Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.05234 | +0.0123 | pay 0.0015% / 1h | 1m 23s | $13.8M | $7.3M | 3x | Long Hyperliquid4% off | |
| SHORT | 0.05213 | +0.0100 | get 0.0013% / 1h | 1m 23s | $114K | $153K | 50x | Short TxFlow5% off |
Price gap−0.399%
Funding gap−0.0023% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.399% 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—−0.0023% /8h now · no funding history yet
Price—spread −0.399% now · no price history on both exchanges yet
Costs−$1301.296% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropHyperliquid: Season 2 · TxFlow: points · farm boardneeds funding history
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−0.399%
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
/8hCHIP on 23 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Thin at this size20.2 / 36.8 bpAt $10k entering TxFlow costs 36.8 bp, fee and slippage, 1.8× Hyperliquid’s.
- Note: Margin at max leverage$3,333 + $200Hyperliquid 3x, 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: −$0.69Long Hyperliquid: 24 payments, −$3.69; short TxFlow: 24 payments, +$3.00.
- Note: No 7-day spread history−0.399%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$114K vs $13.8M 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 earnedno history yet: current rate−$4.85
Price spread−0.399% → 0−$39.93
Slippage, 4 orderslive order books−$111.63
Fee Hyperliquid bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$174.41
Costs to cover1.296%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 11 min ago; TxFlow: live order book, 26 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid3.2920.2 bp−$2087.0 bp−$870doesn’t fitdoesn’t fit
SELL · SHORTTxFlow14.2036.8 bp−$37135.6 bp−$1,356doesn’t fitdoesn’t fit
Closing costs about the same again.