Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1016 | spot | no funding | — | — | $2.0M | 1x | Buy Hyperliquid Spot4% off | |
| SHORT | 0.1018 | +0.0100 | get 0.0013% / 1h | 3m 03s | $11.4M | $1.6M | 3x | Short Hyperliquid4% off |
Price gap+0.231%
Funding gap+0.0100% /8h
Funding pays +$3 a day on $10k, but the gap is 0.128% under its 7d average: −$13 if it goes back, about 4.3 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$25+0.0100% /8h now · paid +0.252% over the last 7D
Price−$13spread +0.231% now, avg +0.359% → −0.128% if it goes back
Costs−$2692.690% of $10k · taker + slippage, in and out
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.231%
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
/8hPURR on 1 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Thin at this size82.8 / 52.7 bpAt $10k entering Hyperliquid Spot costs 82.8 bp, fee and slippage, 1.6× Hyperliquid’s.
- Note: Spot in full, margin on the short$10,000 + $3,333The spot leg is bought with the whole $10k; Hyperliquid runs at up to 3x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Hyperliquid.
- OK: Only the short pays funding— / 1hThe spot leg pays no funding; Hyperliquid settles every 1h.Next 24h at the current rates, on $10k a leg: +$3.00Long Hyperliquid Spot: 0 payments, $0.00; short Hyperliquid: 24 payments, +$3.00.
- Watch: Gap narrower than usual+0.231% vs +0.359%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$11.4M OIOnly Hyperliquid reports one; the spot book's depth is in the cost check above.
- OK: Points on a legHyperliquid Season 2Volume here counts toward the points program.
- OK: No KYC on either legHyperliquid Spot No · Hyperliquid NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0120%/8h × 21 periods+$25.23
Price spread+0.231% → +0.359% (7d avg)−$12.81
Slippage, 4 orderslive order books−$245.96
Fee Hyperliquid Spot bp × 2 orders−$14.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$256.54
Costs to cover2.690%Break-even78.2 days
Slippage: Hyperliquid Spot: live order book, 14 min ago; Hyperliquid: live order book, 22 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid Spot6.2782.8 bp−$83297.3 bp−$2,973doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid10.2652.7 bp−$53232.0 bp−$2,320doesn’t fitdoesn’t fit
Closing costs about the same again.
PURR news
posts that mention PURR, from every exchange| 10-10 15:02 | Ondo Perps | Other | The most in-demand markets trade 24/7 as perpetuals, weekends included: ▸ Intel ▸ XRP ▸ Gold ▸ AMD ▸ Meta ▸ Tesla ▸ Ondo ▸ Silver ▸ Circle ▸ Apple ▸ Zcash ▸ Netflix ▸ CXMT ▸ TSMC ▸ PURR ▸ DRAM ▸ Oracle ▸ Micron ▸ Bitcoin ▸ US100 ▸ US500 ▸ Nebius ▸ Solana ▸ Ethena ▸ Marvell ▸ Unitree ▸ Copper ▸ NVIDIA ▸ BitMine ▸ Alibaba ▸ Palantir ▸ Corning ▸ SpaceX ▸ Sandisk ▸ Amazon ▸ Zhipu AI ▸ MiniMax ▸ Strategy ▸ SK hynix ▸ Moderna ▸ Alphabet ▸ Microsoft ▸ Semis 3x ▸ Cerebras ▸ USD/JPY ▸ Samsung ▸ Coinbase ▸ Take-Two ▸ Ethereum ▸ Broadcom ▸ Lumentum ▸ BlackBerry ▸ Robinhood ▸ Hyperliquid ▸ CoreWeave ▸ Natural Gas ▸ Arm Holdings ▸ S&P 500 ETF ▸ WTI Crude Oil ▸ Brent Crude Oil ▸ South Korea 3x ▸ Nasdaq 100 ETF ▸ South Korea ETF ▸ Uranium Miners ETF Alongside always-on spot markets: ▸ Tesla ▸ Circle ▸ DRAM ▸ Micron ▸ NVIDIA ▸ SpaceX ▸ Sandisk ▸ Alphabet ▸ Gold ETF ▸ OPAIPon ▸ Silver ETF ▸ S&P 500 ETF ▸ Nasdaq 100 ETF All on a single platform. @OndoPerps on X ↗ |
| 10-08 12:22 | MEXC | Listing | PURR_USDT no longer reported ($PURR) seen by our collector |
| 10-08 12:22 | BingX | Listing | PURR-USDT no longer reported ($PURR) seen by our collector |
| 09-17 15:22 | Ondo Perps | Listing | New markets just dropped. From China’s largest DRAM manufacturer to the largest HYPE treasury and the company behind GTA 6: ▸ CXMT - ChangXin Memory Technologies ▸ ENA - Enablence Technologies ▸ PURR - Hyperliquid Strategies ▸ TTWO - Take-Two Interactive Trade now → @OndoPerps on X ↗ |

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