Funding Rate Arbitrage. ćÆćŖććć«ćććš“éå©ć¢ć¼ććć©ć¼ćøć¾ćØć.
FRć¢ććć©ę¦ē„ć¾ćØć
šä»®ę³éč²Øåå¼ęé殚č³éčŖæéēć®å·®ē°ćå©ēØćć¦éå©åå „ććØćę¹ę³.
ęµ·å¤åå¼ęē”ęéå ē©ć§FRćå°ćććØććć§ćć³ć°, FRć大ćććØććć§ć·ć§ć¼ććØććš“ćć«ćæćć„ć¼ćć©ć«ę¦ē„ć®äøēØ®.
- Funding Rate Arbitrage, Interst Rate Arbitrage.
- FRć¢ććć©, FRč£å®.
ę¦ē„åč«
åŗę¬ć®åćÆ2ć¤.
- š“Spot-Perp FR Arb: Funding rate arbitrage between spot and perpetual
- š“Cross-Ex FR Arb: Different Funding Rates across Exchanges
š“Spot-Perp FR Arb
åäøåå¼ę Spot/Perpetual FR Arbitrage.
éå©åććØćå¼ć°ćć. ē¾ē©-PERP FR.
ē¾ē©åå¼ć«ćÆFRćÆćŖć, Perpåå¼ć®ćæFRćććć®ć§, å³åÆć«ćÆFRć®å·®åćå©ēć«ććFRć¢ććć©ć§ćÆćŖćć, ē¾ē©FR=0%ćØPerp FR=X%ć®ä¹é¢åććØčććć°ćć.
å½å åå¼ęć§ä»®ę³éč²Øć®ē¾ē©č³¼å „(ćć³ć°ććøć·ć§ć³)ććć¦, ćććęµ·å¤åå¼ęć«éé. ććć¦ćć®éč²Øćčؼę éć«ćć¦ē”ęéå ē©åøå “ć§ć·ć§ć¼ćććøć·ć§ć³ććć£ć¦ę¾ē½®.
FRć¤ć³ć»ć³ćć£ćć«ć¤ćć¦ćÆćéćé ćć¦éå©ććććć¤ć”ć¼ćø. ććøć·ć§ć³ćē«ć¦ć¦ććć ćć§FRć¤ć³ć»ć³ćć£ććēŗēćććć, ä¾”ę ¼ć®äøäøćäŗęø¬ććć«ćć ćéćé ćć¦ćććØććććć¤ć³ć.
ćć ć, éč”ć«ćéćé ćććØå©åćē©ćæäøćććććććé ććŖććØčćå©ēć§ććććć«, ććēØåŗ¦ć®å ęćåæ č¦.
š”ćć¤ćć¹éå©ęć®ē¾ē©ćć¼ćøć³ćØć®äø”å»ŗć¦
ćć¤ćć¹éå©, ć¤ć¾ćē”ęéå ē©ć§ć·ć§ć¼ćććøć·ć§ć³ćę§ēÆćććØęę°ęćåćććå “å, éć«ćć³ć°ććććØęę°ęććććć. ćć®ćØć, ćć¼ćøć³åå¼ć§äø”å»ŗć¦ććøć·ć§ć³ćę§ēÆććććØć«ćć£ć¦ćć«ćæćć„ć¼ćć©ć«ćć§ćć.
š“FRć¢ććć©ćØęÆč¼ćććØćć¼ćøć³åå¼ć«åƾåæćć¦ććéęćÆå°ćŖćå°č±”. ć¾ćFRć¢ććć©ć«ęÆć¹ććØććććå©åććå°ćŖćå°č±”.
š“Cross-Exchane FR Arb
åå¼ęé FR Arbitrage.
š“CEX-CEX FR Arb
åå¼ęéFRć¢ććć©. ćććåŗę¬å½¢.
- bybit
- MEXC
- Gate.io
ćć , ę„ę¬ććå©ēØć§ććęµ·å¤åå¼ęćå°ćŖćć®ćØ, bybit仄å¤ć®ęµ·å¤åå¼ęćÆć”ćć£ćØćéćē½®ćć®ćęććć.
ć¾ć, MEXCćÆPERPåå¼ćÆAPIä½æććŖćć®ć§åæ ē¶ēć«ęåćØćŖć.
š“DEX-CEX FR Arb
DEXć®ć»ććCEXćććFRęÆēćÆé«ćå¾åććć.
