Funding you earn now, next payment 06:00 UTC−0.0791%/8h= −86.6% APRpaid last 24h −0.357%
Price spread now: MEXC against Hyperliquid−0.207%7-day average −0.340% · you buy dearer than you sell
Net, funding: paid 7d − costs−$233as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1561.555% of the position
Funding, last 7 days−0.777%−$78 on $10k
+Price spread, last 4 days (all we have)−0.262%−$26 · spread now −0.207%, 7d avg −0.340%
=Together, before fees−1.040%+ Points / potential airdropHyperliquid: Season 2 · farm board−$104 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.133% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.207% now, against its 7-day average of −0.340%): +$13 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.777% in total) that is about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid APEX | 0.2559 | 0.0891 | pay 0.0111% / 1h | 54m 54s | $2.9M | $110K | 3x |
| Short | MEXC APEX_USDT | 0.2554 | 0.0100 | get 0.0050% / 4h | 2h 54m | $595K | $247K | 50x |
Hyperliquid APEX
MEXC APEX_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
- −$166.17
- Price spread: −0.207% → −0.340%
- $13.31
- Slippage, 4 orders
- −$142.51
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$308.37
- Costs to cover
- 1.555%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; MEXC: live order book, 50 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, 6 min ago | 4.89 bp | 57.3 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 50 min ago | 7.76 bp | 26.6 bp −$27 | 124.3 bp −$1,243 | 1028.2 bp −$102.8K | doesn't fit |
APEX on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit APEXUSDT | +0.0100% | 4h | 0.2552 | −0.285% | $3.6M | $1.2M | 25x | as long as short |
| MEXC APEX_USDTshort | +0.0100% | 4h | 0.2554 | −0.207% | $595K | $247K | 50x | |
| BingX APEX-USDT | +0.0100% | 4h | 0.2552 | −0.285% | — | $1.3M | — | as long as short |
| Variational Omni APEX | +0.0100% | 4h | 0.2554 | −0.225% | $19K | $5K | — | as long as short |
| ApeX Omni APEXUSDT | +0.0100% | 1h | 0.2585 | +1.004% | $138K | $384K | 50x | as long as short |
| BloFin APEX-USDT | +0.0121% | 4h | 0.2555 | −0.168% | $95K | $3K | 25x | as long as short |
| Hyperliquid APEXlong | +0.0891% | 1h | 0.2559 | long leg | $2.9M | $110K | 3x | |
| Lighter APEX | +0.0928% | 1h | 0.2565 | +0.207% | $58K | $22K | 5x | as long as short |
Bybit APEXUSDT
BingX APEX-USDT
Variational Omni APEX
ApeX Omni APEXUSDT
BloFin APEX-USDT
Lighter APEX