Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.9430 | −0.0215 | get 0.0027% / 1h | 25m 14s | $49K | $100K | 20x | Long TxFlow5% off | |
| SHORT | 0.9441 | +0.0100 | get 0.0013% / 1h | 25m 14s | $439K | $132K | 5x | Short Hyperliquid4% off |
Price gap+0.113%
Funding gap+0.0315% /8h
Funding pays +$9 a day on $10k, but the gap is 0.060% under its 7d average: −$6 if it goes back, about 15 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$90+0.0315% /8h now · paid +0.896% over the last 7D
Price−$6spread +0.113% now, avg +0.173% → −0.060% if it goes back
Costs−$630.633% of $10k · taker + slippage, in and out
Result+$20+0.20%+ 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+0.113%
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
3 ok · 3 to watch- Watch: Thin at this size9.8 / 21.8 bpAt $10k entering Hyperliquid costs 21.8 bp, fee and slippage, 2.2× TxFlow’s.
- Note: Margin at max leverage$500 + $2,000TxFlow 20x, Hyperliquid 5x. 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: +$9.44Long TxFlow: 24 payments, +$6.44; short Hyperliquid: 24 payments, +$3.00.
- Watch: Gap narrower than usual+0.113% vs +0.173%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$49K vs $439K 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+0.0427%/8h × 21 periods+$89.64
Price spread+0.113% → +0.173% (7d avg)−$5.99
Slippage, 4 orderslive order books−$45.31
Fee TxFlow bp × 2 orders−$9.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k+$20.34
Costs to cover0.633%Break-even5.4 days
Slippage: TxFlow: live order book, 83 min ago; Hyperliquid: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow5.289.8 bp−$1032.9 bp−$329doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid0.9021.8 bp−$22doesn’t fitdoesn’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 ↗ |
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