Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.6808 | +0.0100 | pay 0.0013% / 1h | 50m 35s | $25.7M | $4.3M | 3x | Long Hyperliquid4% off | |
| SHORT | 0.6805 | +0.0006 | get 0.0001% / 1h | 50m 35s | $216K | $227K | — | Short AZverse |
Price gap−0.038%
Funding gap−0.0094% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.023% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1−0.0094% /8h now · paid −0.009% over the last 12 hours (all we have)
Price−$2spread −0.038% now, avg −0.015% → −0.023% if it goes back
Costsno datano order book for AZverse
Result, before costs−$3−0.03%+ Points / potential airdropHyperliquid: Season 2 · farm boardcosts unknown: no order book for AZverse · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.038%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hAERO on 25 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage$3,333 + —Hyperliquid 3x, AZverse —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$2.83Long Hyperliquid: 24 payments, −$3.00; short AZverse: 24 payments, +$0.17.
- Watch: Gap narrower than usual−0.038% vs −0.015%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$216K vs $25.7M OIAZverse sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2Volume here counts toward the points program.
- OK: No KYC on either legHyperliquid No · AZverse NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0062%/8h × 21 periods−$13.10
Price spread−0.038% → −0.015% (7d avg)−$2.29
Slippage, 4 ordersno data for AZverse—
Fee Hyperliquid bp × 2 orders−$9.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$36.39
Costs to cover0.210%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 12 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid0.9612.2 bp−$1231.5 bp−$315doesn’t fitdoesn’t fit
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
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