Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.02242 | +0.0100 | pay 0.0013% / 1h | 8m 25s | $1.5M | $136K | 3x | Long Hyperliquid4% off | |
| SHORT | 0.02244 | +0.0100 | get 0.0050% / 4h | 8m 25s | $1.7M | $921K | 25x | Short Binance |
Price gap+0.080%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.117% under its 7d average: the price leg works against you, −$12 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$30.0000% /8h now · paid +0.034% over the last 7D
Price−$12spread +0.080% now, avg +0.198% → −0.117% if it goes back
Costs−$1231.233% of $10k · taker + slippage, in and out
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+0.080%
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
/8hSTBL on 12 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size22.8 / 34.6 bpAt $10k entering Binance costs 34.6 bp, fee and slippage, 1.5× Hyperliquid’s.
- Note: Margin at max leverage$3,333 + $400Hyperliquid 3x, Binance 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long Hyperliquid: 24 payments, −$3.00; short Binance: 6 payments, +$3.00.
- Watch: Gap narrower than usual+0.080% vs +0.198%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Long leg is thinner$1.5M vs $1.7M OIBoth legs are deep; Hyperliquid is the smaller one.
- OK: Points on a legHyperliquid Season 2Volume here counts toward the points program.
- Watch: KYCHyperliquid No · Binance YesVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0016%/8h × 21 periods+$3.37
Price spread+0.080% → +0.198% (7d avg)−$11.74
Slippage, 4 orderslive order books−$104.29
Fee Hyperliquid bp × 2 orders−$9.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$131.66
Costs to cover1.233%Break-even280.3 days
Slippage: Hyperliquid: live order book, 3 min ago; Binance: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid2.0122.8 bp−$23doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBinance2.2234.6 bp−$35234.9 bp−$2,349doesn’t fitdoesn’t fit
Closing costs about the same again.

