Funding you earn now, next payment 04:00 UTC+0.0054%/8h= +6.0% APRnext payment +$0.07 per $10,000 · paid last 24h +0.054%
Price spread now: Hyperliquid against ApeX Omni+0.359%65s7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as 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−$510.506% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)−0.878%−$88 · spread now +0.359%, 7d avg +0.063%
=Together, before fees−0.739%+ Points / potential airdropHyperliquid: Season 2 · farm board−$74 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.296% dearer against ApeX Omni than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.063%. The two prices were read 65 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 | ApeX Omni ARBUSDT | 0.2199 | 0.0046 | pay 0.0006% / 1h | 54m 12s | $119K | $283K | 50x |
| Short | Hyperliquid ARB | 0.2207 | 0.0100 | get 0.0013% / 1h | 54m 12s | $38.2M | $48.6M | 10x |
ApeX Omni ARBUSDT
Hyperliquid ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against ApeX Omni. 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
- $11.44
- Price spread: +0.359% → +0.063%
- $29.61
- Slippage, 4 orders
- −$31.57
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$9.52
- Costs to cover
- 0.506%
- Break-even
- 12.8 days
Slippage from ApeX Omni: live order book, 3 min ago; Hyperliquid: live order book, 9 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 ApeX Omni live order book, 3 min ago | 6.81 bp | 16.3 bp −$16 | 114.6 bp −$1,146 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 1.36 bp | 8.2 bp −$8 | 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 | −0.1649% | 1h | 0.2196 | −0.136% | $40K | $372K | 12x | as long as short |
| OKX ARB-USDT-SWAP | −0.0142% | 8h | 0.2207 | +0.350% | $22.2M | $148.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0142% | 8h | 0.2207 | +0.346% | $41.0M | $59.5M | 200x | as long as short |
| Variational Omni ARB | −0.0125% | 8h | 0.2208 | +0.395% | $1.8M | $2.9M | — | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0112% | 1h | 0.2206 | +0.332% | $24K | $34K | 25x | as long as short |
| 01 Exchange ARBUSD | −0.0104% | 1h | 0.2206 | +0.314% | $7K | $2K | 10x | as long as short |
| Gate ARB_USDT | −0.0102% | 8h | 0.2207 | +0.364% | $5.4M | $18.6M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0078% | 8h | 0.2207 | +0.364% | $13K | $388K | 10x | as long as short |
| SoDEX ARB-USD | −0.0057% | 1h | 0.2207 | +0.341% | $10K | $2.3M | 5x | as long as short |
| Bybit ARBUSDT | −0.0053% | 8h | 0.2207 | +0.350% | $55.9M | $126.0M | 50x | as long as short |
Injective ARB/USDC PERP
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Deribit ARB_USDC-PERPETUAL
01 Exchange ARBUSD
Gate ARB_USDT
Orderly PERP_ARB_USDC
SoDEX ARB-USD
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2208 | +0.425% | $1.1M | $4.4M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2208 | +0.393% | $65K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0012% | 1h | 0.2207 | +0.385% | $10K | — | 150x | as long as short |
| Polymarket Perps ARB-USD | +0.0005% | 1h | 0.2206 | +0.327% | $87K | $2.1M | 10x | as long as short |
| Binance ARBUSDT | +0.0014% | 8h | 0.2207 | +0.355% | $64.4M | $306.7M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2206 | +0.311% | $351K | $2.5M | 25x | as long as short |
| ApeX Omni ARBUSDTlong | +0.0046% | 1h | 0.2199 | long leg | $119K | $283K | 50x | |
| BloFin ARB-USDT | +0.0057% | 8h | 0.2204 | +0.227% | $3.1M | $2.6M | 75x | as long as short |
| Bitget ARBUSDT | +0.0068% | 8h | 0.2206 | +0.318% | $21.0M | $34.6M | 50x | as long as short |
| BingX ARB-USDC | +0.0070% | 8h | 0.2204 | +0.246% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2208 | +0.387% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2207 | +0.341% | $1.2M | $5.7M | 15x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2206 | +0.318% | $4.9M | $12.9M | 50x | as long as short |
| Hyperliquid ARBshort | +0.0100% | 1h | 0.2207 | +0.359% | $38.2M | $48.6M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2206 | +0.340% | $637K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2207 | +0.371% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2208 | +0.391% | $19.5M | $15.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2199 | +0.020% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2197 | −0.077% | $467K | $3.6M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2209 | +0.455% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2207 | +0.364% | $300K | $955K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2211 | +0.546% | $495K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2207 | +0.370% | $485K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2208 | +0.395% | $823K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2206 | +0.326% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0640% | 1h | 0.2210 | +0.500% | $995K | $2.8M | 20x | as long as short |
Kraken Futures PF_ARBUSD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Polymarket Perps ARB-USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Phemex ARBUSDT
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