Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.08080 | +0.0100 | pay 0.0050% / 4h | 2h 45m | $974 | $125K | 10x | Long SunX≤10% back | |
| SHORT | 0.08110 | +0.0100 | get 0.0013% / 1h | 45m 33s | $6.3M | $4.3M | 3x | Short Hyperliquid4% off |
Price gap+0.375%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$23 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+$23spread +0.375% now, avg +0.140% → +0.235% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$46+0.46%+ 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 SunXnow
RANGE STATS · 7D
Now+0.375%
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 size36.4 / 12.9 bpAt $10k entering SunX costs 36.4 bp, fee and slippage, 2.8× Hyperliquid’s.
- Note: Margin at max leverage$1,000 + $3,333SunX 10x, 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 SunX: 6 payments, −$3.00; short Hyperliquid: 24 payments, +$3.00.
- OK: Entry gap works for you+0.375% vs +0.140%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$974 vs $6.3M 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 legSunX No · Hyperliquid NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0128%/8h × 21 periods+$26.84
Price spread+0.375% → +0.140% (7d avg)+$23.48
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee SunX bp × 2 orders−$8.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: SunX: live order book, 57 min ago; Hyperliquid: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX27.4936.4 bp−$36doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTHyperliquid0.9212.9 bp−$13doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | NIL/USD no longer reported ($NIL) seen by our collector |
| 09-28 04:20 | SunX | Other | 🔗 NIL/USDT: @SunX_DEX on X ↗ |
| 09-28 04:14 | SunX | Listing | SunX New Listing is LIVE. $NIL / USDT With up to 10X leverage 📈 @SunX_DEX on X ↗ |
| 09-27 13:30 | HTX | Contest | New Perpetual Futures! 🚀 HTX adds POLYMARKET/USDT + NIL/USDT perpetual futures with up to 20x leverage. New Coin Futures Contest Heats Up! @HTX_Global on X ↗ |
| 09-24 08:44 | SunX | Listing | new market NIL-USDT ($NIL) seen by our collector |
| 09-24 07:10 | HTX | Listing | new market NIL-USDT ($NIL) seen by our collector |
gTrade (Gains Network)
HTX