Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3.1014 | +0.0100 | pay 0.0013% / 1h | 20m 10s | $110.1M | $12.7M | 5x | Long Hyperliquid4% off | |
| SHORT | 3.0905 | +0.0100 | get 0.0013% / 1h | 20m 10s | $634K | $704K | 50x | Short TxFlow5% off |
Price gap−0.351%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.180% under its 7d average: the price leg works against you, −$18 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$70.0000% /8h now · paid +0.072% over the last 7D
Price−$18spread −0.351% now, avg −0.172% → −0.180% if it goes back
Costs−$460.463% of $10k · taker + slippage, in and out
Result−$57−0.57%+ 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−0.351%
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
/8hLIT on 47 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books6.1 / 13.7 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$2,000 + $200Hyperliquid 5x, 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−0.351% vs −0.172%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$634K vs $110.1M 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+0.0034%/8h × 21 periods+$7.18
Price spread−0.351% → −0.172% (7d avg)−$17.97
Slippage, 4 orderslive order books−$28.27
Fee Hyperliquid bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$57.06
Costs to cover0.463%Break-even62.7 days
Slippage: Hyperliquid: live order book, 10 min ago; TxFlow: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid0.326.1 bp−$619.6 bp−$19687.3 bp−$8,728doesn’t fit
SELL · SHORTTxFlow5.0213.7 bp−$1454.6 bp−$546doesn’t fitdoesn’t fit
Closing costs about the same again.
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