<2026-02-02 Mon 12:39>ę„ę¬ć§ćÆęµ·å¤CEXćÆå®č³ŖäøåÆč½ć«ćŖćć¤ć¤ćć. 2026.
Decentralized perpetual swap platforms may offer even better funding rate arbitrage opportunities than centralized ones, allowing for greater transparency and flexibility in trading. However, trading on decentralized platforms may have risks and challenges, such as liquidity issues and potential smart contract vulnerabilities.
- Hyperliquid
ref. Funding Rate Arbitrage: Opportunities and Risks
š“DEX-DEX FR Arb
<2026-02-02 Mon 12:38>2025ć«DeFi perpdexććć«ććć¦ććććēćäøćć£ć¦ććććØć«ę°ć„ćć.
DEX
- HyperLiquid: 1h
- Aster: 8h
Vaults
- Vectis finance: https://www.vectis.finance/, Solana
- DriftćØBackpack
- JLP HyperLoop Vault
- HyperPack Arbitrage
- ęę°ęć22%
- å Øć¦ć®åŗéćÆ48ęéć®é 延
Tools
- https://fundingview.app/dashboard
- https://loris.tools/, ćććÆCeFi-DeFię··åØ.
- ćFunding Rate Arbitrage Helperćć®ćē“¹ä»
refs
- GitHub - chlenc/eth-global-2025, 2025ććć«ć½ć³. hyperliquid/1inch limit order. č³é1000000 USDćććåæ č¦ćŖć®ć§ē¾å®ēć§ćÆćŖć.
Tools
ćć¼ććććććæćććć.
Coinglass FR Arbitrage
šCoinglassć®ćć¼ćøććę°č»½ć«åå¼ęéć®FRćē¢ŗčŖć§ćć.
HyperLiquid FR Comparison
Hyperliquid vs Binance/Bybit
https://app.hyperliquid.xyz/fundingComparison
šéč¦ęč³ć©ć
ćÆććć”ćć³
- https://x.com/19labo
- https://twitter.com/hagure_melon/status/1609092001022238721
- https://twitter.com/hagure_melon/status/1574682761239048193
- https://twitter.com/chil0913/status/1609042227585748992
<2025-01-10 Fri 09:39> ćŖćć„ć¼ć¢ć«ććć¦dydxćØHyperliquidćčæ½å ććć¦ćć. ć¾ćFRåćć®ćć¼ćøćÆćććć©FRć¢ććć©ććŖććŖć£ć
Topics
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- ęēéē®ć§ććŖćåÆč½ę§ćé«ć
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šFRåććØFRć¢ććć©
š“FRåććØć®ęÆč¼ć ćØ, FRåćć®ę¦ē„ćÆē¾ē©ćć³ć°ć®ććć¬ćć¬ććøććććććŖć(1å)ć ć, FRć¢ććć©ć«ćŖććØć¬ćć¬ććøćććććć. ćć”ććęéććŖć¹ćÆćFRåććććé«ć.
;; https://twitter.com/chil0913/status/1425363040938070016
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ēę¹ć®ęµåę§ćꄵē«Æć«å°ćŖćććäøę¹ć®ęµåę§ć大ććå “åćÆFRć¢ććć©ćććć.
ćć®å “å, ęµåę§ćå°ćŖćsidećÆć ććć0.01%åŗå®ć«ćŖć, ććēę¹ć«å©ēćēŗēćć.
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| x5 | +25% |
| 6 | +20% |
āØććøć·ć§ć³ę§ēÆćÆFRćŖćć¼ććtakeręę°ęćäøåććŖćć°ęč”ę³Øęć§ććć
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| 0.01% | é·ę | ä½ |
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ć¾ć FRć¢ććć©ćććč¾¼ćć ććć§ćÆćŖćć, ę Ŗć®ēØēć20%ć§ä»®ę³éč²Øć®ēØēć50%ćØććććØćÆ, ēØēćčę ®ćććØć»ććØćć«ä»ć®ęč³ćććććć®ćć©ćććÆę¤čؼććåæ č¦ććć. ćć®ććØćčØåćć¦ććäŗŗćÆććŖć.
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äø”å»ŗć¦ććććØ, ē²¾ē®ćčµ°ćććć®å¼·å¶ę±ŗęøä¾”ę ¼ćč”Øē¤ŗććć. ćć®ę°å¤ćéå“ć®å©ē¢ŗć®éęå¤ćØćć¦čØå®ćć¦ćć.
