Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.005920 | +0.0100 | pay 0.0013% / 1h | 25m 28s | $129K | $364K | 10x | Long Bulk | |
| SHORT | 0.005901 | +0.0202 | get 0.0025% / 1h | 25m 28s | $288.7M | $277.5M | 10x | Short Hyperliquid4% off |
Price gap−0.321%
Funding gap+0.0102% /8h
Funding pays +$3 a day on $10k, but the gap is 0.454% under its 7d average: −$45 if it goes back, about 15 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$26+0.0102% /8h now · paid +0.260% over the last 5 days (all we have)
Price−$45spread −0.321% now, avg +0.133% → −0.454% if it goes back
Costs−$330.330% of $10k · taker + slippage, in and out
Result−$52−0.52%+ Points / potential airdropHyperliquid: Season 2 · farm boardWhat 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 Bulknow
RANGE STATS · 7D
Now−0.321%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPUMP on 42 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size4.9 / 15.1 bpAt $10k entering Hyperliquid costs 15.1 bp, fee and slippage, 3.1× Bulk’s.
- Note: Margin at max leverage$1,000 + $1,000Bulk 10x, 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: +$3.05Long Bulk: 24 payments, −$3.00; short Hyperliquid: 24 payments, +$6.05.
- Watch: Gap narrower than usual−0.321% vs +0.133%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$129K vs $288.7M 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+0.0162%/8h × 21 periods+$33.92
Price spread−0.321% → +0.133% (7d avg)−$45.41
Slippage, 4 orderslive order books−$17.04
Fee Bulk bp × 2 orders−$7.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$44.54
Costs to cover0.330%Break-even16.2 days
Slippage: Bulk: live order book, 43 min ago; Hyperliquid: live order book, 8 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBulk0.014.9 bp−$57.2 bp−$72doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid0.8415.1 bp−$1525.5 bp−$255doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 09-18 16:36 | RISEx | Other | Privacy is still holding with $ZEC in its second straight week as a top gainer: +12.34% to +35.35%. Everything else on the weekly board turned over. Oil went from a gainer to a loser (CL and BZ both went a full round trip), while $PUMP went from -15.44% to +10.44% this week. @risextrade on X ↗ |


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