Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against MEXC+0.050%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$820.821% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.140%+$14 · spread now +0.050%, 7d avg +0.078%
=Together, before fees+0.145%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 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 0.028% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC USUAL_USDT | 0.01390 | 0.0100 | pay 0.0050% / 4h | 2h 19m | $6.1M | $235K | 100x |
| Short | Hyperliquid USUAL | 0.01391 | 0.0100 | get 0.0013% / 1h | 19m 03s | $398K | $173K | 3x |
MEXC USUAL_USDT
Hyperliquid USUALFunding 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: +0.050% → +0.078%
- −$2.81
- Slippage, 4 orders
- −$69.1
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$84.91
- Costs to cover
- 0.821%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Hyperliquid: live order book, 28 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 MEXC live order book, 2 min ago | 3.23 bp | 9.8 bp −$10 | 114.7 bp −$1,147 | 776.2 bp −$77.6K | doesn't fit |
| Sell Hyperliquid live order book, 28 min ago | 3.62 bp | 31.7 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4413% | 1h | 0.01370 | −1.460% | $6K | $3K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0262% | 1h | 0.01390 | −0.015% | $111K | $8K | 10x | as long as short |
| Hyperliquid USUALshort | +0.0100% | 1h | 0.01391 | +0.050% | $398K | $173K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01391 | +0.050% | $2.2M | $2.6M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01392 | +0.108% | $1.0M | $610K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01392 | +0.122% | $942K | $80K | 50x | as long as short |
| MEXC USUAL_USDTlong | +0.0100% | 4h | 0.01390 | long leg | $6.1M | $235K | 100x | |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01391 | +0.050% | $166K | $86K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01392 | +0.122% | $779K | $385K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01391 | +0.029% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01391 | +0.048% | $10K | $1K | — | as long as short |
Variational Omni USUAL