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šćć¹ć«ććē²¾ē®éē„
āØććøć·ć§ć³ę§ēÆęć«ćć¬ć³ćććććØććÆē“å®ćć«ććå“ććå»ŗć¦ć
ēę¹ć ćććøć·ć§ć³ććŖć¼ćć³ć«ććććØåøå “ę„å¤ć«ćć£ć¦äø”å»ŗć¦ćć§ććŖćå “åććć£ć. ćć¬ć³ććēŗēćć¦ććććØćÆ, ē“å®ćć«ććć»ććććŖć¼ćć³ćć. ä¾”ę ¼äøęęćÆćć³ć°ćć, ä¾”ę ¼äøč½ęćÆć·ć§ć¼ććć.
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čؼę éćÆććØććå¢ćććå “åćÆčæ½å ććććØć§, ē²¾ē®ćé²ćććØćć§ćć.
ē²¾ē®ćčµ°ćććć«ćŖććØććććØćÆććć ćäøęēćŖęŖćæćēćć¦ćć¦å©ć¶ć¤ć大ććå “åććć.
Case Study
- HyperLiquid-bybit: Hyperliquid(ćć¤ćŖć)ć®ćØć¢ćććēćć¤ć¤ć¢ć¼ććć©ć¼ćøćććć¢ć¤ćć¢ć«ć¤ćć¦ - YouTube
šFRć¢ććć©ę„čŖ
- šFRć¢ććć©ć§ć¹ćŖć³ćę“ćććę¤čؼćć(23/03/29)
- šFRć¢ććć©ć§ć¾ććÆę30ćć«ćē®ęć(23/04/06)
- šFRć¢ććć©ć®ććøć·ć§ć³ćå“©ćććļ¼é±éćØé čŖæćęććŖćć£ć(23/04/22)
- šFRć¢ććć©ć§ē²¾ē®ć®éå«ć³ćé£ćć(23/04/25)
- šFRć¢ććć©ć§ć®ęø ē®ć§6500åć®ę失åŗć¦ć(23/05/05)
- šFRć¢ććć©ć¾ćå é±ćę失ć ā¦ (23/05/15)
- šFRć¢ććć©ä»é±ćę失ćé±ć®åć°ć§ććć”ćććŖćć¢ćÆęåćććććØć«ćć(23/05/22)
- šćć£ćØććéć«FRć¢ććć©ćę失ē¶ććŖć®ć§ććøć·ć§ć³åę§ēÆ(23/05/24)
- šFRć¢ććć©ć§ē²¾ē®ćčµ°ć£ććććŖć¬ć¼ę³Øęć§å©ē¢ŗå¦ēćčµ°ćććććØć«ęåćć(23/06/24)
- šFRć¢ććć©ćÆę¤éćć¦DEXåøå “åå „ę¤čØ(23/07/04)
- šFRć¢ććć©äøęéå“ć®ććMEXCććč³éå¼ćäøćć(23/07/10)
- šćŖć¹ćÆćä½ććć«ćæćć„ć¼ćć©ć«ę¦ē„ćę·±å ććć(23/10/10)
<2024-04-03 Wed 11:15>8 SOLćbybitć·ć§ć¼ććć¦ćććØęÆå0.1ēØåŗ¦ć®é«å©åćć§ę°ćć«ćć¤å²ćć.
šReferences
- ēäøćēøå “ć§ćå®č³Ŗćć¼ćŖć¹ćÆć§ęå©20%ćåÆč½ļ¼ćć”ć³ćć£ć³ć°ć¬ć¼ćč£å®åå¼(ć¢ć¼ććć©ć¼ćø)ćč§£čŖ¬ļ¼ | CoinPartner(ć³ć¤ć³ćć¼ććć¼)
- ćéå©ćæćåććBybitć®ćć«ćæćć„ć¼ćć©ć«ę¦ē„ć®ććę¹ć»ēؼćę¹ćä¼ę
- Funding Rateć®č§£ååŗ¦ćäøććļ½ćććć³
- Funding Rates Arbitrage Strategy: Beginnerās guide
- Crypto Funding Rates & Arbitrage Opportunities | by Coucou Camille | Coinmonks | Medium
- Howto: Funding Rates Arbitrage - YouTube
- Funding Rate Arbitrage: Opportunities and Risks