Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2,723.6 | +0.0100 | pay 0.0013% / 1h | 1m 35s | $3.23B | $977.7M | 25x | Long Hyperliquid4% off | |
| SHORT | 2,722.7 | +0.0045 | get 0.0006% / 1h | 1m 35s | $6.3M | $12.2M | 75x | Short TxFlow5% off |
Price gap−0.033%
Funding gap−0.0055% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 2.3 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0055% /8h now · paid −0.003% over the last 5 hours (all we have)
Price+$4spread −0.033% now, avg −0.071% → +0.038% if it goes back
Costs−$180.184% of $10k · taker + slippage, in and out
Result−$15−0.15%+ 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−0.033%
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
/8hETH on 56 exchanges
lowest funding firstBefore you open
5 ok · 1 to watch- OK: Fits both order books4.7 / 4.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$400 + $133Hyperliquid 25x, TxFlow 75x. 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: −$1.64Long Hyperliquid: 24 payments, −$3.00; short TxFlow: 24 payments, +$1.36.
- OK: Entry gap works for you−0.033% vs −0.071%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$6.3M vs $3.23B 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−0.0047%/8h × 21 periods−$9.95
Price spread−0.033% → −0.071% (7d avg)+$3.83
Slippage, 4 orderslive order books−$0.40
Fee Hyperliquid bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$24.53
Costs to cover0.184%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 13 min ago; TxFlow: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid0.184.7 bp−$54.7 bp−$475.0 bp−$5006.8 bp−$3,383
SELL · SHORTTxFlow0.024.5 bp−$54.5 bp−$454.8 bp−$4786.1 bp−$3,030
Closing costs about the same again.
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