Funding you earn now, next payment 06:00 UTC−0.0876%/8h= −96.0% APRpaid last 24h −0.418%
Price spread now: MEXC against Hyperliquid−0.471%7-day average −0.208% · you buy dearer than you sell
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1271.275% of the position
Funding, last 7 days−0.595%−$59 on $10k
+Price spread, last 7 days+0.310%+$31 · spread now −0.471%, 7d avg −0.208%
=Together, before fees−0.285%+ Points / potential airdropHyperliquid: Season 2 · farm board−$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and MEXC is 0.263% cheaper against Hyperliquid than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.208%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.595% in total (about -31.0% 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 NIL | 0.07198 | 0.0976 | pay 0.0122% / 1h | 55m 30s | $4.5M | $4.7M | 3x |
| Short | MEXC NIL_USDT | 0.07164 | 0.0100 | get 0.0050% / 4h | 2h 55m | $2.2M | $3.9M | 100x |
Hyperliquid NIL
MEXC NIL_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
- −$184.05
- Price spread: −0.471% → −0.208%
- −$26.35
- Slippage, 4 orders
- −$114.48
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$337.88
- Costs to cover
- 1.275%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; MEXC: live order book, 2 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 | 5.68 bp | 24.8 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 7.62 bp | 42.3 bp −$42 | 161.2 bp −$1,612 | 316.9 bp −$31.7K | 598.6 bp −$299.3K |
NIL on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NILUSDT | +0.0100% | 4h | 0.07171 | −0.373% | $23K | $323K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07176 | −0.305% | $5.6M | $73.3M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.07190 | −0.110% | $3.9M | $13.6M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.07156 | −0.582% | $457K | $1.8M | 50x | as long as short |
| MEXC NIL_USDTshort | +0.0100% | 4h | 0.07164 | −0.471% | $2.2M | $3.9M | 100x | |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.07177 | −0.290% | $580K | $697K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07187 | −0.151% | $2.0M | $8.7M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.07180 | −0.249% | — | $8.4M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.07180 | −0.245% | $184K | $264K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07153 | −0.624% | $22K | $185K | 5x | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NIL
Extended NIL-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0159% | 4h | 0.07240 | +0.585% | $348K | $129K | 50x | as long as short |
| Hyperliquid NILlong | +0.0976% | 1h | 0.07198 | long leg | $4.5M | $4.7M | 3x |
BloFin NIL-USDT