Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against MEXC+0.028%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$930.926% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.162%+$16 · spread now +0.028%, 7d avg +0.083%
=Together, before fees+0.167%+ Points / potential airdropHyperliquid: Season 2 · farm board+$17 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: Hyperliquid is 0.055% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.083%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC USUAL_USDT | 0.01407 | 0.0100 | pay 0.0050% / 4h | 3h 51m | $6.2M | $239K | 100x |
| Short | Hyperliquid USUAL | 0.01407 | 0.0100 | get 0.0013% / 1h | 51m 42s | $406K | $183K | 3x |
MEXC USUAL_USDT
Hyperliquid USUALFunding 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
- $0
- Price spread: +0.028% → +0.083%
- −$5.5
- Slippage, 4 orders
- −$79.6
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$98.1
- Costs to cover
- 0.926%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 6 min ago; Hyperliquid: live order book, 28 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, 6 min ago | 0.36 bp | 5.5 bp −$5 | 152.6 bp −$1,526 | 877.6 bp −$87.8K | doesn't fit |
| Sell Hyperliquid live order book, 28 min ago | 3.51 bp | 36.1 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.5000% | 1h | 0.01391 | −1.109% | $6K | $3K | 5.5x | as long as short |
| Hyperliquid USUALshort | +0.0100% | 1h | 0.01407 | +0.028% | $406K | $183K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01404 | −0.164% | $2.3M | $3.3M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01407 | +0.007% | $1.1M | $804K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01409 | +0.171% | $952K | $110K | 50x | as long as short |
| MEXC USUAL_USDTlong | +0.0100% | 4h | 0.01407 | long leg | $6.2M | $239K | 100x | |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01406 | −0.043% | $259K | $62K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01407 | +0.028% | $836K | $394K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01408 | +0.114% | — | $1.2M | — | as long as short |
| Variational Omni USUAL | +0.0100% | 4h | 0.01407 | 0.000% | $11K | $1K | — | as long as short |
Injective USUAL/USDC PERP
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDT
Variational Omni USUALShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_USUALUSD | +0.0274% | 1h | 0.01406 | −0.016% | $111K | $21K | 10x | as long as short |
Kraken Futures PF_USUALUSD