bitget SOPHUSDT
KuCoin SOPHUSDTM
Gate SOPH_USDT