A market-neutral BTC funding-rate strategy across Perpl and Hyperliquid
The bot holds equal and opposite BTC perpetual positions on two exchanges — long on one, short on the other — so its net BTC exposure stays close to zero. It aims to collect the difference in funding payments between the two venues while both legs remain open.
How it works
- You connect trade-only API credentials for Perpl and Hyperliquid. The app never asks for seed phrases, master private keys, or withdrawal permission.
- The strategy continuously compares hourly funding rates on both venues. It only proposes a trade when the conservative estimate — after fees, slippage allowances and a safety buffer — is positive.
- When no trade clears that bar, it says so plainly: No profitable opportunity, with every reason listed.
- Every projection is labeled Estimated until it settles; settled amounts are labeled Realized.
Risks — read before using
This strategy is not risk-free, and returns are not guaranteed.
- Funding is not guaranteed. Funding rates change continuously and can reverse. A position opened to receive funding can start paying it instead.
- Both venues carry liquidation risk. Each leg is a leveraged perpetual position. A sharp price move, margin shortfall, or venue issue can liquidate one leg and leave you exposed on the other.
- Costs reduce returns. Trading fees, entry and exit slippage, and basis moves between the venues can turn a projected profit into a realized loss.
- Software and venue risk. Exchange outages, API failures, stale data, or bugs in this software can prevent the bot from acting when it should. The bot stops rather than acting on data it cannot trust, but stopping has its own risks.
- Estimates are estimates. Displayed projections use conservative assumptions but are still projections, not promises.
Only use funds you can afford to lose. Nothing in this application is financial advice.