Funding you earn now, next payment 03:00 UTC+0.0297%/8h= +32.5% APRnext payment +$0.37 per $10,000 · paid last 24h +0.106%
Price spread now: Hyperliquid against Deribit+0.009%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ARB_USDC-PERPETUAL | 0.2236 | −0.0197 | get 0.0025% / 1h | 20m 20s | $25K | $34K | 25x |
| Short | Hyperliquid ARB | 0.2236 | 0.0100 | get 0.0013% / 1h | 20m 20s | $38.8M | $49.1M | 10x |
Deribit ARB_USDC-PERPETUAL
Hyperliquid ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Deribit. 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
- $62.37
- Price spread: +0.009% → 0.000%
- $0.89
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $47.26
- Costs to cover
- 0.160%
- Break-even
- 1.7 days
Slippage unknown: Deribit: no order-book sample; Hyperliquid: live order book, 3 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 3 min ago | 0.45 bp | 6.6 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2227 | −0.385% | $40K | $372K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUALlong | −0.0197% | 1h | 0.2236 | long leg | $25K | $34K | 25x | |
| Variational Omni ARB | −0.0147% | 8h | 0.2240 | +0.176% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0136% | 8h | 0.2235 | −0.049% | $22.5M | $151.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0135% | 8h | 0.2234 | −0.085% | $38.2M | $59.2M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0120% | 1h | 0.2235 | −0.049% | $7K | $2K | 10x | as long as short |
| Gate ARB_USDT | −0.0117% | 8h | 0.2234 | −0.054% | $5.4M | $19.2M | 60x | as long as short |
| Polymarket Perps ARB-USD | −0.0100% | 1h | 0.2234 | −0.063% | $93K | $2.1M | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0097% | 1h | 0.2236 | +0.004% | $1.1M | $4.4M | 50x | as long as short |
| Bybit ARBUSDT | −0.0092% | 8h | 0.2235 | −0.049% | $56.9M | $125.9M | 50x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Gate ARB_USDT
Polymarket Perps ARB-USD
Kraken Futures PF_ARBUSD
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ARB-USD | −0.0074% | 1h | 0.2235 | −0.027% | $10K | $2.4M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0072% | 8h | 0.2235 | −0.027% | $13K | $386K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2238 | +0.115% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0013% | 1h | 0.2236 | +0.018% | $11K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0023% | 8h | 0.2235 | −0.018% | $65.1M | $306.9M | 75x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2234 | −0.068% | $356K | $2.5M | 25x | as long as short |
| Phemex ARBUSDT | +0.0071% | 8h | 0.2235 | −0.027% | $5.0M | $12.9M | 50x | as long as short |
| Bitget ARBUSDT | +0.0081% | 8h | 0.2234 | −0.072% | $21.3M | $34.6M | 50x | as long as short |
| BingX ARB-USDT | +0.0084% | 8h | 0.2235 | −0.049% | — | $54.0M | — | as long as short |
| BloFin ARB-USDT | +0.0085% | 8h | 0.2240 | +0.179% | $3.1M | $2.7M | 75x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2236 | +0.024% | $142K | $7K | 3x | as long as short |
| ApeX Omni ARBUSDT | +0.0089% | 1h | 0.2238 | +0.107% | $121K | $283K | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2235 | −0.022% | $1.2M | $6.4M | 15x | as long as short |
| Hyperliquid ARBshort | +0.0100% | 1h | 0.2236 | +0.009% | $38.8M | $49.1M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2237 | +0.057% | $655K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2238 | +0.112% | $43K | $175K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2235 | −0.036% | $19.7M | $15.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2224 | −0.521% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2236 | +0.018% | $484K | $3.6M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2237 | +0.063% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2234 | −0.072% | $299K | $930K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2244 | +0.376% | $511K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0232% | 1h | 0.2236 | +0.004% | $488K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2236 | +0.003% | $834K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2233 | −0.101% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0598% | 1h | 0.2243 | +0.353% | $1.0M | $2.8M | 20x | as long as short |
SoDEX ARB-USD
Orderly PERP_ARB_USDC
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Phemex ARBUSDT
Bitget ARBUSDT
BingX ARB-USDT
BloFin ARB-USDT
Aevo ARB-PERP
ApeX Omni ARBUSDT
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