Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.07984 | −0.1329 | get 0.0166% / 1h | 16m 16s | $2.9M | $1.7M | 3x | Long Hyperliquid4% off | |
| SHORT | 0.07977 | −0.1713 | pay 0.0214% / 1h | 16m 16s | $21K | $313K | 50x | Short TxFlow5% off |
Price gap−0.094%
Funding gap−0.0384% /8h
The gap pays +$8 on $10k if it goes back to its 7d average, but funding costs $12 a day and eats that in about 17 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$43−0.0384% /8h now · paid +0.433% over the last 7D
Price+$8spread −0.094% now, avg −0.177% → +0.083% if it goes back
Costs−$920.919% of $10k · taker + slippage, in and out
Result−$40−0.40%+ 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−0.094%
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
/8hNIL on 15 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Thin at this size21.3 / 26.2 bpAt $10k entering TxFlow costs 26.2 bp, fee and slippage, 1.2× Hyperliquid’s.
- Note: Margin at max leverage$3,333 + $200Hyperliquid 3x, TxFlow 50x. 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: −$11.51Long Hyperliquid: 24 payments, +$39.88; short TxFlow: 24 payments, −$51.39.
- OK: Entry gap works for you−0.094% vs −0.177%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$21K vs $2.9M 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+0.0206%/8h × 21 periods+$43.27
Price spread−0.094% → −0.177% (7d avg)+$8.26
Slippage, 4 orderslive order books−$73.92
Fee Hyperliquid bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$40.39
Costs to cover0.919%Break-even13.5 days
Slippage: Hyperliquid: live order book, 4 min ago; TxFlow: live order book, 19 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid1.8821.3 bp−$2184.8 bp−$848doesn’t fitdoesn’t fit
SELL · SHORTTxFlow1.2526.2 bp−$26127.7 bp−$1,277doesn’t fitdoesn’t fit
Closing costs about the same again.
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