Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5057 | +0.0100 | pay 0.0013% / 1h | 36m 24s | $61.7M | $38.8M | 10x | Long Hyperliquid4% off | |
| SHORT | 0.5053 | +0.0096 | get 0.0012% / 1h | 36m 24s | $64K | $408K | 20x | Short Popdex |
Price gap−0.079%
Funding gap−0.0004% /8h
Funding is ≈ 0 and the gap is at its 7d average: nothing to capture right now.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$29−0.0004% /8h now · paid −0.286% over the last 7D
Price−$1spread −0.079% now, avg −0.064% → −0.015% if it goes back
Costs−$420.421% of $10k · taker + slippage, in and out
Result−$72−0.72%+ Points / potential airdropHyperliquid: Season 2 · 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−0.079%
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
/8hONDO on 41 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Large against open interest6.6 / 12.8 bp$10k is over 10% of Popdex’s open interest.
- Note: Margin at max leverage$1,000 + $500Hyperliquid 10x, Popdex 20x. 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: −$0.12Long Hyperliquid: 24 payments, −$3.00; short Popdex: 24 payments, +$2.88.
- Note: Gap at its usual level−0.079% vs −0.064%The price leg adds little either way.
- Watch: Short leg is thinner$64K vs $61.7M OIPopdex 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 · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0141%/8h × 21 periods−$29.57
Price spread−0.079% → −0.064% (7d avg)−$1.50
Slippage, 4 orderslive order books−$26.70
Fee Hyperliquid bp × 2 orders−$9.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$73.16
Costs to cover0.421%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 4 min ago; Popdex: live order book, 38 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid1.286.6 bp−$713.3 bp−$13340.1 bp−$4,008doesn’t fit
SELL · SHORTPopdex0.9912.8 bp−$13106.0 bp−$1,060doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 09-24 19:59 | OKX | Product | New X Drops Club is live in Europe. Trade $SOL, $ZEC, $NEAR, $ENA, $SUI, $ONDO, $CARDS, $AVAX, $ZAMA or $RENDER for a share of 1,125 $OKB, worth around $150K. Pick your market. Chase the drop. @okx on X ↗ |


OKX
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