Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.5787 | +0.0100 | pay 0.0013% / 1h | 42m 33s | $3.8M | $2.2M | 5x | Long Hyperliquid4% off | |
| SHORT | 2.5720 | −0.0157 | pay 0.0020% / 1h | 42m 33s | $108K | $91K | 25x | Short TxFlow5% off |
Price gap−0.260%
Funding gap−0.0257% /8h
Both sides work against this direction now: funding costs $8 a day on $10k and the gap is 0.077% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$59−0.0257% /8h now · paid −0.585% over the last 7D
Price−$8spread −0.260% now, avg −0.183% → −0.077% if it goes back
Costs−$350.349% of $10k · taker + slippage, in and out
Result−$101−1.01%+ 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−0.260%
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
/8hICP on 29 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books6.3 / 10.9 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$2,000 + $400Hyperliquid 5x, TxFlow 25x. 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: −$7.72Long Hyperliquid: 24 payments, −$3.00; short TxFlow: 24 payments, −$4.72.
- Watch: Gap narrower than usual−0.260% vs −0.183%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$108K vs $3.8M 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−0.0279%/8h × 21 periods−$58.52
Price spread−0.260% → −0.183% (7d avg)−$7.71
Slippage, 4 orderslive order books−$16.90
Fee Hyperliquid bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$101.13
Costs to cover0.349%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 10 min ago; TxFlow: live order book, 21 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid0.586.3 bp−$615.8 bp−$158110.9 bp−$11.1Kdoesn’t fit
SELL · SHORTTxFlow3.8910.9 bp−$1120.8 bp−$20882.0 bp−$8,203doesn’t fit
Closing costs about the same again.
Orderly