Funding you earn now, next payment 00:00 UTC+0.1732%/8h= +189.7% APRpaid last 24h +0.396%
Price spread now: Hyperliquid against MEXC+0.225%7-day average +0.355% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1151.147% of the position
Funding, last 7 days+0.611%+$61 on $10k
+Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.225%, 7d avg +0.355%
=Together, before fees+0.491%+ Points / potential airdropHyperliquid: Season 2 · farm board+$49 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.130% cheaper against MEXC than usual: you would sell low and buy high (spread +0.225% now, against its 7-day average of +0.355%). If the spread goes back, that is −$13 on $10k: about 6 hours of funding at the current rate (+$52 a day). At the pace of the last 7 days (+0.611% in total) that is about 36 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.611% in total (about 31.9% 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 | MEXC HMSTR_USDT | 0.0001776 | 0.0100 | pay 0.0050% / 4h | 50m 46s | $390K | $117K | 50x |
| Short | Hyperliquid HMSTR | 0.0001780 | 0.1832 | get 0.0229% / 1h | 50m 46s | $2.0M | $146K | 3x |
MEXC HMSTR_USDT
Hyperliquid HMSTRFunding 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
- $363.81
- Price spread: +0.225% → +0.355%
- −$13.02
- Slippage, 4 orders
- −$101.66
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $236.13
- Costs to cover
- 1.147%
- Break-even
- 2.5 days
Slippage from MEXC: live order book, 10 min ago; Hyperliquid: live order book, 10 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, 10 min ago | 2.82 bp | 11.0 bp −$11 | 51.6 bp −$516 | 160.7 bp −$16.1K | 8846.4 bp −$4.42M |
| Sell Hyperliquid live order book, 10 min ago | 28.01 bp | 35.9 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
HMSTR on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX HMSTR-USDT | +0.0070% | 4h | 0.0001776 | 0.000% | — | $1.3M | — | as long as short |
| Aster HMSTRUSDT | +0.0100% | 4h | 0.0001777 | +0.028% | $33K | $7K | 5x | as long as short |
| Binance HMSTRUSDT | +0.0100% | 4h | 0.0001776 | 0.000% | $2.2M | $2.2M | 10x | as long as short |
| Bybit HMSTRUSDT | +0.0100% | 4h | 0.0001776 | 0.000% | $1.5M | $579K | 25x | as long as short |
| OKX HMSTR-USDT-SWAP | +0.0100% | 4h | 0.0001778 | +0.113% | $593K | $892K | 10x | as long as short |
| Gate HMSTR_USDT | +0.0100% | 4h | 0.0001776 | 0.000% | $393K | $132K | 25x | as long as short |
| MEXC HMSTR_USDTlong | +0.0100% | 4h | 0.0001776 | long leg | $390K | $117K | 50x | |
| KuCoin HMSTRUSDTM | +0.0100% | 4h | 0.0001777 | +0.056% | $248K | $60K | 10x | as long as short |
| Variational Omni HMSTR | +0.0100% | 4h | 0.0001773 | −0.155% | $2K | $920 | — | as long as short |
| ApeX Omni HMSTRUSDT | +0.0100% | 1h | 0.0001774 | −0.113% | $13K | $613K | 50x | as long as short |
BingX HMSTR-USDT
Aster HMSTRUSDT
Binance HMSTRUSDT
Bybit HMSTRUSDT
OKX HMSTR-USDT-SWAP
Gate HMSTR_USDT
KuCoin HMSTRUSDTM
Variational Omni HMSTR
ApeX Omni HMSTRUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended kHMSTR-USD | +0.0104% | 1h | 0.0001776 | −0.020% | $923 | — | 5x | as long as short |
| Kraken Futures PF_HMSTRUSD | +0.0382% | 1h | 0.0001778 | +0.123% | $10K | $11K | 10x | as long as short |
| Hyperliquid HMSTRshort | +0.1832% | 1h | 0.0001780 | +0.225% | $2.0M | $146K | 3x |
Extended kHMSTR-USD
Kraken Futures PF_HMSTRUSD