Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 52.290 | −0.0160 | get 0.0020% / 1h | 59m 23s | $16K | $164K | 50x | Long TxFlow5% off | |
| SHORT | 52.534 | +0.0100 | get 0.0013% / 1h | 59m 23s | $3.7M | $770K | 5x | Short Hyperliquid4% off |
Price gap+0.467%
Funding gap+0.0260% /8h
Both sides work: funding pays +$8 a day on $10k, and the gap is 0.260% above its 7d average: +$26 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$28+0.0260% /8h now · paid +0.281% over the last 7D
Price+$26spread +0.467% now, avg +0.207% → +0.260% if it goes back
Costs−$410.412% of $10k · taker + slippage, in and out
Result+$13+0.13%+ 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+0.467%
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
/8hDASH on 23 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Large against open interest9.8 / 14.8 bp$10k is over 10% of TxFlow’s open interest.
- Note: Margin at max leverage$200 + $2,000TxFlow 50x, 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: +$7.81Long TxFlow: 24 payments, +$4.81; short Hyperliquid: 24 payments, +$3.00.
- OK: Entry gap works for you+0.467% vs +0.207%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$16K vs $3.7M 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+0.0134%/8h × 21 periods+$28.10
Price spread+0.467% → +0.207% (7d avg)+$25.96
Slippage, 4 orderslive order books−$23.16
Fee TxFlow bp × 2 orders−$9.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k+$12.90
Costs to cover0.412%Break-even3.8 days
Slippage: TxFlow: live order book, 55 min ago; Hyperliquid: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.939.8 bp−$1022.0 bp−$220153.5 bp−$15.4Kdoesn’t fit
SELL · SHORTHyperliquid1.2414.8 bp−$1537.5 bp−$375doesn’t fitdoesn’t fit
Closing costs about the same again.
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