Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 88.260 | −0.4859 | get 0.4859% / 8h | 6h 00m | $21K | $52K | 10x | Long Katana Perps | |
| SHORT | 89.044 | L +0.0233S +0.0034 | pay 0.0004% / 1h | 0m 48s | $55K | — | 20x | Short Avantis |
Price gap+0.888%
Funding gap+0.4825% /8h
Both sides work: funding pays +$145 a day on $10k, and the gap is 0.888% above zero (no 7-day history yet): +$89 more if it goes back.
Funding on this pair cost 0.381% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$38+0.4825% /8h now · paid −0.381% over the last 7D
Price—spread +0.888% now · no price history on both exchanges yet
Costsno datano order book for Katana Perps and Avantis
Result, before costs—+ Points / potential airdropAvantis: Season 3 · farm boardneeds both price histories
The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.381% in total, about −0.0182%/8h on average.
Price and funding
1h · historyEntry / ExitKatana Perps: thin, under $1M open interest · Avantis: thin, under $1M open interest
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+0.888%
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
/8hHYPE on 55 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for Katana Perps and Avantis: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $500Katana Perps 10x, Avantis 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$144.74Long Katana Perps: 3 payments, +$145.77; short Avantis: 24 payments, −$1.03.
- Note: No 7-day spread history+0.888%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$21K vs $55K OIKatana Perps sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3Volume here counts toward the points program.
- OK: No KYC on either legKatana Perps No · Avantis NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0182%/8h × 21 periods−$38.14
Price spread+0.888% → 0+$88.82
Slippage, 4 ordersno data for Katana Perps and Avantis—
Fee Katana Perps bp × 2 orders−$3.80
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k+$37.88
Costs to cover0.128%Break-evenfrom the start
Slippage: Katana Perps: no order-book sample; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGKatana Perps—————
SELL · SHORTAvantis—————
Closing costs about the same again.
Katana Perps and Avantis: no data.
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| 09-24 07:40 | Binance | Listing | Binance will list @HyperliquidX (HYPE) with the Seed Tag applied. More info → @binance on X ↗ |
| 09-23 06:39 | Bitget | Other | $HYPE just hit a new ATH near $98, gaining ~5% over the past 24 hours. The move comes as Payward plans to bring regulated onchain perpetual futures to U.S. traders via @HyperliquidX. @bitget on X ↗ |


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