Funding arb · Price arb / Crypto
USELESS
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2527 | +0.0100 | pay 0.0013% / 1h | 56m 32s | $203K | $408K | 10x | Long Arcus5% off | |
| SHORT | 0.2534 | +0.1372 | get 0.0172% / 1h | 56m 32s | $12.3M | $7.2M | 3x | Short Hyperliquid4% off |
Price gap+0.289%
Funding gap+0.1272% /8h
Both sides work: funding pays +$38 a day on $10k, and the gap is 0.372% above its 7d average: +$37 more if it goes back.
Funding on this pair cost 0.753% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$75+0.1272% /8h now · paid −0.753% over the last 6 days (all we have)
Price+$37spread +0.289% now, avg −0.083% → +0.372% if it goes back
Costs−$680.684% of $10k · taker + slippage, in and out
Result−$107−1.07%+ Points / potential airdropHyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.289%
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
/8hUSELESS on 26 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Thin at this size19.7 / 14.1 bpAt $10k entering Arcus costs 19.7 bp, fee and slippage, 1.4× Hyperliquid’s.
- Note: Margin at max leverage$1,000 + $3,333Arcus 10x, Hyperliquid 3x. 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: +$38.17Long Arcus: 24 payments, −$3.00; short Hyperliquid: 24 payments, +$41.17.
- OK: Entry gap works for you+0.289% vs −0.083%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$203K vs $12.3M OIArcus 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 legArcus No · Hyperliquid NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0427%/8h × 21 periods−$89.72
Price spread+0.289% → −0.083% (7d avg)+$37.16
Slippage, 4 orderslive order books−$54.89
Fee Arcus bp × 2 orders−$4.50
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$120.95
Costs to cover0.684%Break-evennever at this rate
Slippage: Arcus: live order book, 5 min ago; Hyperliquid: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGArcus7.9219.7 bp−$2032.7 bp−$327doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid1.1814.1 bp−$1458.0 bp−$580243.3 bp−$24.3Kdoesn’t fit
Closing costs about the same again.
Nado