Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.0845 | +0.0100 | pay 0.0013% / 1h | 53m 05s | $408K | $43K | 5x | Long Hyperliquid4% off | |
| SHORT | 2.0800 | −0.0234 | pay 0.0029% / 1h | 53m 05s | $123K | $53K | 25x | Short TxFlow5% off |
Price gap−0.216%
Funding gap−0.0334% /8h
Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.036% 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−$110−0.0334% /8h now · paid −1.098% over the last 7D
Price−$4spread −0.216% now, avg −0.180% → −0.036% if it goes back
Costs−$690.689% of $10k · taker + slippage, in and out
Result−$182−1.82%+ 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−0.216%
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
/8hNEO on 12 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size20.9 / 13.9 bpAt $10k entering Hyperliquid costs 20.9 bp, fee and slippage, 1.5× TxFlow’s.
- Note: Margin at max leverage$2,000 + $400Hyperliquid 5x, TxFlow 25x. 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: −$10.02Long Hyperliquid: 24 payments, −$3.00; short TxFlow: 24 payments, −$7.02.
- Watch: Gap narrower than usual−0.216% vs −0.180%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$123K vs $408K 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−0.0523%/8h × 21 periods−$109.77
Price spread−0.216% → −0.180% (7d avg)−$3.57
Slippage, 4 orderslive order books−$50.94
Fee Hyperliquid bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$182.28
Costs to cover0.689%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 46 min ago; TxFlow: live order book, 54 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid1.6820.9 bp−$21doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow2.4013.9 bp−$1447.7 bp−$477doesn’t fitdoesn’t fit
Closing costs about the same again.
MEXC