Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: MEXC against Hyperliquid−0.134%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$370.366% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 4 days (all we have)+0.383%+$38 · spread now −0.134%, 7d avg −0.079%
=Together, before fees+0.320%+ Points / potential airdropHyperliquid: Season 2 · farm board+$32 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.055% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.079%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ORDI | 4.8405 | 0.0100 | pay 0.0013% / 1h | 30m 48s | $698K | $668K | 3x |
| Short | MEXC ORDI_USDT | 4.8340 | 0.0100 | get 0.0050% / 4h | 3h 30m | $6.6M | $3.2M | 200x |
Hyperliquid ORDI
MEXC ORDI_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
- $0
- Price spread: −0.134% → −0.079%
- −$5.52
- Slippage, 4 orders
- −$27.63
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$42.16
- Costs to cover
- 0.366%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 19 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, 19 min ago | 2.04 bp | 13.2 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.03 bp | 4.8 bp −$5 | 19.2 bp −$192 | 54.4 bp −$5,439 | 99.2 bp −$49.6K |
ORDI on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSD | −0.0454% | 1h | 4.8286 | −0.246% | $69K | $43K | 25x | as long as short |
| Gate ORDI_USDT | −0.0038% | 4h | 4.8310 | −0.196% | $1.2M | $2.6M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8360 | −0.092% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.898% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0083% | 4h | 4.8380 | −0.052% | $590K | $304K | 75x | as long as short |
| Hyperliquid ORDIlong | +0.0100% | 1h | 4.8405 | long leg | $698K | $668K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8359 | −0.095% | $10K | $345K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8325 | −0.165% | $9.8M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8290 | −0.238% | $4.1M | $4.4M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8320 | −0.176% | $5.1M | $17.6M | 20x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDTshort | +0.0100% | 4h | 4.8340 | −0.134% | $6.6M | $3.2M | 200x | |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8302 | −0.213% | $999K | $792K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8350 | −0.114% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8330 | −0.155% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8362 | −0.089% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8350 | −0.114% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8350 | −0.114% | $86K | $343K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8309 | −0.198% | $5K | $223K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8348 | −0.118% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]