Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.08028 | +0.0100 | pay 0.0050% / 4h | 1h 11m | $42K | $239K | 20x | Long HTX | |
| SHORT | 0.07998 | +0.0100 | get 0.0013% / 1h | 11m 52s | $6.2M | $4.7M | 3x | Short Hyperliquid4% off |
Price gap−0.380%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.476% under its 7d average: the price leg works against you, −$48 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$240.0000% /8h now · paid +0.237% over the last 6 days (all we have)
Price−$48spread −0.380% now, avg +0.097% → −0.476% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$24−0.24%+ Points / potential airdropHyperliquid: Season 2 · farm boardcosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Hyperliquid price against HTXnow
RANGE STATS · 7D
Now−0.380%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hNIL on 14 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Hyperliquid’s order book right now.
- Note: Margin at max leverage$500 + $3,333HTX 20x, Hyperliquid 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long HTX: 6 payments, −$3.00; short Hyperliquid: 24 payments, +$3.00.
- Watch: Gap narrower than usual−0.380% vs +0.097%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$42K vs $6.2M OIHTX sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2Volume here counts toward the points program.
- Watch: KYCHTX Limited · Hyperliquid NoNo ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0137%/8h × 21 periods+$28.74
Price spread−0.380% → +0.097% (7d avg)−$47.64
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee HTX bp × 2 orders−$12.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: HTX: live order book, 46 min ago; Hyperliquid: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHTX21.02192.7 bp−$193doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTHyperliquid2.06doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | NIL/USD no longer reported ($NIL) seen by our collector |
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