XPL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowXPL-USDC	0.07135	−0.0173	get 0.0022% / 1h	30m 52s	$292K	$205K	25x	Long TxFlow5% off
SHORT	HyperliquidXPL	0.07150	+0.0100	get 0.0013% / 1h	30m 52s	$49.8M	$4.3M	10x	Short Hyperliquid4% off

Price gap+0.206%

Funding gap+0.0273% /8h

Funding trade: +$8 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$50+0.0273% /8h now · paid +0.499% over the last 7D

Price$0spread +0.206% now, avg +0.204% → +0.002% if it goes back

Costs−$380.382% of $10k · taker + slippage, in and out

Result+$12+0.12%+ Points / potential airdropTxFlow: points · Hyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / 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+0.206%

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

/8h

XPL on 34 exchanges

lowest funding first

Before you open

4 ok · 1 to watch

OK: Fits both order books10.7 / 9.5 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$400 + $1,000
TxFlow 25x, Hyperliquid 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$8.18Long TxFlow: 24 payments, +$5.18; short Hyperliquid: 24 payments, +$3.00.
Note: Gap at its usual level+0.206% vs +0.204%
The price leg adds little either way.
Watch: Long leg is thinner$292K vs $49.8M OI
TxFlow sets your exit cost. Check its book before closing.
OK: Points on a legTxFlow points · Hyperliquid Season 2
Volume here counts toward the points program.
OK: No KYC on either legTxFlow No · Hyperliquid No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0237%/8h × 21 periods+$49.87

Price spread+0.206% → +0.204% (7d avg)+$0.16

Slippage, 4 orderslive order books−$20.18

Fee TxFlow bp × 2 orders−$9.00

Fee Hyperliquid bp × 2 orders−$9.00

Net · 7 days · $10k+$11.85

Costs to cover0.382%Break-even5.3 days

Slippage: TxFlow: live order book, 40 min ago; Hyperliquid: live order book, 7 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGTxFlow1.3910.7 bp−$1124.7 bp−$247doesn’t fitdoesn’t fit

SELL · SHORTHyperliquid0.919.5 bp−$1022.6 bp−$226doesn’t fitdoesn’t fit

Closing costs about the same again.

XPL