Funding arb · Price arb / Crypto
USELESS
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2423 | +0.0984 | pay 0.0123% / 1h | 17m 59s | $11.7M | $6.7M | 3x | Long Hyperliquid4% off | |
| SHORT | 0.2419 | +0.0450 | get 0.0056% / 1h | 17m 59s | $202K | $390K | 10x | Short Arcus5% off |
Price gap−0.173%
Funding gap−0.0534% /8h
Both sides work against this direction now: funding costs $16 a day on $10k and the gap is 0.256% under its 7d average. Swap the legs.
Funding on this pair paid 0.742% 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+$74−0.0534% /8h now · paid +0.742% over the last 6 days (all we have)
Price−$26spread −0.173% now, avg +0.083% → −0.256% if it goes back
Costs−$710.705% of $10k · taker + slippage, in and out
Result−$22−0.22%+ 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−0.173%
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
3 ok · 3 to watch- Watch: Thin at this size19.4 / 11.6 bpAt $10k entering Hyperliquid costs 19.4 bp, fee and slippage, 1.7× Arcus’s.
- Note: Margin at max leverage$3,333 + $1,000Hyperliquid 3x, Arcus 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: −$16.01Long Hyperliquid: 24 payments, −$29.51; short Arcus: 24 payments, +$13.49.
- Watch: Gap narrower than usual−0.173% vs +0.083%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$202K vs $11.7M 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 legHyperliquid No · Arcus NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0419%/8h × 21 periods+$88.00
Price spread−0.173% → +0.083% (7d avg)−$25.65
Slippage, 4 orderslive order books−$57.01
Fee Hyperliquid bp × 2 orders−$9.00
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k−$8.15
Costs to cover0.705%Break-even7.6 days
Slippage: Hyperliquid: live order book, 8 min ago; Arcus: live order book, 44 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid4.5319.4 bp−$1966.6 bp−$666doesn’t fitdoesn’t fit
SELL · SHORTArcus7.9211.6 bp−$1230.2 bp−$302doesn’t fitdoesn’t fit
Closing costs about the same again.
Nado