Funding arb · Price arb / Crypto
ETHFI
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.6317 | +0.0100 | pay 0.0013% / 1h | 53m 33s | $10.0M | $1.2M | 5x | Long Hyperliquid4% off | |
| SHORT | 0.6312 | +0.0092 | get 0.0012% / 1h | 53m 33s | $337K | $300K | 50x | Short TxFlow5% off |
Price gap−0.078%
Funding gap−0.0008% /8h
Funding is ≈ 0, so this is a price-spread trade: +$9 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$33−0.0008% /8h now · paid −0.332% over the last 7D
Price+$9spread −0.078% now, avg −0.167% → +0.089% if it goes back
Costs−$430.435% of $10k · taker + slippage, in and out
Result−$68−0.68%+ 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−0.078%
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
/8hETHFI on 25 exchanges
lowest funding firstBefore you open
5 ok · 1 to watch- OK: Fits both order books13.8 / 7.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$2,000 + $200Hyperliquid 5x, 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: −$0.24Long Hyperliquid: 24 payments, −$3.00; short TxFlow: 24 payments, +$2.76.
- OK: Entry gap works for you−0.078% vs −0.167%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$337K vs $10.0M 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−0.0158%/8h × 21 periods−$33.22
Price spread−0.078% → −0.167% (7d avg)+$8.90
Slippage, 4 orderslive order books−$25.49
Fee Hyperliquid bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$67.81
Costs to cover0.435%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 8 min ago; TxFlow: live order book, 58 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid0.4713.8 bp−$1435.3 bp−$353doesn’t fitdoesn’t fit
SELL · SHORTTxFlow1.587.3 bp−$723.7 bp−$237doesn’t fitdoesn’t fit
Closing costs about the same again.
MEXC