sunday arb strategy:
hyperliquid perps have been consistently reporting an oracle price on $pump lower than other perps venues, and hence has a higher funding rate
perps venues typically have different funding rates because the mark prices differ, but this is unique because mark prices are tracking similarly across binance perps and hyperliquid perps
as of right now the 8hr funding rates on binance and hyperliquid are 0.01% and 0.028% respectively, marking the funding rate differential as 0.018% (yesterday this was as high as 0.05%)
the arbitrage strategy is to open a long position on binance perps and a short position on hyperliquid perps at the same mark price, and you pocket the funding rate spread
with leverage you can go up to 5x on this
(be careful with execution price/fees and managing the positions tho because its a volatile token)
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