Funding you earn now, next payment 23:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.107%
Price spread now: Deribit against Hyperliquid−0.075%50s7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Deribit is 0.075% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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 | Hyperliquid ARB | 0.2260 | 0.0100 | pay 0.0013% / 1h | 1m 21s | $40.4M | $48.5M | 10x |
| Short | Deribit ARB_USDC-PERPETUAL | 0.2258 | −0.0060 | pay 0.0008% / 1h | 1m 21s | $26K | $32K | 25x |
Hyperliquid ARB
Deribit ARB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$33.6
- Price spread: −0.075% → 0.000%
- −$7.52
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$57.12
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 12 min ago; Deribit: no order-book sample. 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 Hyperliquid live order book, 12 min ago | 0.89 bp | 8.5 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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 | −0.1770% | 1h | 0.2250 | −0.442% | $41K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2257 | −0.128% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0190% | 1h | 0.2257 | −0.124% | $4K | $2.7M | 5x | as long as short |
| Variational Omni ARB | −0.0176% | 8h | 0.2250 | −0.445% | $1.9M | $2.7M | — | as long as short |
| Bybit ARBUSDT | −0.0158% | 8h | 0.2256 | −0.164% | $58.4M | $130.8M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0136% | 1h | 0.2257 | −0.133% | $76K | $2.0M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0100% | 8h | 0.2257 | −0.137% | $22.6M | $160.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0099% | 8h | 0.2257 | −0.137% | $37.4M | $63.1M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUALshort | −0.0060% | 1h | 0.2258 | −0.075% | $26K | $32K | 25x | |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2258 | −0.088% | $13K | $397K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
Bybit ARBUSDT
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | 0.0000% | 8h | 0.2257 | −0.116% | $64.9M | $314.0M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2258 | −0.075% | $67K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2256 | −0.172% | $358K | $2.3M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2259 | −0.066% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0039% | 8h | 0.2257 | −0.124% | $5.5M | $20.8M | 60x | as long as short |
| Bitget ARBUSDT | +0.0068% | 8h | 0.2257 | −0.133% | $21.3M | $36.8M | 50x | as long as short |
| BingX ARB-USDT | +0.0069% | 8h | 0.2257 | −0.133% | — | $53.3M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2259 | −0.061% | $148K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0084% | 1h | 0.2260 | +0.004% | $1.1M | $5.1M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2259 | −0.049% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARBlong | +0.0100% | 1h | 0.2260 | long leg | $40.4M | $48.5M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2257 | −0.118% | $702K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2259 | −0.061% | $45K | $192K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2257 | −0.115% | $20.8M | $16.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2258 | −0.104% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2255 | −0.229% | $477K | $3.8M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2258 | −0.088% | $122K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2260 | 0.000% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2258 | −0.088% | $279K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2257 | −0.133% | $5.2M | $13.3M | 50x | as long as short |
| BloFin ARB-USDT | +0.0120% | 8h | 0.2256 | −0.159% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2260 | 0.000% | $510K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0156% | 1h | 0.2258 | −0.080% | $848K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2257 | −0.134% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2259 | −0.049% | $501K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0644% | 1h | 0.2261 | +0.022% | $1.0M | $2.7M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
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
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP