Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 4,191.6 | −0.0002 | 0.0000% / 1h | 25m 23s | $845K | $2.0M | 20x | Long Bulk | |
| SHORT | 4,195.6 | +0.0100 | get 0.0013% / 1h | 25m 23s | $22.8M | $1.7M | 10x | Short Hyperliquid4% off |
Price gap+0.096%
Funding gap+0.0102% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.022% above its 7d average: +$2 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$7+0.0102% /8h now · paid +0.068% over the last 7D
Price+$2spread +0.096% now, avg +0.074% → +0.022% if it goes back
Costs−$210.210% of $10k · taker + slippage, in and out
Result−$12−0.12%+ 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+0.096%
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
/8hPAXG on 29 exchanges
lowest funding firstBefore you open
5 ok · 1 to watch- OK: Fits both order books4.3 / 5.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000Bulk 20x, Hyperliquid 10x. 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: +$3.07Long Bulk: 24 payments, +$0.07; short Hyperliquid: 24 payments, +$3.00.
- OK: Entry gap works for you+0.096% vs +0.074%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$845K vs $22.8M OIBulk 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 legBulk No · Hyperliquid NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0034%/8h × 21 periods+$7.06
Price spread+0.096% → +0.074% (7d avg)+$2.15
Slippage, 4 orderslive order books−$5.03
Fee Bulk bp × 2 orders−$7.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$11.82
Costs to cover0.210%Break-even18.7 days
Slippage: Bulk: live order book, 5 min ago; Hyperliquid: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBulk0.004.3 bp−$45.4 bp−$54doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid0.125.3 bp−$56.3 bp−$6314.6 bp−$1,455doesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | PAXGRUSDPERP no longer reported ($PAXG) seen by our collector |
| 09-24 11:53 | Bulk | Other | 2/ A digital token backed by physical gold. Each $PAXG token represents one ounce of London Good Delivery gold, held in custody by Paxos Trust Company, N.A. Learn more: @bulktrade on X ↗ |
| 09-24 11:53 | Bulk | Other | GOLD on BULK Trade $PAXG by @Paxos with up to 20x leverage now on @bulktrade on X ↗ |
| 09-17 15:05 | Deribit | Product | 🚨 Live on Deribit: Coinbase Exchange Liquidity for Spot Markets We’re excited to announce that the following spot markets on Deribit are now routed through Coinbase Exchange liquidity: BTC-USDC · ETH-USDC · XRP-USDC · BNB-USDC · SOL-USDC · PAXG-USDC Read more here: @DeribitOfficial on X ↗ |
Reya
Deribit