Funding you earn now, next payment 03:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.026%
Price spread now: Coinbase International against Hyperliquid−0.113%7-day average +0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$570.575% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 4 days (all we have)+1.362%+$136 · spread now −0.113%, 7d avg +0.066%
=Together, before fees+1.480%+ Points / potential airdropHyperliquid: Season 2 · farm board+$148 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.179% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of +0.066%). If the spread goes back, that is −$18 on $10k: about 4.8 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.118% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ARB | 0.2203 | 0.0100 | pay 0.0013% / 1h | 31m 40s | $37.9M | $48.8M | 10x |
| Short | Coinbase International ARB-PERP-INTX | 0.2201 | 0.0224 | get 0.0028% / 1h | 31m 40s | $492K | $1.9M | 50x |
Hyperliquid ARB
Coinbase International ARB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Hyperliquid. 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
- $26.04
- Price spread: −0.113% → +0.066%
- −$17.91
- Slippage, 4 orders
- −$38.48
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$49.35
- Costs to cover
- 0.575%
- Break-even
- 20.3 days
Slippage from Hyperliquid: live order book, 12 min ago; Coinbase International: live order book, 2 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 Hyperliquid live order book, 12 min ago | 0.68 bp | 7.7 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 4.55 bp | 17.9 bp −$18 | 36.1 bp −$361 | 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 | 0.2179 | −1.112% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2204 | +0.018% | $7K | $2K | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0137% | 8h | 0.2204 | +0.005% | $22.2M | $148.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0136% | 8h | 0.2203 | −0.005% | $42.2M | $60.7M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0135% | 1h | 0.2200 | −0.177% | $89K | $2.2M | 10x | as long as short |
| Variational Omni ARB | −0.0112% | 8h | 0.2184 | −0.886% | $1.8M | $2.9M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0076% | 8h | 0.2201 | −0.113% | $12K | $395K | 10x | as long as short |
| Gate ARB_USDT | −0.0076% | 8h | 0.2204 | +0.018% | $5.3M | $18.8M | 60x | as long as short |
| Bybit ARBUSDT | −0.0032% | 8h | 0.2203 | −0.005% | $55.7M | $126.8M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2202 | −0.080% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Variational Omni ARB
Orderly PERP_ARB_USDC
Gate ARB_USDT
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2203 | −0.027% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2202 | −0.054% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2201 | −0.093% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2204 | +0.010% | $352K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0013% | 8h | 0.2204 | +0.027% | $64.1M | $307.5M | 75x | as long as short |
| BloFin ARB-USDT | +0.0035% | 8h | 0.2197 | −0.295% | $3.1M | $2.6M | 75x | as long as short |
| BingX ARB-USDC | +0.0063% | 8h | 0.2204 | +0.023% | — | $6.5M | — | as long as short |
| SoDEX ARB-USD | +0.0064% | 1h | 0.2202 | −0.086% | $10K | $2.3M | 5x | as long as short |
| Bitget ARBUSDT | +0.0065% | 8h | 0.2204 | +0.023% | $20.9M | $34.9M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2202 | −0.077% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2202 | −0.050% | $1.2M | $5.7M | 15x | as long as short |
| Hyperliquid ARBlong | +0.0100% | 1h | 0.2203 | long leg | $37.9M | $48.8M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2204 | +0.022% | $634K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2203 | −0.024% | $42K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2203 | −0.036% | $19.5M | $15.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2190 | −0.635% | $39K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2191 | −0.580% | $474K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2195 | −0.386% | $118K | $284K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2203 | −0.023% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2200 | −0.141% | $299K | $952K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2201 | −0.113% | $4.9M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTXshort | +0.0224% | 1h | 0.2201 | −0.113% | $492K | $1.9M | 50x | |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2205 | +0.070% | $463K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2201 | −0.115% | $824K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2199 | −0.183% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0610% | 1h | 0.2205 | +0.059% | $993K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
BingX ARB-USDC
SoDEX ARB-USD
Bitget ARBUSDT
Aevo ARB-PERP
Lighter ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP