Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.02177 | −0.0027 | get 0.0003% / 1h | 20m 10s | $32.3M | $1.3M | 5x | Long Hyperliquid4% off | |
| SHORT | 0.02169 | −0.0082 | pay 0.0010% / 1h | 20m 10s | $136K | $101K | 75x | Short TxFlow5% off |
Price gap−0.367%
Funding gap−0.0055% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.170% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$58−0.0055% /8h now · paid −0.577% over the last 7D
Price−$17spread −0.367% now, avg −0.197% → −0.170% if it goes back
Costs−$500.501% of $10k · taker + slippage, in and out
Result−$125−1.25%+ 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−0.367%
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
/8hMON on 38 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books11.4 / 11.2 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$2,000 + $133Hyperliquid 5x, TxFlow 75x. 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: −$1.65Long Hyperliquid: 24 payments, +$0.80; short TxFlow: 24 payments, −$2.45.
- Watch: Gap narrower than usual−0.367% vs −0.197%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$136K vs $32.3M 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−0.0275%/8h × 21 periods−$57.71
Price spread−0.367% → −0.197% (7d avg)−$17.00
Slippage, 4 orderslive order books−$32.12
Fee Hyperliquid bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$124.84
Costs to cover0.501%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 9 min ago; TxFlow: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid0.2311.4 bp−$1130.6 bp−$306doesn’t fitdoesn’t fit
SELL · SHORTTxFlow4.6311.2 bp−$1153.0 bp−$530347.1 bp−$34.7Kdoesn’t fit
Closing costs about the same again.
| 10-13 17:34 | Bulk | Other | gmonad Trade $MON from @monad with up to 10x leverage now on @bulktrade on X ↗ |
| 10-13 15:16 | Bulk | Listing | new market MON-USD ($MON) seen by our collector |
| 10-08 13:37 | RISEx | Listing | New stock and crypto listings this week: $SOXL $MON $WLD All live at 10x leverage @risextrade on X ↗ |
| 10-08 13:37 | RISEx | Other | Trade now $SOXL: $MON: $WLD: @risextrade on X ↗ |
| 10-08 07:42 | RISEx | Listing | new market MON/USDC ($MON) seen by our collector |
| 10-06 08:33 | ApeX Omni | Other | 21 up, 65 down on the ApeX board, median -1.7%. A proper red day. filecoin:native +12.2% is the exception. @protocollabs and Foundation vesting ends this month, which Filecoin estimates cuts gross issuance about 75%. @monad $MON -11.8% is the worst. @OfficialApeXdex on X ↗ |

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