Futures — Futures · perp ⇄ perp

Same perp, two venues,
one gap that has to close.

Cross-venue perpetual arbitrage. Long the perp on the cheap exchange, short it on the expensive one — instant delta-zero. No transfer, no on-chain, no network fees. The gap closes because funding rates diverge to push both sides back to fair value. 30+ perpetual venues scanned including Hyperliquid, Lighter and EdgeX.

30+ perp venues no transfer needed funding tracked minutes–hours hold
How it works

Two perp books, one trade, no on-chain.

01 / INGEST

Subscribe every perp book

Rust WebSocket workers subscribe to the perp orderbook + funding stream on every supported exchange. Hyperliquid, Lighter, EdgeX get bespoke parsers — they speak different protocols than the CEX standard.

02 / CROSS-PAIR

All venues vs all venues

For each perpetual, every venue pair is scanned for spread direction. With 30+ venues that's 870+ pair combinations per token, computed in parallel. Both sides of the spread emit signals so you can pick direction.

03 / VERIFY

Walk both books

Volume-weighted average up to a $1k notional fill on each side. Funding-rate signs matter: if both legs charge funding the same way, the spread will be slow to close — flagged on the alert.

04 / DELIVER

Long + short, instant

Alert lists both legs with deeplinks, current funding rates with cadence (Hyperliquid 1h, Binance 8h), spread closure projection, and recommended hold horizon. Open both legs — you're delta-zero from the moment the second fills.

Coverage

Thirty-plus perp venues, every contract paired.

Including the venues most scanners skip — Hyperliquid, Lighter, EdgeX, Phemex — where spreads live longer because depth is concentrated and competitors are thin.

Binance Bybit OKX Bitget KuCoin MEXC Gate.io BingX HTX Bitmart Phemex Hyperliquid Lighter EdgeX AscendEX Coinex XT LBank + 12 more, updates monthly
Signal format

What the futures channel sends.

Header carries the spread, magnitude tier, projected net at $1k. Long and Short rows show both perpetual legs with funding rates inline so you see the funding sign before you size the position.

The FUTURES table lists every perp venue trading the contract, sorted by spread, with funding rate + cadence. Rows where funding works against you are dimmed — useful when you're picking which leg to enter on.

  • Magnitude tiers: HIGH ≥1.5%, MEDIUM ≥0.6%
  • Funding sign + cadence on every row (1h / 4h / 8h)
  • Hyperliquid, Lighter, EdgeX get a dedicated route flag
  • No deposit/withdraw checks — perps live on margin
F
Finder · FUTURES HIGH
perp ⇄ perp arbitrage
SOL 2.14% ⚡(18$ on $1000) | PERP
Long: HL_f $164.20 +0.018% 1h
Short: Bybit_f $167.71 +0.012% 8h
——————— FUTURES ⬇3/14 ——————— Exchange Dif Prof Price Funding HL_f 2.14% 18$ 164.20 +0.018% 1h Lighter_f 1.82% 14$ 164.74 +0.014% 1h Bybit_f 0.00% 0$ 167.71 +0.012% 8h
⚙️ Hold projection:
1h: +$18 · 4h: +$24 · until close ≈ $32
🕔 2026-04-29 17:44:08 UTC
17:44 ✓✓
All perp pairsFunding diffBy venue
Route / Token
Long
Short
Spread
Net
Funding Δ
Age
S
HL_f → BYBIT_f
SOL
Hyperliquid
$164.20
Bybit_f
$167.71
+2.14%
+$18
+0.006% / 8h
4s
E
LIGHTER_f → BINANCE_f
ETH
Lighter
$3812.40
Binance_f
$3878.20
+1.72%
+$14
+0.004% / 8h
9s
D
EDGEX_f → OKX_f
DOGE
EdgeX
$0.382
OKX_f
$0.391
+2.36%
+$19
+0.011% / 8h
14s
A
PHEMEX_f → MEXC_f
AVAX
Phemex
$24.18
MEXC_f
$24.62
+1.82%
+$15
+0.008% / 8h
22s
X
XT_f → BINGX_f
XRP
XT
$0.612
BingX_f
$0.621
+1.47%
+$12
+0.005% / 8h
31s
Dashboard

Watch every perp pair, every funding flip.

All perp pairs is the firehose — every venue-pair for every contract, sorted by spread, magnitude filter, depth filter. Useful when you're shopping for the highest-spread route on a token you already want to trade.

Funding diff sorts by funding-rate divergence: large funding deltas across venues telegraph upcoming spread closure. Open the trade before the spread closes, exit after the funding flip.

  • Hyperliquid / Lighter / EdgeX surfaced as their own venue group
  • Funding cadence shown so 1h vs 8h venues are obvious
  • Click any row → side-by-side perp orderbook walk
  • No deposit/withdraw status — perps live on margin only
Included in

Futures–Futures is in Spreads and All-in-one.

Same plan as Spot–Spot and Spot–Futures hedge. Standalone DEX-Dumps does not include perp arbitrage.

Spreads
All CEX–CEX spreads + futures + hedge.
$79 / mo
$209 / quarter — 12% off
See full plan
Futures–Futures FAQ

Practical questions about perp–perp arbitrage.

Why no transfer? Don't I need the asset on both venues?
Perpetuals settle in margin currency (usually USDT or USDC), not the underlying asset. You hold USDT on both exchanges, open opposite directions on the perp contract, and your PnL nets out. No ETH or SOL or whatever ever leaves an exchange. The whole position is delta-zero from the moment the second leg fills.
Hyperliquid funds hourly, Binance every 8 hours — how does that play out?
That's exactly what makes the spread move. Hourly-funded venues react faster — when the spread blows out on Hyperliquid, funding rates spike within an hour and pull the price back. 8h-funded venues are slower to correct. The pre-trade view annotates funding cadence on every leg so you know which side will move first.
How long do these spreads typically live?
Most close inside one funding cycle — for an HL ⇄ Binance pair that's an hour. Smaller spreads (≤1%) sometimes persist for several hours when funding rates already work to maintain them. The signal carries a closure projection and the dashboard shows the spread live so you exit when it tightens.
What's the risk if the spread keeps widening?
Same as Spot–Futures: liquidation on whichever leg moves against you faster. Mitigation is conservative leverage (≤3×) on each leg and using venues with cross-margin so the netted PnL keeps both legs alive even if the spread stretches. Spread blowouts are rare — most that hit the channel close inside hours.
Why include Hyperliquid, Lighter, EdgeX specifically?
They're the venues most scanners skip — niche perp DEXes / orderbook-style L2s that have grown into real depth without competition for arbitrage. Funding rates there react differently from Binance/Bybit, so the spreads against them live longer. Bespoke parsers because they speak protocols different from the CEX standard.
Other arbitrage types

Different shape, different rhythm.

Three days, no card

Run perp arb on your watchlist.

3 days inside the live FUTURES channels. If the cross-venue flow fits, the math works at any size. If not, walk — no card on file.

Start trial