Funding arb · Price arb / Crypto

FIL

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LONGHyperliquid▾Kraken Futures −0.0333%Hyperliquid −0.0199%AZverse −0.0047%Bybit −0.0043%Bitget −0.0015%dYdX 0.0000%Phoenix 0.0000%Deribit 0.0000%KuCoin +0.0019%MEXC +0.0028%Binance +0.0029%Extended +0.0032%gTrade (Gains Network) +0.0055%OKX +0.0068%BingX +0.0069%Gate +0.0073%Lighter +0.0096%Aster +0.0100%Variational Omni +0.0100%edgeX +0.0100%GRVT +0.0100%ApeX Omni +0.0100%Orderly +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Phemex +0.0100%BloFin +0.0119%GMX +0.0175%Injective +0.5000%

⇄⇅

SHORTTxFlow▾Injective +0.5000%GMX −0.0157%BloFin +0.0119%Aster +0.0100%Variational Omni +0.0100%edgeX +0.0100%GRVT +0.0100%ApeX Omni +0.0100%Orderly +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Phemex +0.0100%TxFlow +0.0100%Lighter +0.0096%Gate +0.0073%BingX +0.0069%OKX +0.0068%Extended +0.0032%Binance +0.0029%MEXC +0.0028%KuCoin +0.0019%dYdX 0.0000%Phoenix 0.0000%Deribit 0.0000%Bitget −0.0015%Bybit −0.0043%AZverse −0.0047%gTrade (Gains Network) +0.0213%Kraken Futures −0.0333%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	HyperliquidFIL	0.8614	−0.0199	get 0.0025% / 1h	34m 43s	$8.5M	$2.1M	5x	Long Hyperliquid4% off
SHORT	TxFlowFIL-USDC	0.8600	+0.0100	get 0.0013% / 1h	34m 43s	$64K	$115K	50x	Short TxFlow5% off

Price gap−0.163%

Funding gap+0.0299% /8h

Both sides work: funding pays +$9 a day on $10k, and the gap is 0.020% above its 7d average: +$2 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.112% in total, about +0.0053%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.163%

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

/8h

24H3D7D14D30D90D

HyperliquidTxFlow

FIL on 31 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

• !
  Watch: Large against open interest8.2 / 10.3 bp

  $10k is over 10% of TxFlow’s open interest.
• i
  Note: Margin at max leverage$2,000 + $200

  Hyperliquid 5x, TxFlow 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Hyperliquid · 1h+$5.96

  Short TxFlow · 1h+$3.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$8.96Long Hyperliquid: 24 payments, +$5.96; short TxFlow: 24 payments, +$3.00.
• ✓
  OK: Entry gap works for you−0.163% vs −0.183%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Short leg is thinner$64K vs $8.5M OI

  TxFlow sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legHyperliquid Season 2 · TxFlow points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legHyperliquid No · TxFlow No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0053%/8h × 21 periods+$11.18

Price spread−0.163% → −0.183% (7d avg)+$2.03

Slippage, 4 orderslive order books−$19.44

Fee Hyperliquid bp × 2 orders−$9.00

Fee TxFlow bp × 2 orders−$9.00

Net · 7 days · $10k−$24.23

Costs to cover0.374%Break-even22.2 days

Slippage: Hyperliquid: live order book, 7 min ago; TxFlow: live order book, 11 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGHyperliquid0.758.2 bp−$816.5 bp−$165doesn’t fitdoesn’t fit

SELL · SHORTTxFlow5.8210.3 bp−$1010.3 bp−$10348.9 bp−$4,891doesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

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FundingPrice spread

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FIL news

posts that mention FIL, from every exchangeSearch all news →

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10-17 12:15	Binance	Product	Binance will support the Filecoin (FIL) Network Upgrade & Hard Fork. 👉 @binance on X ↗
10-13 16:08	BloFin	Product	Due to the FIL (Filecoin) network upgrade, BloFin will temporarily suspend deposit and withdrawal services for all tokens on the network at 11 AM UTC on October 19. Details: @BloFin_Official on X ↗
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10-06 22:46	BingX	Other	$FIL climbs as attention turns to supply and upgrades 🚀 Vesting completion and Solstice upgrade plans are lifting sentiment. Explore what’s driving the move 👇 @BingXOfficial on X ↗