Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.6211 | +0.0100 | pay 0.0013% / 1h | 34m 36s | $25.3M | $3.0M | 3x | Long Hyperliquid4% off | |
| SHORT | 0.6193 | −0.0165 | pay 0.0021% / 1h | 34m 36s | $340K | $273K | 16x | Short TxFlow5% off |
Price gap−0.297%
Funding gap−0.0265% /8h
Both sides work against this direction now: funding costs $8 a day on $10k and the gap is 0.099% 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−$34−0.0265% /8h now · paid −0.338% over the last 7D
Price−$10spread −0.297% now, avg −0.198% → −0.099% if it goes back
Costs−$540.540% of $10k · taker + slippage, in and out
Result−$98−0.98%+ Points / potential airdropHyperliquid: Season 2 · TxFlow: points · farm boardWhat 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−0.297%
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 26 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books14.6 / 11.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$3,333 + $625Hyperliquid 3x, TxFlow 16x. 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: −$7.96Long Hyperliquid: 24 payments, −$3.00; short TxFlow: 24 payments, −$4.96.
- Watch: Gap narrower than usual−0.297% vs −0.198%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$340K vs $25.3M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2 · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legHyperliquid No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0161%/8h × 21 periods−$33.82
Price spread−0.297% → −0.198% (7d avg)−$9.89
Slippage, 4 orderslive order books−$35.98
Fee Hyperliquid bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$97.69
Costs to cover0.540%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 8 min ago; TxFlow: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid2.0914.6 bp−$1541.3 bp−$413doesn’t fitdoesn’t fit
SELL · SHORTTxFlow1.6111.4 bp−$1146.5 bp−$465doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-28 14:53 | Phoenix | Listing | Now live on Phoenix: $AERO Aerodrome @aeroxyz is an AMM on Base. Users lock AERO to vote on where emissions go and earn the protocol's trading fees. @PhoenixTrade on X ↗ |
| 10-28 02:23 | BloFin | Other | BloFin will support the token merge of Velodrome Finance (VELODROME) into Aerodrome (AERO) and the AERO contract swap. Details: @BloFin_Official on X ↗ |
| 10-27 20:04 | Phoenix | Listing | new market AERO ($AERO) seen by our collector |
| 10-26 07:15 | AZverse | Listing | new market aero_usdt ($AERO) seen by our collector |
| 10-17 12:16 | Binance | Other | Binance will support the Velodrome Finance (VELODROME) Token Merge to Aerodrome (AERO) and the AERO Contract Swap. 👉 @binance on X ↗ |
| 10-07 04:29 | Paradex | Listing | new market AERO-USD-PERP ($AERO) seen by our collector |

Phoenix
BloFin
Binance
Paradex