Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2845 | +0.0100 | pay 0.0013% / 1h | 16m 17s | $8.6M | $2.6M | 10x | Long Hyperliquid4% off | |
| SHORT | 0.2839 | +0.0100 | get 0.0013% / 1h | 16m 17s | $468K | $237K | 50x | Short TxFlow5% off |
Price gap−0.225%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.046% under its 7d average: the price leg works against you, −$5 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$370.0000% /8h now · paid −0.372% over the last 7D
Price−$5spread −0.225% now, avg −0.179% → −0.046% if it goes back
Costs−$440.440% of $10k · taker + slippage, in and out
Result−$86−0.86%+ 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−0.225%
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
/8hJUP on 35 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books7.5 / 6.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $200Hyperliquid 10x, TxFlow 50x. 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: $0.00Long Hyperliquid: 24 payments, −$3.00; short TxFlow: 24 payments, +$3.00.
- Watch: Gap narrower than usual−0.225% vs −0.179%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$468K vs $8.6M 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−0.0177%/8h × 21 periods−$37.18
Price spread−0.225% → −0.179% (7d avg)−$4.61
Slippage, 4 orderslive order books−$26.00
Fee Hyperliquid bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$85.80
Costs to cover0.440%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 2 min ago; TxFlow: live order book, 20 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid0.707.5 bp−$827.8 bp−$278150.5 bp−$15.0Kdoesn’t fit
SELL · SHORTTxFlow1.766.8 bp−$724.6 bp−$246227.0 bp−$22.7Kdoesn’t fit
Closing costs about the same again.
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