Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.04722 | −0.0085 | get 0.0011% / 1h | 15m 49s | $94K | $258K | 5x | Long RISExInvite | |
| SHORT | 0.04723 | +0.0100 | get 0.0013% / 1h | 15m 49s | $35.1M | $4.2M | 5x | Short Hyperliquid4% off |
Price gap+0.032%
Funding gap+0.0185% /8h
Funding pays +$6 a day on $10k, but the gap is 0.086% under its 7d average: −$9 if it goes back, about 37 hours of funding. At the last 7 days' pace that is about 3.4 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$18+0.0185% /8h now · paid +0.180% over the last 7D
Price−$9spread +0.032% now, avg +0.118% → −0.086% if it goes back
Costs−$350.355% of $10k · taker + slippage, in and out
Result−$26−0.26%+ Points / potential airdropHyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest
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+0.032%
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
/8hSTRK on 30 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Large against open interest7.3 / 11.5 bp$10k is over 10% of RISEx’s open interest.
- Note: Margin at max leverage$2,000 + $2,000RISEx 5x, Hyperliquid 5x. 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: +$5.55Long RISEx: 24 payments, +$2.55; short Hyperliquid: 24 payments, +$3.00.
- Watch: Gap narrower than usual+0.032% vs +0.118%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$94K vs $35.1M OIRISEx 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 legRISEx No · Hyperliquid NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0086%/8h × 21 periods+$18.04
Price spread+0.032% → +0.118% (7d avg)−$8.63
Slippage, 4 orderslive order books−$20.49
Fee RISEx bp × 2 orders−$6.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$26.08
Costs to cover0.355%Break-even17.1 days
Slippage: RISEx: live order book, 37 min ago; Hyperliquid: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGRISEx4.197.3 bp−$728.4 bp−$284doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid1.0511.5 bp−$1228.5 bp−$285100.2 bp−$10.0Kdoesn’t fit
Closing costs about the same again.
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