Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.14 per $10,000 · paid last 24h +0.005%
Price spread now: MEXC against BloFin+0.081%79s7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$590.595% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 3 days (all we have)−0.104%−$10 · spread now +0.081%, 7d avg −0.006%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.087% dearer against BloFin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.006%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin HYPER-USDT | 0.07412 | 0.0072 | pay 0.0036% / 4h | 1h 27m | $190K | $23K | 50x |
| Short | MEXC HYPER_USDT | 0.07418 | 0.0100 | get 0.0050% / 4h | 1h 27m | $255K | $130K | 20x |
BloFin HYPER-USDT
MEXC HYPER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- $5.78
- Price spread: +0.081% → −0.006%
- $8.65
- Slippage, 4 orders
- −$43.48
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$45.04
- Costs to cover
- 0.595%
- Break-even
- 61.5 days
Slippage from BloFin: live order book, 47 min ago; MEXC: live order book, 45 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 BloFin live order book, 47 min ago | 1.34 bp | 21.7 bp −$22 | 51.4 bp −$514 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 45 min ago | 0.67 bp | 9.2 bp −$9 | 68.5 bp −$685 | 217.3 bp −$21.7K | 541.8 bp −$270.9K |
HYPER on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HYPERUSDTM | −0.0156% | 4h | 0.07413 | +0.013% | $127K | $93K | 30x | as long as short |
| Gate HYPER_USDT | −0.0030% | 4h | 0.07420 | +0.108% | $90K | $46K | 50x | as long as short |
| BloFin HYPER-USDTlong | +0.0072% | 4h | 0.07412 | long leg | $190K | $23K | 50x | |
| Hyperliquid HYPER | +0.0100% | 1h | 0.07422 | +0.128% | $71K | $120K | 3x | as long as short |
| Aster HYPERUSDT | +0.0100% | 4h | 0.07422 | +0.138% | $20K | $4K | 5x | as long as short |
| Binance HYPERUSDT | +0.0100% | 4h | 0.07421 | +0.121% | $2.0M | $2.1M | 50x | as long as short |
| Bybit HYPERUSDT | +0.0100% | 4h | 0.07421 | +0.121% | $1.2M | $708K | 25x | as long as short |
| MEXC HYPER_USDTshort | +0.0100% | 4h | 0.07418 | +0.081% | $255K | $130K | 20x | |
| Bitget HYPERUSDT | +0.0100% | 4h | 0.07421 | +0.121% | $310K | $259K | 50x | as long as short |
| Variational Omni HYPER | +0.0100% | 4h | 0.07418 | +0.075% | $7K | $1K | — | as long as short |
KuCoin HYPERUSDTM
Gate HYPER_USDT
Hyperliquid HYPER
Aster HYPERUSDT
Binance HYPERUSDT
Bybit HYPERUSDT
Bitget HYPERUSDT
Variational Omni HYPER