Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5305 | +0.0096 | pay 0.0012% / 1h | 1m 10s | $88K | $511K | 20x | Long Popdex | |
| SHORT | 0.5304 | +0.0100 | get 0.0013% / 1h | 1m 10s | $78.0M | $49.1M | 10x | Short Hyperliquid4% off |
Price gap−0.009%
Funding gap+0.0004% /8h
Funding is ≈ 0 and the gap is 0.116% under its 7d average: the price leg works against you, −$12 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$36+0.0004% /8h now · paid +0.357% over the last 7D
Price−$12spread −0.009% now, avg +0.106% → −0.116% if it goes back
Costs−$840.835% of $10k · taker + slippage, in and out
Result−$59−0.59%+ Points / potential airdropHyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / ExitPopdex: thin, under $1M open interest
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−0.009%
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
/8hWLD on 39 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size34.9 / 5.3 bpAt $10k entering Popdex costs 34.9 bp, fee and slippage, 6.5× Hyperliquid’s.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, 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: +$0.12Long Popdex: 24 payments, −$2.88; short Hyperliquid: 24 payments, +$3.00.
- Watch: Gap narrower than usual−0.009% vs +0.106%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$88K vs $78.0M OIPopdex 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 legPopdex No · Hyperliquid NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0186%/8h × 21 periods+$38.96
Price spread−0.009% → +0.106% (7d avg)−$11.57
Slippage, 4 orderslive order books−$68.14
Fee Popdex bp × 2 orders−$6.40
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$56.15
Costs to cover0.835%Break-even17.1 days
Slippage: Popdex: live order book, 18 min ago; Hyperliquid: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex23.8434.9 bp−$35141.9 bp−$1,419doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid0.095.3 bp−$511.7 bp−$11755.4 bp−$5,540doesn’t fit
Closing costs about the same again.
Reya