Funding you earn now, next payment 23:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.072%
Price spread now: MEXC against Hyperliquid−0.107%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$250.247% of the position
Funding, last 7 days−0.194%−$19 on $10k
+Price spread, last 7 days+0.112%+$11 · spread now −0.107%, 7d avg −0.080%
=Together, before fees−0.082%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.028% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.080%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FET | 0.2012 | 0.0143 | pay 0.0018% / 1h | 31m 11s | $8.9M | $7.9M | 5x |
| Short | MEXC FET_USDT | 0.2010 | 0.0100 | get 0.0100% / 8h | 1h 31m | $34.5M | $25.1M | 200x |
Hyperliquid FET
MEXC FET_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
- −$9.07
- Price spread: −0.107% → −0.080%
- −$2.78
- Slippage, 4 orders
- −$15.67
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$36.52
- Costs to cover
- 0.247%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; MEXC: live order book, 3 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, 11 min ago | 0.99 bp | 7.0 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.48 bp | 2.5 bp −$2 | 9.9 bp −$99 | 49.2 bp −$4,918 | 179.6 bp −$89.8K |
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.3718% | 1h | 0.2008 | −0.207% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2015 | +0.141% | $152K | $200K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2010 | −0.095% | $32K | — | 150x | as long as short |
| Gate FET_USDT | +0.0055% | 8h | 0.2010 | −0.107% | $2.7M | $11.9M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2012 | −0.004% | $342K | $535K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2008 | −0.199% | $31.4M | $107.4M | 75x | as long as short |
| MEXC FET_USDTshort | +0.0100% | 8h | 0.2010 | −0.107% | $34.5M | $25.1M | 200x | |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2011 | −0.058% | $10.4M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2016 | +0.204% | $274K | $317K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2008 | −0.207% | $37K | $5K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FET-USD | +0.0104% | 1h | 0.2011 | −0.077% | $34K | $190K | 10x | as long as short |
| Hyperliquid FETlong | +0.0143% | 1h | 0.2012 | long leg | $8.9M | $7.9M | 5x | |
| OKX FET-USDT-SWAP | +0.0152% | 4h | 0.2010 | −0.107% | $855K | $7.5M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2010 | −0.131% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2012 | −0.008% | $1.7M | $2.6M | 100x | as long as short |
| BingX FET-USDT | +0.0299% | 8h | 0.2011 | −0.058% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0320% | 8h | 0.2012 | −0.008% | $16.4M | $11.4M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0360% | 1h | 0.2010 | −0.093% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −0.107% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2014 | +0.101% | $27K | $36K | 5x | as long as short |
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Kraken Futures PF_FETUSD
Injective FET/USDC PERP
Phoenix FET