Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.073%
Price spread now: Hyperliquid against Extended+0.059%7-day average +0.182% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$480.481% of the position
Funding, last 7 days+0.264%+$26 on $10k
+Price spread, last 7 days+0.024%+$2 · spread now +0.059%, 7d avg +0.182%
=Together, before fees+0.288%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.123% cheaper against Extended than usual: you would sell low and buy high (spread +0.059% now, against its 7-day average of +0.182%). If the spread goes back, that is −$12 on $10k: about 4.1 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ARB-USD | 0.2216 | 0 | get 0.0000% / 1h | 11m 43s | $352K | $2.5M | 25x |
| Short | Hyperliquid ARB | 0.2217 | 0.0100 | get 0.0013% / 1h | 11m 43s | $38.6M | $51.8M | 10x |
Extended ARB-USD
Hyperliquid ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- $21
- Price spread: +0.059% → +0.182%
- −$12.32
- Slippage, 4 orders
- −$34.13
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$39.45
- Costs to cover
- 0.481%
- Break-even
- 20.1 days
Slippage from Extended: live order book, 2 min ago; Hyperliquid: live order book, 12 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 Extended live order book, 2 min ago | 15.79 bp | 18.3 bp −$18 | 77.5 bp −$775 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 12 min ago | 0.45 bp | 6.6 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
ARB on 35 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 | −0.1692% | 1h | 0.2202 | −0.618% | $40K | $372K | 12x | as long as short |
| SoDEX ARB-USD | −0.0257% | 1h | 0.2217 | +0.036% | $10K | $2.5M | 5x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2214 | −0.077% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0159% | 8h | 0.2212 | −0.183% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0126% | 8h | 0.2214 | −0.063% | $22.4M | $156.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0126% | 8h | 0.2216 | +0.027% | $39.1M | $60.2M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0111% | 1h | 0.2217 | +0.041% | $24K | $34K | 25x | as long as short |
| Gate ARB_USDT | −0.0070% | 8h | 0.2217 | +0.041% | $5.4M | $19.9M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0067% | 8h | 0.2215 | −0.032% | $12K | $385K | 10x | as long as short |
| Bybit ARBUSDT | −0.0038% | 8h | 0.2215 | −0.036% | $56.6M | $128.5M | 50x | as long as short |
Injective ARB/USDC PERP
SoDEX ARB-USD
01 Exchange ARBUSD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Deribit ARB_USDC-PERPETUAL
Gate ARB_USDT
Orderly PERP_ARB_USDC
Bybit ARBUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0003% | 8h | 0.2215 | −0.014% | $64.6M | $316.8M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2217 | +0.041% | $66K | $5K | 10x | as long as short |
| Extended ARB-USDlong | 0.0000% | 1h | 0.2216 | long leg | $352K | $2.5M | 25x | |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2217 | +0.063% | $10K | — | 150x | as long as short |
| ApeX Omni ARBUSDT | +0.0051% | 1h | 0.2214 | −0.077% | $119K | $286K | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2217 | +0.036% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2215 | −0.018% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARBshort | +0.0100% | 1h | 0.2217 | +0.059% | $38.6M | $51.8M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2216 | +0.016% | $660K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2215 | −0.024% | $42K | $184K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2217 | +0.050% | $19.6M | $15.7M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2216 | +0.013% | $21.2M | $36.4M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2216 | +0.018% | — | $54.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2214 | −0.062% | $40K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2215 | −0.032% | $481K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2216 | +0.004% | $87K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2218 | +0.104% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2218 | +0.086% | $298K | $996K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2216 | +0.013% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2222 | +0.284% | $508K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2217 | +0.063% | $827K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2215 | −0.050% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0312% | 1h | 0.2218 | +0.092% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2215 | −0.014% | $481K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0531% | 1h | 0.2219 | +0.158% | $1.0M | $2.9M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
ApeX Omni ARBUSDT
Aevo ARB-PERP
Lighter ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP