Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.4760 | +0.0100 | pay 0.0013% / 1h | 5m 36s | $136K | $612K | 50x | Long TxFlow5% off | |
| SHORT | 6.4887 | +0.0100 | get 0.0013% / 1h | 5m 36s | $80.0M | $93.4M | 10x | Short Hyperliquid4% off |
Price gap+0.196%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$4 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$190.0000% /8h now · paid +0.190% over the last 7D
Price+$4spread +0.196% now, avg +0.154% → +0.042% if it goes back
Costs−$270.270% of $10k · taker + slippage, in and out
Result−$4−0.04%+ Points / potential airdropTxFlow: points · Hyperliquid: 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+0.196%
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
5 ok · 1 to watch- OK: Fits both order books5.3 / 7.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + $1,000TxFlow 50x, Hyperliquid 10x. 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: $0.00Long TxFlow: 24 payments, −$3.00; short Hyperliquid: 24 payments, +$3.00.
- OK: Entry gap works for you+0.196% vs +0.154%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$136K vs $80.0M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow points · Hyperliquid Season 2Volume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Hyperliquid NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0091%/8h × 21 periods+$19.04
Price spread+0.196% → +0.154% (7d avg)+$4.20
Slippage, 4 orderslive order books−$9.01
Fee TxFlow bp × 2 orders−$9.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$3.77
Costs to cover0.270%Break-even8.4 days
Slippage: TxFlow: live order book, 41 min ago; Hyperliquid: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow0.795.3 bp−$511.3 bp−$11352.6 bp−$5,260doesn’t fit
SELL · SHORTHyperliquid1.867.0 bp−$711.0 bp−$11036.3 bp−$3,631101.2 bp−$50.6K
Closing costs about the same again.
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