Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004404 | +0.0100 | pay 0.0013% / 1h | 20m 05s | $38.5M | $19.1M | 10x | Long Hyperliquid4% off | |
| SHORT | 0.000004396 | +0.0100 | get 0.0013% / 1h | 20m 05s | $64K | $287K | 40x | Short TxFlow5% off |
Price gap−0.182%
Funding gap0.0000% /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−$300.0000% /8h now · paid −0.298% over the last 7D
Price−$1spread −0.182% now, avg −0.169% → −0.012% if it goes back
Costs−$280.284% of $10k · taker + slippage, in and out
Result−$59−0.59%+ 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−0.182%
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
/8hPEPE on 39 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Large against open interest7.5 / 5.6 bp$10k is over 10% of TxFlow’s open interest.
- Note: Margin at max leverage$1,000 + $250Hyperliquid 10x, TxFlow 40x. 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: $0.00Long Hyperliquid: 24 payments, −$3.00; short TxFlow: 24 payments, +$3.00.
- Note: Gap at its usual level−0.182% vs −0.169%The price leg adds little either way.
- Watch: Short leg is thinner$64K vs $38.5M 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−0.0142%/8h × 21 periods−$29.81
Price spread−0.182% → −0.169% (7d avg)−$1.23
Slippage, 4 orderslive order books−$10.45
Fee Hyperliquid bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$59.48
Costs to cover0.284%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 9 min ago; TxFlow: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid1.147.5 bp−$711.4 bp−$11443.9 bp−$4,391164.2 bp−$82.1K
SELL · SHORTTxFlow1.145.6 bp−$69.5 bp−$9537.9 bp−$3,785doesn’t fit
Closing costs about the same again.
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