How it works
What each board measures, where the data comes from, and what the numbers do and do not tell you.
The pipeline
Every board follows the same three steps
1 · ScanPull live prices, funding, open interest, and order flow from public APIs - Hyperliquid, HIP-3 dexs, hypurrscan.io, and public Telegram announcement channels.
2 · CompareLine each market up against its reference: perp vs broker price, mark vs last, order size vs remaining duration.
3 · RankSort by the size of the dislocation and tag it tradeable, watch, or ignore so the interesting rows surface first.
What each board measures
| Board | Measures | Source |
|---|---|---|
Broker Arb/broker-arb | Funding APR, perp-vs-broker price gap, estimated net yield after hedge costs | Hyperliquid + public hedge reference |
Fair Price/fair-price | Mark price vs live last traded price, in basis points | Hyperliquid metaAndAssetCtxs |
TWAPs/twaps | Large running TWAP orders: side, notional, time left, reduce-only flag | hypurrscan.io |
Listings/listings | New listings and delistings as they are announced | Public Telegram channels |
What the numbers do not tell you
Estimates are labelledBorrow cost on the broker arb board is an estimate, not a live broker quote. Treat the net yield figure as a screen, not a fill.
Stale quotes existOutside market hours the hedge reference is a last close. A wide gap against a stale quote is not a real gap.
Not financial adviceThis is a public monitor. Every number here needs manual verification before it becomes a trade.