Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.6848 | +0.0102 | pay 0.0051% / 4h | 3h 19m | $826 | $206K | 10x | Long edgeX | |
| SHORT | 1.6910 | +0.0100 | get 0.0013% / 1h | 19m 49s | $67.1M | $7.3M | 5x | Short Hyperliquid4% off |
Price gap+0.369%
Funding gap−0.0002% /8h
Funding is ≈ 0, so this is a price-spread trade: +$16 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$11−0.0002% /8h now · paid +0.110% over the last 7D
Price+$16spread +0.369% now, avg +0.205% → +0.164% if it goes back
Costs−$2452.445% of $10k · taker + slippage, in and out
Result−$217−2.17%+ Points / potential airdropedgeX: points · Hyperliquid: 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+0.369%
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
/8hZRO on 31 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size109.0 / 16.5 bpAt $10k entering edgeX costs 109.0 bp, fee and slippage, 6.6× Hyperliquid’s.
- Note: Margin at max leverage$1,000 + $2,000edgeX 10x, Hyperliquid 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.07Long edgeX: 6 payments, −$3.07; short Hyperliquid: 24 payments, +$3.00.
- OK: Entry gap works for you+0.369% vs +0.205%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$826 vs $67.1M OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX points · Hyperliquid Season 2Volume here counts toward the points program.
- OK: No KYC on either legedgeX No · Hyperliquid NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0053%/8h × 21 periods+$11.03
Price spread+0.369% → +0.205% (7d avg)+$16.35
Slippage, 4 orderslive order books−$226.52
Fee edgeX bp × 2 orders−$9.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$217.13
Costs to cover2.445%Break-even144.8 days
Slippage: edgeX: live order book, 9 min ago; Hyperliquid: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX2.10109.0 bp−$109doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTHyperliquid3.5816.5 bp−$1637.7 bp−$377134.3 bp−$13.4Kdoesn’t fit
Closing costs about the same again.
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