Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2466 | +0.0100 | pay 0.0013% / 1h | 41m 02s | $7.3M | $2.1M | 5x | Long Hyperliquid4% off | |
| SHORT | 0.2462 | +0.0100 | get 0.0050% / 4h | 3h 41m | $1.7M | $2.4M | 50x | Short Phemex |
Price gap−0.150%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is at its 7d average: nothing to capture right now.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$290.0000% /8h now · paid −0.286% over the last 7D
Price$0spread −0.150% now, avg −0.149% → −0.001% if it goes back
Costs−$1061.063% of $10k · taker + slippage, in and out
Result−$135−1.35%+ 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−0.150%
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
/8hWIF on 33 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size11.5 / 39.5 bpAt $10k entering Phemex costs 39.5 bp, fee and slippage, 3.4× Hyperliquid’s.
- Note: Margin at max leverage$2,000 + $200Hyperliquid 5x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long Hyperliquid: 24 payments, −$3.00; short Phemex: 6 payments, +$3.00.
- Note: Gap at its usual level−0.150% vs −0.149%The price leg adds little either way.
- Note: Short leg is thinner$1.7M vs $7.3M OIBoth legs are deep; Phemex is the smaller one.
- OK: Points on a legHyperliquid Season 2Volume here counts toward the points program.
- Watch: KYCHyperliquid No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0136%/8h × 21 periods−$28.60
Price spread−0.150% → −0.149% (7d avg)−$0.14
Slippage, 4 orderslive order books−$85.30
Fee Hyperliquid bp × 2 orders−$9.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$135.05
Costs to cover1.063%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 2 min ago; Phemex: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid0.4111.5 bp−$1224.1 bp−$241197.0 bp−$19.7Kdoesn’t fit
SELL · SHORTPhemex10.1439.5 bp−$39183.5 bp−$1,835doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | WIFRUSDPERP no longer reported ($WIF) seen by our collector |
| 09-23 12:07 | Phemex | Listing | 🚀 New listing: $WIF Perps (@dogwifcoin) $WIF/USDT futures are now live on Phemex with up to 20x leverage. 🔗 Trade here: @Phemex_official on X ↗ |
| 09-23 09:31 | Phemex | Listing | new market WIFUSDT ($WIF) seen by our collector |
| 09-22 07:03 | ApeX Omni | Other | 59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗ |


ApeX Omni