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: Extended against Hyperliquid−0.059%7-day average −0.182% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as 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 airdropHyperliquid: Season 2 · Extended: Active · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.123% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.059% now, against its 7-day average of −0.182%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ARB | 0.2217 | 0.0100 | pay 0.0013% / 1h | 11m 41s | $38.6M | $51.8M | 10x |
| Short | Extended ARB-USD | 0.2216 | 0 | get 0.0000% / 1h | 11m 41s | $352K | $2.5M | 25x |
Hyperliquid ARB
Extended ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$21
- Price spread: −0.059% → −0.182%
- $12.32
- Slippage, 4 orders
- −$34.13
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$56.81
- Costs to cover
- 0.481%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Extended: 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 | 0.45 bp | 4.9 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 15.79 bp | 18.3 bp −$18 | 78.5 bp −$785 | 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 | −0.677% | $40K | $372K | 12x | as long as short |
| SoDEX ARB-USD | −0.0257% | 1h | 0.2217 | −0.023% | $10K | $2.5M | 5x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2214 | −0.135% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0159% | 8h | 0.2212 | −0.242% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0126% | 8h | 0.2214 | −0.122% | $22.4M | $156.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0126% | 8h | 0.2216 | −0.032% | $39.1M | $60.2M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0111% | 1h | 0.2217 | −0.018% | $24K | $34K | 25x | as long as short |
| Gate ARB_USDT | −0.0070% | 8h | 0.2217 | −0.018% | $5.4M | $19.9M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0067% | 8h | 0.2215 | −0.090% | $12K | $385K | 10x | as long as short |
| Bybit ARBUSDT | −0.0038% | 8h | 0.2215 | −0.095% | $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 | −0.073% | $64.6M | $316.8M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2217 | −0.018% | $66K | $5K | 10x | as long as short |
| Extended ARB-USDshort | 0.0000% | 1h | 0.2216 | −0.059% | $352K | $2.5M | 25x | |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2217 | +0.005% | $10K | — | 150x | as long as short |
| ApeX Omni ARBUSDT | +0.0051% | 1h | 0.2214 | −0.135% | $119K | $286K | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2217 | −0.023% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2215 | −0.077% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARBlong | +0.0100% | 1h | 0.2217 | long leg | $38.6M | $51.8M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2216 | −0.043% | $660K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2215 | −0.083% | $42K | $184K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2217 | −0.009% | $19.6M | $15.7M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2216 | −0.045% | $21.2M | $36.4M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2216 | −0.041% | — | $54.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2214 | −0.121% | $40K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2215 | −0.090% | $481K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2216 | −0.054% | $87K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2218 | +0.045% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2218 | +0.027% | $298K | $996K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2216 | −0.045% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2222 | +0.226% | $508K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2217 | +0.005% | $827K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2215 | −0.108% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0312% | 1h | 0.2218 | +0.034% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2215 | −0.072% | $481K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0531% | 1h | 0.2219 | +0.099% | $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