Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.6203 | −0.0080 | get 0.0010% / 1h | 12m 29s | $341K | $281K | 16x | Long TxFlow5% off | |
| SHORT | 0.6224 | +0.0100 | get 0.0013% / 1h | 12m 29s | $25.3M | $3.2M | 3x | Short Hyperliquid4% off |
Price gap+0.339%
Funding gap+0.0180% /8h
Both sides work: funding pays +$5 a day on $10k, and the gap is 0.141% above its 7d average: +$14 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$34+0.0180% /8h now · paid +0.338% over the last 7D
Price+$14spread +0.339% now, avg +0.197% → +0.141% if it goes back
Costs−$640.645% of $10k · taker + slippage, in and out
Result−$17−0.17%+ Points / potential airdropTxFlow: points · Hyperliquid: Season 2 · 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+0.339%
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- Watch: Thin at this size17.0 / 17.3 bpAt $10k entering Hyperliquid costs 17.3 bp, fee and slippage, 1.0× TxFlow’s.
- Note: Margin at max leverage$625 + $3,333TxFlow 16x, Hyperliquid 3x. 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: +$5.40Long TxFlow: 24 payments, +$2.40; short Hyperliquid: 24 payments, +$3.00.
- OK: Entry gap works for you+0.339% vs +0.197%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$341K vs $25.3M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow points · Hyperliquid Season 2Volume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Hyperliquid 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+$33.75
Price spread+0.339% → +0.197% (7d avg)+$14.11
Slippage, 4 orderslive order books−$46.50
Fee TxFlow bp × 2 orders−$9.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$16.63
Costs to cover0.645%Break-even10.4 days
Slippage: TxFlow: live order book, 44 min ago; Hyperliquid: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow0.8117.0 bp−$17109.9 bp−$1,099doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid0.7217.3 bp−$1745.9 bp−$459doesn’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 ↗ |
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