Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3162 | −0.0325 | get 0.0041% / 1h | 21m 23s | $3.7M | $380K | 3x | Long Hyperliquid4% off | |
| SHORT | 0.3147 | −0.0259 | pay 0.0129% / 4h | 2h 21m | $1K | $139K | 10x | Short edgeX |
Price gap−0.475%
Funding gap+0.0066% /8h
Funding pays +$2 a day on $10k, but the gap is 0.348% under its 7d average: −$35 if it goes back, about 18 days of funding. At the last 7 days' pace that is about 39 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$6+0.0066% /8h now · paid +0.063% over the last 7D
Price−$35spread −0.475% now, avg −0.127% → −0.348% if it goes back
Costs−$790.785% of $10k · taker + slippage, in and out
Result−$107−1.07%+ Points / potential airdropHyperliquid: Season 2 · edgeX: 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−0.475%
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
/8hMET on 21 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size13.1 / 26.7 bpAt $10k entering edgeX costs 26.7 bp, fee and slippage, 2.0× Hyperliquid’s.
- Note: Margin at max leverage$3,333 + $1,000Hyperliquid 3x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.98Long Hyperliquid: 24 payments, +$9.74; short edgeX: 6 payments, −$7.77.
- Watch: Gap narrower than usual−0.475% vs −0.127%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$1K vs $3.7M OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2 · edgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legHyperliquid No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0030%/8h × 21 periods+$6.30
Price spread−0.475% → −0.127% (7d avg)−$34.79
Slippage, 4 orderslive order books−$60.50
Fee Hyperliquid bp × 2 orders−$9.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$107.00
Costs to cover0.785%Break-even126.0 days
Slippage: Hyperliquid: live order book, 6 min ago; edgeX: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid1.5813.1 bp−$1368.3 bp−$683doesn’t fitdoesn’t fit
SELL · SHORTedgeX6.3426.7 bp−$27doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-10 00:13 | Orderly | Listing | new market PERP_MET_USDC_mythos ($MET) seen by our collector |
| 10-09 09:44 | edgeX | Listing | new market METUSDC ($MET) seen by our collector |
| 10-09 08:46 | edgeX | Listing | New Crypto Perp Listings on edgeX $STRK ZK rollup scaling network on Ethereum. $MET Liquidity and DEX protocol on Solana. Trade on Arc. Unlock Triple Rewards. @edgeX_exchange on X ↗ |
| 10-08 18:00 | Binance | Contest | Nice to MET you. The MET Trading Tournament is live, with up to 400 BNB in token vouchers to share. Join now → @binance on X ↗ |
| 09-28 15:16 | Phoenix | Contest | It’s Solana Ecosystem week on Frontier Traders. Trade SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, and FARTCOIN perpetuals on Phoenix to compete for a $25,000 prize pool across Volume and PnL leaderboards. @PhoenixTrade on X ↗ |
| 09-25 14:48 | Phoenix | Contest | $SOL went up, and so did the rewards. Earn an additional $25k in rewards for trading @solana ecosystem tokens on Phoenix this week, courtesy of @joinfrontier SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, FART @PhoenixTrade on X ↗ |


Binance
Phoenix