Perpetuals Exchange Monitor
A real time monitoring system built to track funding rate divergences and new asset listings across major perpetual exchanges including Hyperliquid, Lighter, Aster, Drift and more. Originally designed for delta-neutral funding strategies, later expanded to capture new listings and exchange endpoint data for early positioning opportunities with threshold alerts.
Overview - Train of Thought
My defi friend reached out to me to create a specific program for his low risk trading strategy, delta-neutral farming. This program was to continuosly monitor divergences amongst various exchanges, primarily Hyperliquid, Lighter, Drift, any on-chain exchange to make money off their funding fees; but also not introduce risk by being delta-neutral. I usually had to dig through outdated API docs and scrape the endpoints myself. This then evolved into monitoring the exchanges' asset endpoints, where I would catch what new spot or futures assets they were adding to the exchange, you could frontrun the news of a new asset listing and position yourself accordingly.
Features
- Real-time funding and asset analytics across 7+ perpetual exchanges.
- Features a unified funding analytics dashboard summarizing weighted averages, deviations, and ranking of highest yield opportunities across exchanges.
- Performs delta-neutral funding arbitrage analysis with configurable thresholds, alerts, and multi server support for custom asset watchlists.
- Scrapes and parses exchange APIs to detect new futures or spot listings in real time, with actionable trading alerts.