Settings8H · net · $10k
Funding arb · Price arb /

ARB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.052%
Price spread now: Hyperliquid against HTX+0.284%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1121.124% of the position
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)−0.961%−$96 · spread now +0.284%, 7d avg +0.097%
Together, before fees−0.835%+ Points / potential airdropHyperliquid: Season 2 · farm board−$83 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 0.187% dearer against HTX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.097%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ARB-USDT0.21860.0100pay 0.0100% / 8h3h 34m$297K$885K50x
ShortHyperliquid ARB0.21920.0100get 0.0013% / 1h34m 39s$37.6M$48.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against HTX. 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

Funding earned
$0
Price spread: +0.284% → +0.097%
$18.69
Slippage, 4 orders
−$91.36
Fee HTX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$93.66
Costs to cover
1.124%
Break-even
never at this rate
Slippage from HTX: live order book, 39 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
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 39 min ago9.95 bp66.1 bp −$66doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 9 min ago0.23 bp6.8 bp −$7doesn't fitdoesn't fitdoesn't fit

ARB on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ARB/USDC PERP−0.1589%1h0.2181−0.238%$39K$372K12xas long as short
Polymarket Perps ARB-USD−0.0181%1h0.2187+0.041%$69K$2.1M10xas long as short
OKX ARB-USDT-SWAP−0.0107%8h0.2190+0.178%$22.1M$142.6M50xas long as short
MEXC ARB_USDT−0.0106%8h0.2191+0.215%$41.8M$60.5M200xas long as short
Variational Omni ARB−0.0102%8h0.2183−0.139%$1.8M$2.9Mas long as short
Orderly PERP_ARB_USDC−0.0070%8h0.2191+0.220%$12K$407K10xas long as short
Bybit ARBUSDT−0.0057%8h0.2190+0.169%$55.2M$123.5M50xas long as short
Kraken Futures PF_ARBUSD−0.0050%1h0.2191+0.235%$1.1M$4.4M50xas long as short
Gate ARB_USDT−0.0024%8h0.2191+0.215%$5.3M$18.1M60xas long as short
01 Exchange ARBUSD−0.0008%1h0.2186−0.023%$7K$2K10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ARB-USD0.0000%1h0.2192+0.243%$65K$5K10xas long as short
gTrade (Gains Network) ARB/USDL +0.0005% / S −0.0006%1h0.2189+0.119%$32K150xas long as short
Binance ARBUSDT+0.0036%8h0.2192+0.242%$63.8M$299.4M75xas long as short
Extended ARB-USD+0.0040%1h0.2190+0.171%$349K$2.5M25xas long as short
Bitget ARBUSDT+0.0056%8h0.2189+0.128%$20.8M$34.0M50xas long as short
BingX ARB-USDC+0.0057%8h0.2190+0.156%$6.5Mas long as short
Deribit ARB_USDC-PERPETUAL+0.0069%1h0.2192+0.274%$24K$34K25xas long as short
Aevo ARB-PERP+0.0088%1h0.2187+0.041%$139K$7K3xas long as short
Lighter ARB+0.0096%1h0.2192+0.252%$1.2M$5.5M15xas long as short
Hyperliquid ARBshort+0.0100%1h0.2192+0.284%$37.6M$48.3M10x
Aster ARBUSDT+0.0100%8h0.2190+0.159%$630K$1.5M20xas long as short
Pacifica ARB+0.0100%1h0.2192+0.243%$42K$159K10xas long as short
KuCoin ARBUSDTM+0.0100%8h0.2192+0.270%$19.6M$14.7M75xas long as short
edgeX ARBUSDC+0.0100%4h0.2190+0.194%$38K$463K20xas long as short
GRVT ARB_USDT_Perp+0.0100%8h0.2188+0.082%$472K$3.6M10xas long as short
ApeX Omni ARBUSDT+0.0100%1h0.2192+0.265%$118K$283K50xas long as short
SunX ARB-USDT+0.0100%8h0.2187+0.037%$2K$1.1M30xas long as short
SoDEX ARB-USD+0.0100%1h0.2191+0.224%$10K$2.2M5xas long as short
HTX ARB-USDTlong+0.0100%8h0.2186long leg$297K$885K50x
Phemex ARBUSDT+0.0100%8h0.2189+0.128%$4.9M$12.8M50xas long as short
RISEx ARB/USDC+0.0118%1h0.2186−0.018%$475K$2.6M10xas long as short
BloFin ARB-USDT+0.0145%8h0.2191+0.233%$3.1M$2.5M75xas long as short
Coinbase International ARB-PERP-INTX+0.0256%1h0.2191+0.220%$493K$1.6M50xas long as short
GMX ARB/USD [ARB-USDC]L +0.0276% / S −0.0158%1h0.2188+0.101%$825K150xas long as short
Reya ARBRUSDPERP+0.0289%1h0.2186+0.002%$2K$69520xas long as short
Backpack ARB_USDC_PERP+0.0506%1h0.2195+0.380%$986K$2.8M20xas long as short