Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.5810 | −0.0184 | get 0.0023% / 1h | 26m 52s | $108K | $90K | 25x | Long TxFlow5% off | |
| SHORT | 2.5883 | +0.0100 | get 0.0013% / 1h | 26m 52s | $3.9M | $2.2M | 5x | Short Hyperliquid4% off |
Price gap+0.283%
Funding gap+0.0284% /8h
Both sides work: funding pays +$9 a day on $10k, and the gap is 0.100% above its 7d average: +$10 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$59+0.0284% /8h now · paid +0.590% over the last 7D
Price+$10spread +0.283% now, avg +0.183% → +0.100% if it goes back
Costs−$320.318% of $10k · taker + slippage, in and out
Result+$37+0.37%+ Points / potential airdropTxFlow: points · Hyperliquid: Season 2 · 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+0.283%
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
5 ok · 1 to watch- OK: Fits both order books8.9 / 9.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$400 + $2,000TxFlow 25x, Hyperliquid 5x. 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: +$8.52Long TxFlow: 24 payments, +$5.52; short Hyperliquid: 24 payments, +$3.00.
- OK: Entry gap works for you+0.283% vs +0.183%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$108K vs $3.9M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow points · Hyperliquid Season 2Volume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Hyperliquid NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0281%/8h × 21 periods+$58.98
Price spread+0.283% → +0.183% (7d avg)+$9.97
Slippage, 4 orderslive order books−$13.82
Fee TxFlow bp × 2 orders−$9.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k+$37.13
Costs to cover0.318%Break-even2.6 days
Slippage: TxFlow: live order book, 42 min ago; Hyperliquid: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.928.9 bp−$920.7 bp−$207102.5 bp−$10.3Kdoesn’t fit
SELL · SHORTHyperliquid0.199.6 bp−$1026.5 bp−$265doesn’t fitdoesn’t fit
Closing costs about the same again.
Orderly