Funding you earn now, next payment 03:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.02 per $10,000 · paid last 24h +0.056%
Price spread now: Hyperliquid against Aevo−0.005%54s7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1331.330% of the position
Funding, last 7 days+0.151%+$15 on $10k
+Price spread, last 4 days (all we have)−2.580%−$258 · spread now −0.005%, 7d avg +0.038%
=Together, before fees−2.428%+ Points / potential airdropHyperliquid: Season 2 · farm board−$243 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.043% cheaper against Aevo than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.038%). If the spread goes back, that is −$4 on $10k: about 12 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.151% in total) that is about 48 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo ARB-PERP | 0.2239 | 0.0088 | pay 0.0011% / 1h | 22m 29s | $142K | $7K | 3x |
| Short | Hyperliquid ARB | 0.2239 | 0.0100 | get 0.0013% / 1h | 22m 29s | $38.8M | $49.1M | 10x |
Aevo ARB-PERP
Hyperliquid ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Aevo. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $2.52
- Price spread: −0.005% → +0.038%
- −$4.29
- Slippage, 4 orders
- −$107.99
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$134.77
- Costs to cover
- 1.330%
- Break-even
- 381.3 days
Slippage from Aevo: live order book, 41 min ago; Hyperliquid: live order book, 11 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Aevo live order book, 41 min ago | 31.43 bp | 55.5 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 0.67 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
ARB on 36 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1577% | 1h | 0.2214 | −1.117% | $40K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0151% | 8h | 0.2225 | −0.637% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0134% | 8h | 0.2237 | −0.099% | $22.5M | $151.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0133% | 8h | 0.2238 | −0.023% | $38.3M | $59.2M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0120% | 1h | 0.2239 | +0.004% | $7K | $2K | 10x | as long as short |
| Gate ARB_USDT | −0.0111% | 8h | 0.2238 | −0.027% | $5.4M | $19.1M | 60x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0097% | 1h | 0.2240 | +0.023% | $1.1M | $4.5M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0091% | 1h | 0.2238 | −0.027% | $96K | $2.1M | 10x | as long as short |
| Bybit ARBUSDT | −0.0091% | 8h | 0.2239 | +0.008% | $56.8M | $126.0M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0071% | 8h | 0.2238 | −0.045% | $13K | $386K | 10x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Gate ARB_USDT
Kraken Futures PF_ARBUSD
Polymarket Perps ARB-USD
Bybit ARBUSDT
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ARB-USD | −0.0069% | 1h | 0.2238 | −0.045% | $10K | $2.4M | 5x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2240 | +0.024% | $66K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2239 | 0.000% | $25K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0013% | 1h | 0.2240 | +0.044% | $11K | — | 150x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2237 | −0.076% | $356K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0021% | 8h | 0.2240 | +0.027% | $65.3M | $307.2M | 75x | as long as short |
| Phemex ARBUSDT | +0.0056% | 8h | 0.2238 | −0.045% | $5.0M | $12.9M | 50x | as long as short |
| ApeX Omni ARBUSDT | +0.0065% | 1h | 0.2223 | −0.715% | $120K | $283K | 50x | as long as short |
| BloFin ARB-USDT | +0.0073% | 8h | 0.2239 | −0.009% | $3.1M | $2.7M | 75x | as long as short |
| Bitget ARBUSDT | +0.0083% | 8h | 0.2236 | −0.134% | $21.3M | $34.6M | 50x | as long as short |
| BingX ARB-USDT | +0.0085% | 8h | 0.2238 | −0.032% | — | $54.0M | — | as long as short |
| Aevo ARB-PERPlong | +0.0088% | 1h | 0.2239 | long leg | $142K | $7K | 3x | |
| Lighter ARB | +0.0096% | 1h | 0.2239 | +0.008% | $1.2M | $6.4M | 15x | as long as short |
| Hyperliquid ARBshort | +0.0100% | 1h | 0.2239 | −0.005% | $38.8M | $49.1M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2240 | +0.046% | $656K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2239 | −0.010% | $43K | $175K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2239 | −0.014% | $19.8M | $15.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2224 | −0.672% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2219 | −0.893% | $481K | $3.6M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2241 | +0.089% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2239 | −0.009% | $300K | $930K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2239 | 0.000% | $510K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0232% | 1h | 0.2240 | +0.052% | $489K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2240 | +0.035% | $834K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2235 | −0.162% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0586% | 1h | 0.2242 | +0.142% | $1.0M | $2.8M | 20x | as long as short |
SoDEX ARB-USD
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
Phemex ARBUSDT
ApeX Omni ARBUSDT
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDT
Lighter ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP