Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3451 | spot | no funding | — | — | $12K | 1x | Buy Hyperliquid Spot4% off | |
| SHORT | 0.3454 | +0.0100 | get 0.0013% / 1h | 44m 53s | $3.7M | $1.9M | 5x | Short Hyperliquid4% off |
Price gap+0.116%
Funding gap+0.0100% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.103% above its 7d average: +$10 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$21+0.0100% /8h now · paid +0.210% over the last 7D
Price+$10spread +0.116% now, avg +0.012% → +0.103% if it goes back
Costsno datano order book for Hyperliquid Spot
Result, before costs+$31+0.31%+ Points / potential airdropHyperliquid: Season 2 · farm boardcosts unknown: no order book for Hyperliquid Spot ·
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.116%
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
/8hSPX on 20 exchanges
lowest funding firstBefore you open
4 ok · 0 to watch- Note: Order book unknown—No order-book sample for Hyperliquid Spot: its slippage is not counted.
- Note: Spot in full, margin on the short$10,000 + $2,000The spot leg is bought with the whole $10k; Hyperliquid runs at up to 5x. 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.
- OK: Entry gap works for you+0.116% vs +0.012%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Spot has no open interest$3.7M 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+0.0100%/8h × 21 periods+$21.00
Price spread+0.116% → +0.012% (7d avg)+$10.34
Slippage, 4 ordersno data for Hyperliquid Spot—
Fee Hyperliquid Spot bp × 2 orders−$14.00
Fee Hyperliquid bp × 2 orders−$9.00
Net, fees only · 7 days · $10k+$8.34
Costs to cover0.230%Break-even4.2 days
Slippage: Hyperliquid Spot: no order-book sample; Hyperliquid: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid Spot—————
SELL · SHORTHyperliquid6.1629.9 bp−$3086.5 bp−$865doesn’t fitdoesn’t fit
Closing costs about the same again.
Hyperliquid Spot: no data.
SPX news
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