Cross-exchange perpetual context
Proliquid Funding compares crypto perpetual funding rates alongside open interest, volume, and max-arb spreads across supported exchanges, with configurable venue selection for the markets you can actually access.
Use the table to investigate carry, crowded positioning, and potential long-short funding differences. When Hyperliquid is part of the setup, open the market in Terminal for chart, account, liquidity, and execution planning.
Free to explore · Connect a wallet only when you are ready to trade
Compare the carry
A funding percentage alone says little about capacity, persistence, or execution. Proliquid keeps supporting measurements in the same scan.
Rate
Compare positive and negative perpetual funding across the supported venues you select, including the direction of payments between longs and shorts.
Capacity
Open interest shows outstanding perp exposure, while recent volume helps assess whether a market can support the size under review.
Spread
The max-arb view identifies the current long venue, short venue, and estimated daily or annualized comparison for the selected exchange set.
Control
Limit calculations to exchanges available to you so the displayed opportunity set reflects your actual ability to open and maintain both legs.
Funding validation workflow
A practical funding workflow tests whether a displayed difference remains executable and worth monitoring after every relevant constraint.
Read the product guideSelect only exchanges where you have access, collateral, and operational readiness to open and close the required position.
Compare rate history or recent stability, open interest, volume, basis, price movement, and executable orderbook liquidity on both sides.
Include trading fees, builder fees where applicable, slippage, transfers, funding timing, and the risk that rates or basis move before both legs fill.
Plan the Hyperliquid leg in Proliquid Terminal and manage the external leg on its venue. Reassess when funding flips or one side cannot be maintained.
Funding limitations
Funding rates can change at every interval. A large current spread does not guarantee the same payments over a day, month, or year.
Funding can flip, while prices between venues can diverge enough to outweigh expected carry before the position is closed.
One leg may fill while the other slips, rejects, or becomes unavailable, leaving unintended directional exposure.
Each exchange has distinct margin, liquidation, fee, withdrawal, API, and availability conditions that require independent review.
Before you trade
Product behavior and limits, explained without trading promises.
It is a periodic payment between long and short perpetual positions. The sign and magnitude show which side is paying, but interval conventions and current rates can differ by exchange.
Max arb is Proliquid's funding-rate arbitrage comparison. It compares selected venues and identifies the current long side, short side, and projected spread from their funding rates. It is a research comparison, not a guaranteed or risk-free arbitrage return.
No. Daily and annualized values project the current rate for easier comparison. Funding can change or reverse, and actual results depend on fees, slippage, basis, liquidity, and execution.
Proliquid can help manage the Hyperliquid side through Terminal. If the other leg is on another exchange, it must be executed and monitored on that external venue.
Compare before you carry
Use Proliquid Funding to narrow the opportunity set, then validate liquidity, basis, fees, and venue access.
