Fluxy · Use cases · Funding arbitrage
Run a funding-rate arbitrage book, with the data to back it
Perp funding is a real, measurable cash flow — our own five-year study measured BTC funding paying roughly twice as much on Hyperliquid as on Binance since mid-2023. Capturing that spread delta-neutrally is a strategy family, and it lives or dies on infrastructure: settlement-accurate data, funding-aware backtests, and multi-venue execution. That is precisely the machinery this platform runs on.
How it works here
The machinery under it
Settlement-level funding data
The raw material
The same dataset behind our published Funding Rate Almanac: every settlement print on Binance, Hyperliquid, and KuCoin, ingested as it happens — not hourly snapshots interpolated after the fact.
Backtests that charge funding for real
On each venue’s clock
The engine accrues funding at actual settlement timestamps on live mark notional. A cross-venue carry backtest here is the trade you would actually run — a working funding-arb strategy ships as a template.
Multi-venue execution
Both legs, one book
Run the long and short legs across Binance, KuCoin, and Hyperliquid from one portfolio, with reconciliation guards and leverage caps watching both.
Said plainly
What we won't pretend
The honest part: gross funding spreads shrink after fees, slippage, and the basis risk between legs, and inversions cluster exactly when markets are ugliest. Backtest it with our engine precisely because our engine will not flatter it.