Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000003000 | +0.0100 | pay 0.0013% / 1h | 53m 05s | $7.9M | $556K | 10x | Long Hyperliquid4% off | |
| SHORT | 0.000002994 | −0.0352 | pay 0.0044% / 1h | 53m 05s | $30K | $77K | 50x | Short TxFlow5% off |
Price gap−0.200%
Funding gap−0.0452% /8h
Both sides work against this direction now: funding costs $14 a day on $10k and the gap is 0.200% under zero (no 7-day history yet). Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$42−0.0452% /8h now · paid −0.421% over the last 7D
Price—spread −0.200% now · no price history on both exchanges yet
Costsno datano order book for TxFlow
Result, before costs—+ Points / potential airdropHyperliquid: Season 2 · TxFlow: points · farm boardneeds both price histories
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−0.200%
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
/8hBONK on 31 exchanges
lowest funding firstBefore you open
3 ok · 1 to watch- Note: Order book unknown—No order-book sample for TxFlow: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $200Hyperliquid 10x, TxFlow 50x. 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: −$13.57Long Hyperliquid: 24 payments, −$3.00; short TxFlow: 24 payments, −$10.57.
- Note: No 7-day spread history−0.200%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$30K vs $7.9M 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−0.0201%/8h × 21 periods−$42.11
Price spread−0.200% → 0−$20.00
Slippage, 4 ordersno data for TxFlow—
Fee Hyperliquid bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$80.11
Costs to cover0.180%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 9 min ago; TxFlow: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid1.668.5 bp−$818.8 bp−$188doesn’t fitdoesn’t fit
SELL · SHORTTxFlow—————
Closing costs about the same again.
TxFlow: no data.
| 09-24 20:40 | Phoenix | Listing | Now live: $Bonk - 10x leverage. The coin that started it all is now available on Phoenix. @PhoenixTrade on X ↗ |
| 09-24 15:00 | Phoenix | Listing | new market kBONK ($BONK) seen by our collector |
| 09-22 07:03 | ApeX Omni | Other | 59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗ |

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