Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.052%

Price spread now: Hyperliquid against edgeX+0.672%66s7-day average +0.077% · 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—prices read too far apart to compare

costs, in and out, $10k−$590.595% of the position

Long on edgeX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 4 days (all we have)−0.855%−$85 · spread now +0.672%, 7d avg +0.077%

Together, before fees−0.729%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$73 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.595% dearer against edgeX than usual: you sell high and buy low, +$59 on $10k if it goes back to its 7-day average of +0.077%. The two prices were read 66 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	edgeX ARBUSDC	0.2224	0.0100	pay 0.0050% / 4h	1h 22m	$40K	$461K	20x
Short	Hyperliquid ARB	0.2239	0.0100	get 0.0013% / 1h	22m 13s	$38.8M	$49.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against edgeX. 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

Position, each leg$Hold fordaysFee edgeXbpFee HyperliquidbpOrdersPrice spread, now +0.672%Rate

Funding earned: $0
Price spread: +0.672% → +0.077%: $59.49
Slippage, 4 orders: −$41.46
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $0.03
Costs to cover: 0.595%
Break-even: from the start

Slippage from edgeX: 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 edgeX live order book, 41 min ago	13.48 bp	20.1 bp −$20	71.6 bp −$716	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	−0.448%	$40K	$372K	12x	as long as short
Variational Omni ARB	−0.0151%	8h	0.2225	+0.036%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0134%	8h	0.2238	+0.614%	$22.5M	$151.4M	50x	as long as short
MEXC ARB_USDT	−0.0133%	8h	0.2239	+0.659%	$38.3M	$59.2M	200x	as long as short
01 Exchange ARBUSD	−0.0120%	1h	0.2239	+0.681%	$7K	$2K	10x	as long as short
Gate ARB_USDT	−0.0111%	8h	0.2238	+0.650%	$5.4M	$19.1M	60x	as long as short
Kraken Futures PF_ARBUSD	−0.0097%	1h	0.2241	+0.762%	$1.1M	$4.5M	50x	as long as short
Polymarket Perps ARB-USD	−0.0091%	1h	0.2238	+0.650%	$96K	$2.1M	10x	as long as short
Bybit ARBUSDT	−0.0091%	8h	0.2239	+0.668%	$56.9M	$126.0M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0072%	8h	0.2239	+0.677%	$13K	$386K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ARB-USD	−0.0063%	1h	0.2240	+0.713%	$10K	$2.4M	5x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2240	+0.701%	$66K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2240	+0.735%	$25K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2240	+0.722%	$11K	—	150x	as long as short
Binance ARBUSDT	+0.0021%	8h	0.2239	+0.677%	$65.3M	$307.2M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2238	+0.645%	$356K	$2.5M	25x	as long as short
Phemex ARBUSDT	+0.0062%	8h	0.2240	+0.722%	$5.0M	$12.9M	50x	as long as short
ApeX Omni ARBUSDT	+0.0065%	1h	0.2223	−0.043%	$120K	$283K	50x	as long as short
BloFin ARB-USDT	+0.0073%	8h	0.2239	+0.668%	$3.1M	$2.7M	75x	as long as short
Bitget ARBUSDT	+0.0083%	8h	0.2238	+0.632%	$21.3M	$34.6M	50x	as long as short
BingX ARB-USDT	+0.0085%	8h	0.2238	+0.645%	—	$54.0M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2241	+0.746%	$142K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2240	+0.722%	$1.2M	$6.4M	15x	as long as short
Hyperliquid ARBshort	+0.0100%	1h	0.2239	+0.672%	$38.8M	$49.1M	10x
Aster ARBUSDT	+0.0100%	8h	0.2240	+0.713%	$656K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2239	+0.667%	$43K	$175K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2239	+0.663%	$19.8M	$15.4M	75x	as long as short
edgeX ARBUSDClong	+0.0100%	4h	0.2224	long leg	$40K	$461K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2219	−0.222%	$481K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2243	+0.856%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2240	+0.699%	$300K	$930K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2239	+0.677%	$510K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2240	+0.730%	$489K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2239	+0.655%	$835K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2235	+0.514%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0586%	1h	0.2242	+0.820%	$1.0M	$2.8M	20x	as long as short