Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.005860 | +0.0159 | pay 0.0020% / 1h | 40m 00s | $286.2M | $276.7M | 10x | Long Hyperliquid4% off | |
| SHORT | 0.005884 | +0.0100 | get 0.0013% / 1h | 40m 00s | $129K | $362K | 10x | Short Bulk |
Price gap+0.410%
Funding gap−0.0059% /8h
The gap pays +$54 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 30 days. At the last 7 days' pace that is about 11 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$26−0.0059% /8h now · paid −0.261% over the last 5 days (all we have)
Price+$54spread +0.410% now, avg −0.127% → +0.537% if it goes back
Costs−$240.243% of $10k · taker + slippage, in and out
Result+$3+0.03%+ 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
Bulk price against Hyperliquidnow
RANGE STATS · 7D
Now+0.410%
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
5 ok · 1 to watch- OK: Fits both order books7.0 / 5.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $1,000Hyperliquid 10x, Bulk 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: −$1.78Long Hyperliquid: 24 payments, −$4.78; short Bulk: 24 payments, +$3.00.
- OK: Entry gap works for you+0.410% vs −0.127%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$129K vs $286.2M 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 legHyperliquid No · Bulk 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−$33.94
Price spread+0.410% → −0.127% (7d avg)+$53.70
Slippage, 4 orderslive order books−$8.31
Fee Hyperliquid bp × 2 orders−$9.00
Fee Bulk bp × 2 orders−$7.00
Net · 7 days · $10k−$4.55
Costs to cover0.243%Break-evenfrom the start
Slippage: Hyperliquid: live order book, 4 min ago; Bulk: live order book, 24 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid0.857.0 bp−$714.4 bp−$144doesn’t fitdoesn’t fit
SELL · SHORTBulk1.085.8 bp−$67.7 bp−$77doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-28 15:17 | OKX | Other | New X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗ |
| 09-28 15:16 | Phoenix | Contest | It’s Solana Ecosystem week on Frontier Traders. Trade SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, and FARTCOIN perpetuals on Phoenix to compete for a $25,000 prize pool across Volume and PnL leaderboards. @PhoenixTrade on X ↗ |
| 09-25 14:48 | Phoenix | Contest | $SOL went up, and so did the rewards. Earn an additional $25k in rewards for trading @solana ecosystem tokens on Phoenix this week, courtesy of @joinfrontier SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, FART @PhoenixTrade on X ↗ |
| 09-24 14:13 | Bulk | Other | PUMP IT Trade $PUMP by @Pumpfun with up to 10x leverage now on @bulktrade on X ↗ |
| 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 ↗ |
OKX
Phoenix
RISEx