Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.7546 | +0.0100 | pay 0.0013% / 1h | 26m 56s | $69.1M | $17.3M | 10x | Long Hyperliquid4% off | |
| SHORT | 6.7570 | −0.0001 | 0.0000% / 1h | 26m 56s | $225K | $31K | — | Short AZverse |
Price gap+0.036%
Funding gap−0.0101% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 34 hours. At the last 7 days' pace that is about 3.1 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1−0.0101% /8h now · paid −0.011% over the last 20 hours (all we have)
Price+$4spread +0.036% now, avg −0.007% → +0.043% if it goes back
Costsno datano order book for AZverse
Result, before costs+$3+0.03%+ Points / potential airdropHyperliquid: Season 2 · farm boardcosts unknown: no order book for AZverse · What 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+0.036%
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
/8hUNI on 46 exchanges
lowest funding firstBefore you open
4 ok · 1 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage$1,000 + —Hyperliquid 10x, AZverse —. 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: −$3.03Long Hyperliquid: 24 payments, −$3.00; short AZverse: 24 payments, −$0.03.
- OK: Entry gap works for you+0.036% vs −0.007%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$225K vs $69.1M OIAZverse 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 · AZverse NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0046%/8h × 21 periods−$9.67
Price spread+0.036% → −0.007% (7d avg)+$4.26
Slippage, 4 ordersno data for AZverse—
Fee Hyperliquid bp × 2 orders−$9.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$26.41
Costs to cover0.210%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 7 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid0.966.6 bp−$711.4 bp−$11432.7 bp−$3,27496.2 bp−$48.1K
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
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