Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.08403 | +0.0100 | pay 0.0013% / 1h | 3m 08s | $6.5M | $4.4M | 3x | Long Hyperliquid4% off | |
| SHORT | 0.08418 | +0.0100 | get 0.0050% / 4h | 2h 03m | $1K | $127K | 10x | Short SunX≤10% back |
Price gap+0.182%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$32 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$230.0000% /8h now · paid −0.226% over the last 6 days (all we have)
Price+$32spread +0.182% now, avg −0.140% → +0.322% if it goes back
Costs−$1251.250% of $10k · taker + slippage, in and out
Result−$115−1.15%+ Points / potential airdropHyperliquid: Season 2 · farm boardWhat 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
SunX price against Hyperliquidnow
RANGE STATS · 7D
Now+0.182%
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
3 ok · 3 to watch- Watch: Thin at this size24.5 / 44.8 bpAt $10k entering SunX costs 44.8 bp, fee and slippage, 1.8× Hyperliquid’s.
- Note: Margin at max leverage$3,333 + $1,000Hyperliquid 3x, SunX 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: $0.00Long Hyperliquid: 24 payments, −$3.00; short SunX: 6 payments, +$3.00.
- OK: Entry gap works for you+0.182% vs −0.140%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$1K vs $6.5M OISunX sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2Volume here counts toward the points program.
- OK: No KYC on either legHyperliquid No · SunX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0127%/8h × 21 periods−$26.71
Price spread+0.182% → −0.140% (7d avg)+$32.21
Slippage, 4 orderslive order books−$108.03
Fee Hyperliquid bp × 2 orders−$9.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k−$119.53
Costs to cover1.250%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 9 min ago; SunX: live order book, 35 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid1.6124.5 bp−$24doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTSunX26.4544.8 bp−$45doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | NIL/USD no longer reported ($NIL) seen by our collector |
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| 09-24 08:44 | SunX | Listing | new market NIL-USDT ($NIL) seen by our collector |
| 09-24 07:10 | HTX | Listing | new market NIL-USDT ($NIL) seen by our collector |
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