Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.0156 | +0.0058 | pay 0.0007% / 1h | 53m 37s | $5.5M | $1.2M | 10x | Long Hyperliquid4% off | |
| SHORT | 1.0140 | +0.0100 | get 0.0013% / 1h | 53m 37s | $10K | $144K | 50x | Short TxFlow5% off |
Price gap−0.158%
Funding gap+0.0042% /8h
Funding trade: +$1 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$13+0.0042% /8h now · paid −0.125% over the last 7D
Price$0spread −0.158% now, avg −0.160% → +0.003% if it goes back
Costs−$340.343% of $10k · taker + slippage, in and out
Result−$47−0.47%+ 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−0.158%
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
/8hDOT on 29 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Large against open interest7.6 / 9.4 bp$10k is over 10% of TxFlow’s open interest.
- 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: +$1.25Long Hyperliquid: 24 payments, −$1.75; short TxFlow: 24 payments, +$3.00.
- Note: Gap at its usual level−0.158% vs −0.160%The price leg adds little either way.
- Watch: Short leg is thinner$10K vs $5.5M 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−0.0060%/8h × 21 periods−$12.50
Price spread−0.158% → −0.160% (7d avg)+$0.28
Slippage, 4 orderslive order books−$16.28
Fee Hyperliquid bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$46.51
Costs to cover0.343%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 8 min ago; TxFlow: live order book, 56 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid0.987.6 bp−$815.4 bp−$154doesn’t fitdoesn’t fit
SELL · SHORTTxFlow4.899.4 bp−$911.2 bp−$11258.8 bp−$5,885doesn’t fit
Closing costs about the same again.
