Funding you earn now, next payment 00:00 UTC+0.0286%/8h= +31.3% APRpaid last 24h +0.010%
Price spread now: Hyperliquid against MEXC+0.146%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$520.519% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 7 days−0.005%$0 · spread now +0.146%, 7d avg +0.091%
=Together, before fees+0.085%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.054% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.091%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.089% in total (about 4.7% 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 PYTH_USDT | 0.06314 | −0.0186 | get 0.0093% / 4h | 5m 08s | $9.4M | $2.4M | 125x |
| Short | Hyperliquid PYTH | 0.06323 | 0.0100 | get 0.0013% / 1h | 5m 08s | $1.7M | $1.5M | 5x |
MEXC PYTH_USDT
Hyperliquid PYTHFunding 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
- $60.06
- Price spread: +0.146% → +0.091%
- $5.43
- Slippage, 4 orders
- −$42.86
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $13.63
- Costs to cover
- 0.519%
- Break-even
- 5.4 days
Slippage from MEXC: live order book, 3 min ago; Hyperliquid: live order book, 6 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, 3 min ago | 0.79 bp | 4.9 bp −$5 | 13.1 bp −$131 | 87.7 bp −$8,771 | 173.6 bp −$86.8K |
| Sell Hyperliquid live order book, 6 min ago | 4.19 bp | 23.4 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
PYTH on 23 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_PYTHUSD | −0.0399% | 1h | 0.06320 | +0.088% | $376K | $264K | 25x | as long as short |
| Binance PYTHUSDT | −0.0196% | 4h | 0.06321 | +0.111% | $9.0M | $17.2M | 75x | as long as short |
| BloFin PYTH-USDT | −0.0189% | 4h | 0.06312 | −0.032% | $420K | $114K | 75x | as long as short |
| MEXC PYTH_USDTlong | −0.0186% | 4h | 0.06314 | long leg | $9.4M | $2.4M | 125x | |
| Aster PYTHUSDT | −0.0024% | 4h | 0.06324 | +0.158% | $22K | $44K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06321 | +0.112% | $188K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06320 | +0.095% | $10K | $10K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0026% | 4h | 0.06317 | +0.048% | $7.5M | $4.8M | 50x | as long as short |
| Aevo PYTH-PERP | +0.0032% | 1h | 0.06317 | +0.049% | $23K | — | 3x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.855% | $553 | $220K | 5.5x | as long as short |
Kraken Futures PF_PYTHUSD
Binance PYTHUSDT
BloFin PYTH-USDT
Aster PYTHUSDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Bybit PYTHUSDT
Aevo PYTH-PERP
Injective PYTH/USDC PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PYTH_USDT | +0.0044% | 4h | 0.06311 | −0.048% | $1.1M | $477K | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06324 | +0.158% | $200K | $217K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06310 | −0.062% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTHshort | +0.0100% | 1h | 0.06323 | +0.146% | $1.7M | $1.5M | 5x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06312 | −0.032% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06325 | +0.174% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06321 | +0.111% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06316 | +0.032% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06312 | −0.037% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06315 | +0.021% | $3K | $1K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06324 | +0.158% | $39K | $6K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06315 | +0.022% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0504% | 1h | 0.06323 | +0.141% | $36K | $89K | 10x | as long as short |
Gate PYTH_USDT
Lighter PYTH
Paradex PYTH-USD-PERP
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP