Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
My profile →
My profile
Funding arb · Price arb / Crypto

IMX

All IMX markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
TxFlowIMX-USDC
0.1375−0.0269get 0.0034% / 1h10m 25s$200K$30K25xLong TxFlow5% off
SHORT
HyperliquidIMX
0.1380+0.0100get 0.0013% / 1h10m 25s$3.8M$79K5xShort Hyperliquid4% off
Price gap+0.356%
Funding gap+0.0369% /8h

Both sides work: funding pays +$11 a day on $10k, and the gap is 0.038% above its 7d average: +$4 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$87+0.0369% /8h now · paid +0.868% over the last 7D
Price+$4spread +0.356% now, avg +0.318% → +0.038% if it goes back
Costs−$790.789% of $10k · taker + slippage, in and out
Result+$12+0.12%+ Points / potential airdropTxFlow: points · Hyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.356%
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

IMX on 16 exchanges

lowest funding first

Before you open

4 ok · 2 to watch
  • Watch: Thin at this size18.2 / 20.6 bp
    At $10k entering Hyperliquid costs 20.6 bp, fee and slippage, 1.1× TxFlow’s.
  • Note: Margin at max leverage$400 + $2,000
    TxFlow 25x, Hyperliquid 5x. 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.
    Next 24h at the current rates, on $10k a leg: +$11.07Long TxFlow: 24 payments, +$8.07; short Hyperliquid: 24 payments, +$3.00.
  • OK: Entry gap works for you+0.356% vs +0.318%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$200K vs $3.8M OI
    TxFlow sets your exit cost. Check its book before closing.
  • OK: Points on a legTxFlow points · Hyperliquid Season 2
    Volume here counts toward the points program.
  • OK: No KYC on either legTxFlow No · Hyperliquid No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0413%/8h × 21 periods+$86.82
Price spread+0.356% → +0.318% (7d avg)+$3.85
Slippage, 4 orderslive order books−$60.90
Fee TxFlow bp × 2 orders−$9.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k+$11.77
Costs to cover0.789%Break-even6.1 days
Slippage: TxFlow: live order book, 26 min ago; Hyperliquid: live order book, 7 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGTxFlow3.6218.2 bp−$1874.7 bp−$747doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid2.5420.6 bp−$2182.9 bp−$829doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert