Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.9394 | −0.0174 | get 0.0022% / 1h | 42m 05s | $442K | $139K | 5x | Long Hyperliquid4% off | |
| SHORT | 0.9380 | −0.0352 | pay 0.0044% / 1h | 42m 05s | $50K | $100K | 20x | Short TxFlow5% off |
Price gap−0.152%
Funding gap−0.0178% /8h
The gap pays +$2 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 9 hours. At the last 7 days' pace that is about 4 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$90−0.0178% /8h now · paid −0.896% over the last 7D
Price+$2spread −0.152% now, avg −0.172% → +0.020% if it goes back
Costs−$610.613% of $10k · taker + slippage, in and out
Result−$149−1.49%+ 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−0.152%
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
/8hAXS on 20 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Thin at this size19.8 / 9.8 bpAt $10k entering Hyperliquid costs 19.8 bp, fee and slippage, 2.0× TxFlow’s.
- Note: Margin at max leverage$2,000 + $500Hyperliquid 5x, TxFlow 20x. 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: −$5.34Long Hyperliquid: 24 payments, +$5.22; short TxFlow: 24 payments, −$10.56.
- OK: Entry gap works for you−0.152% vs −0.172%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$50K vs $442K 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−0.0427%/8h × 21 periods−$89.63
Price spread−0.152% → −0.172% (7d avg)+$2.00
Slippage, 4 orderslive order books−$43.34
Fee Hyperliquid bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$148.96
Costs to cover0.613%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 54 min ago; TxFlow: live order book, 27 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid0.9019.8 bp−$20doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow5.339.8 bp−$1029.4 bp−$294doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-05 02:16 | SoDEX | Other | 📊 SoDEX 24h Movers | Mon, Oct 5 73 of 92 perp markets are higher. Can the broad advance hold through this week's macro releases? Market notes $AXS: Price rose on declining volume, alongside negative funding and net exchange inflows. The advance lacked stronger volume confirmation. $PENGU: Stonk launched a "Community Coins" mode on Solana, making PENGU holders eligible to share rewards from newly issued meme tokens. $PONS: Trader Bonk Guy's portfolio is down ~$13.9M from its Sept 6 peak. PONS remains his largest holding at $4.51M. This week's watchlist Mon, Oct 5, 14:00 UTC: US ISM Services PMI Wed, Oct 7, 18:00 UTC: FOMC minutes Fri, Oct 9: Michigan consumer sentiment preliminary release 73 up / 19 down / 0 flat across 92 perp markets. 24 also trade spot. Trade 👉 @sodex_official on X ↗ |
SoDEX