Settings8H · net · $10k
Funding arb · Price arb /

AR

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0110%/8h= +12.1% APRpaid last 24h +0.024%
Price spread now: Hyperliquid against Binance+0.152%7-day average +0.146% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$620.625% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.158%+$16 on $10k
Price spread, last 7 days−0.010%−$1 · spread now +0.152%, 7d avg +0.146%
Together, before fees+0.148%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.146%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ARUSDT4.46700.0100pay 0.0100% / 8h4h 05m$8.8M$49.8M75x
ShortHyperliquid AR4.47380.0210get 0.0026% / 1h5m 15s$4.0M$4.3M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$23.12
Price spread: +0.152% → +0.146%
$0.61
Slippage, 4 orders
−$43.47
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$38.74
Costs to cover
0.625%
Break-even
18.7 days
Slippage from Binance: live order book, 7 min ago; Hyperliquid: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 7 min ago1.12 bp14.8 bp −$1557.6 bp −$576439.6 bp −$44.0Kdoesn't fit
Sell Hyperliquid live order book, 6 min ago2.57 bp15.6 bp −$16doesn't fitdoesn't fitdoesn't fit

AR on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX AR/USD [WBTC.b-USDC]L −0.0141% / S +0.0551%1h4.4659−0.024%$574K50xas long as short
OKX AR-USDT-SWAP+0.0063%8h4.4660−0.022%$2.3M$17.7M20xas long as short
Aster ARUSDT+0.0100%8h4.4688+0.041%$26K$478K10xas long as short
Binance ARUSDTlong+0.0100%8h4.4670long leg$8.8M$49.8M75x
Bybit ARUSDT+0.0100%8h4.4660−0.022%$4.6M$8.2M75xas long as short
Gate AR_USDT+0.0100%8h4.46700.000%$2.5M$1.9M50xas long as short
MEXC AR_USDT+0.0100%8h4.4620−0.112%$6.3M$4.2M100xas long as short
KuCoin ARUSDTM+0.0100%8h4.4640−0.067%$1.1M$1.2M50xas long as short
Bitget ARUSDT+0.0100%8h4.4620−0.112%$3.9M$5.0M75xas long as short
BingX AR-USDT+0.0100%8h4.4620−0.112%$2.8Mas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AR+0.0100%8h4.4682+0.027%$236K$246Kas long as short
ApeX Omni ARUSDT+0.0100%1h4.4800+0.291%$19K$718K50xas long as short
Extended AR-USD+0.0104%1h4.4657−0.029%$37K$236K10xas long as short
Hyperliquid ARshort+0.0210%1h4.4738+0.152%$4.0M$4.3M5x
BloFin AR-USDT+0.0220%8h4.4720+0.112%$423K$469K20xas long as short
Kraken Futures PF_ARUSD+0.0696%1h4.4641−0.065%$60K$159K20xas long as short
Injective AR/USDC PERP+0.0854%1h4.4770+0.224%$2K$5K5.5xas long as short