Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.6819 | +0.0100 | pay 0.0013% / 1h | 56m 18s | $66.6M | $8.4M | 5x | Long Hyperliquid4% off | |
| SHORT | 1.6750 | +0.0100 | get 0.0013% / 1h | 56m 18s | $2.5M | $643K | 50x | Short TxFlow5% off |
Price gap−0.410%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.199% under its 7d average: the price leg works against you, −$20 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$70.0000% /8h now · paid −0.068% over the last 7D
Price−$20spread −0.410% now, avg −0.211% → −0.199% if it goes back
Costs−$460.461% of $10k · taker + slippage, in and out
Result−$73−0.73%+ Points / potential airdropHyperliquid: Season 2 · TxFlow: points · 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−0.410%
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
4 ok · 2 to watch- OK: Fits both order books10.3 / 12.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$2,000 + $200Hyperliquid 5x, TxFlow 50x. 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: $0.00Long Hyperliquid: 24 payments, −$3.00; short TxFlow: 24 payments, +$3.00.
- Watch: Gap narrower than usual−0.410% vs −0.211%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$2.5M vs $66.6M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2 · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legHyperliquid No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0033%/8h × 21 periods−$6.84
Price spread−0.410% → −0.211% (7d avg)−$19.90
Slippage, 4 orderslive order books−$28.09
Fee Hyperliquid bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$72.84
Costs to cover0.461%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 7 min ago; TxFlow: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid0.3010.3 bp−$1034.3 bp−$343141.2 bp−$14.1Kdoesn’t fit
SELL · SHORTTxFlow1.7912.3 bp−$1244.3 bp−$443doesn’t fitdoesn’t fit
Closing costs about the same again.
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