Funding you earn now, next payment 23:00 UTC−0.0639%/8h= −69.9% APRpaid last 24h −0.158%
Price spread now: MEXC against Hyperliquid−0.168%7-day average −0.205% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$470.469% of the position
Funding, last 7 days−0.289%−$29 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now −0.168%, 7d avg −0.205%
=Together, before fees−0.277%+ Points / potential airdropHyperliquid: Season 2 · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.037% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.168% now, against its 7-day average of −0.205%): +$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 (−0.289% in total) that is about 22 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.289% in total (about -15.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CFX | 0.05355 | 0.0739 | pay 0.0092% / 1h | 33m 38s | $3.2M | $406K | 5x |
| Short | MEXC CFX_USDT | 0.05346 | 0.0100 | get 0.0100% / 8h | 1h 33m | $3.4M | $1.8M | 125x |
Hyperliquid CFX
MEXC CFX_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
- −$134.13
- Price spread: −0.168% → −0.205%
- $3.73
- Slippage, 4 orders
- −$33.86
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$177.26
- Costs to cover
- 0.469%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; MEXC: live order book, 4 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, 8 min ago | 0.09 bp | 20.0 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.87 bp | 6.7 bp −$7 | 8.4 bp −$84 | 47.8 bp −$4,783 | 96.3 bp −$48.1K |
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CFX_USDT | +0.0025% | 8h | 0.05343 | −0.224% | $1.1M | $3.0M | 50x | as long as short |
| Aster CFXUSDT | +0.0100% | 8h | 0.05345 | −0.182% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05343 | −0.221% | $5.4M | $11.2M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05343 | −0.224% | $2.4M | $1.8M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05338 | −0.317% | $2.5M | $6.3M | 20x | as long as short |
| MEXC CFX_USDTshort | +0.0100% | 8h | 0.05346 | −0.168% | $3.4M | $1.8M | 125x | |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05346 | −0.168% | $885K | $297K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05344 | −0.205% | $1.6M | $1.6M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05343 | −0.224% | — | $20.7M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05343 | −0.217% | $37K | $41K | — | as long as short |
Gate CFX_USDT
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05344 | −0.206% | $511K | $1.9M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05346 | −0.175% | $132 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0392% | 1h | 0.05366 | +0.205% | $35K | $197K | 50x | as long as short |
| Hyperliquid CFXlong | +0.0739% | 1h | 0.05355 | long leg | $3.2M | $406K | 5x | |
| Kraken Futures PF_CFXUSD | +0.2047% | 1h | 0.05348 | −0.138% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.2369% | 1h | 0.05359 | +0.075% | $141 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL