Crypto Pair Trading & Funding Rate Spread Execution Across Hyperliquid, Extended, Binance, and HIP-3 DEXs
Loris Tools Trade is a multi-venue execution interface for crypto perpetual futures. Run delta-neutral funding rate arbitrage, basis trades, or directional pair trades across Hyperliquid, Extended, Binance, and the HIP-3 ecosystem of permissioned DEXs from a single dual order book view. Place market orders, limit orders, or split executions over time with TWAP — long on one venue, short on the other — capturing the funding rate spread without picking a side on price.
Funding Rate Arbitrage Across Exchanges
Funding rates diverge constantly across perpetual futures venues. Hyperliquid, Binance, Extended, and the HIP-3 DEXs each price the cost of holding a perpetual differently based on local positioning, basis, and liquidity. Loris Trade lets you go long the cheaper-funding venue and short the more expensive-funding venue in a single workflow, earning the funding rate differential while staying delta neutral. Live funding rate data, historical funding charts, and 30-day funding heatmaps make it easy to identify which pair has the most attractive carry today.
Dual Order Book Execution
Side-by-side live order books for both legs of a pair trade let you watch real depth, top-of-book quotes, and recent trades on each venue at the same time. Submit synchronized market or limit orders on both legs, monitor partial fills, and adjust before exposure gets one-sided. The interface surfaces best bid, best ask, mid price, mark price, and depth-weighted price for each book.
TWAP Execution for Larger Spreads
Time-weighted average price (TWAP) execution slices a large pair-trade order into many smaller sub-orders spaced across a configurable interval, reducing market impact and smoothing entry into illiquid perpetual venues. Useful for multi-million-dollar funding rate arbitrage entries on long-tail HIP-3 markets where a single market order would move the book.
Supported Venues
Hyperliquid, Extended, Binance perpetual futures, and the HIP-3 DEX ecosystem (Cova, Tea, KroLong, NTL, and other builder-deployed perpetual exchanges launched on Hyperliquid's permissioned-DEX framework). All venues are accessed via agent wallets or read-only API keys — Loris Tools never custodies funds.
Tools, Not Profit Guarantees
Loris Trade is a trade-execution and funding-arbitrage workflow tool, not an automated profit mechanism. Trading perpetual futures involves risk of total loss, including losses larger than initial margin during liquidations. Funding rate spreads can collapse, reverse, or fail to cover trading fees and slippage. Read the Loris Tools terms before trading.
Pair and spread trading questions
Use the Trade workspace to compare perpetual markets, prepare single-venue or paired orders, and monitor execution.
What does the Trade workspace include?
The default layout combines a market chart, order books, live trades, an order ticket, positions, and balances. The right-hand tabs open funding opportunities, saved spreads, and live HIP-4 prediction markets. You can resize and rearrange the widgets and save your layout.
How does pair and funding spread trading work?
A paired setup selects a long market and a short market, potentially on different venues. Funding opportunities help compare rates across venues, while the order books show available liquidity. Funding rates can change or reverse, and fees, slippage, price divergence, and unmatched fills can outweigh the funding differential.
Why compare both order books before placing a pair trade?
Each venue has its own prices and available liquidity. Comparing both books helps assess the spread and potential market impact for each leg. Paired submissions do not guarantee simultaneous fills; monitor both legs for partial fills, rejected orders, and remaining exposure.
Which order types are available?
The order ticket provides market, limit, and TWAP execution where supported by the selected venue and trading mode. TWAP divides an order into smaller submissions over time. It does not guarantee a particular execution price or that every submission will fill.
Which venues can I trade on?
Use the market and account selectors to see the currently available integrations, including Hyperliquid, supported HIP-3 and HIP-4 markets, Extended, Binance, and other supported venues. Connect the relevant exchange account or authorize an agent before submitting orders. Available markets, order types, and account requirements vary by venue.
Can I backtest a funding opportunity before trading?
The funding opportunities rail can open a floating backtest widget for a selected pair. Review its historical funding and price behavior with your size and execution-cost assumptions, then use the trade setup action to prepare the order ticket. A historical result is not a guarantee of future performance.
Does Loris automate a guaranteed profit strategy?
No. Loris provides market information and execution tools. You choose the markets, order sizes, and settings and remain responsible for submitted orders. Perpetual trading carries liquidation, execution, and venue risks, including the risk of losing your margin. Review the trading terms before placing orders.