Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.069%

Price spread now: Gate against Hyperliquid−0.081%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.292%−$29 on $10k

Price spread, last 7 days+0.061%+$6 · spread now −0.081%, 7d avg −0.099%

Together, before fees−0.231%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.099%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ARB	0.2218	0.0100	pay 0.0013% / 1h	52m 26s	$38.3M	$50.3M	10x
Short	Gate ARB_USDT	0.2216	0.0067	get 0.0067% / 8h	6h 52m	$5.4M	$19.6M	60x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Hyperliquid. 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

Position, each leg$Hold fordaysFee HyperliquidbpFee GatebpOrdersPrice spread, now −0.081%Rate

Funding earned: −$6.93
Price spread: −0.081% → −0.099%: $1.77
Slippage, 4 orders: −$26.65
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$55.81
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; Gate: live order book, 1 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, 11 min ago	1.55 bp	6.5 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.94 bp	20.1 bp −$20	32.8 bp −$328	162.9 bp −$16.3K	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
ApeX Omni ARBUSDT	−0.1916%	1h	0.2228	+0.464%	$120K	$296K	50x	as long as short
Injective ARB/USDC PERP	−0.1692%	1h	0.2196	−0.978%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0208%	1h	0.2215	−0.113%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0190%	8h	0.2195	−1.023%	$1.8M	$2.8M	—	as long as short
OKX ARB-USDT-SWAP	−0.0106%	8h	0.2215	−0.104%	$22.4M	$157.1M	50x	as long as short
MEXC ARB_USDT	−0.0106%	8h	0.2215	−0.104%	$37.5M	$58.9M	200x	as long as short
Bybit ARBUSDT	−0.0091%	8h	0.2215	−0.108%	$57.4M	$128.9M	50x	as long as short
SoDEX ARB-USD	−0.0060%	1h	0.2212	−0.271%	$10K	$2.5M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0053%	8h	0.2212	−0.257%	$13K	$387K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0021%	1h	0.2212	−0.248%	$24K	$34K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2216	−0.092%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2212	−0.257%	$31K	—	150x	as long as short
Binance ARBUSDT	+0.0005%	8h	0.2216	−0.058%	$65.2M	$317.8M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2214	−0.163%	$352K	$2.5M	25x	as long as short
BloFin ARB-USDT	+0.0020%	8h	0.2210	−0.334%	$3.2M	$2.9M	75x	as long as short
Gate ARB_USDTshort	+0.0067%	8h	0.2216	−0.081%	$5.4M	$19.6M	60x
Aevo ARB-PERP	+0.0080%	1h	0.2213	−0.228%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2215	−0.108%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARBlong	+0.0100%	1h	0.2218	long leg	$38.3M	$50.3M	10x
Aster ARBUSDT	+0.0100%	8h	0.2214	−0.183%	$659K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2216	−0.066%	$44K	$186K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2217	−0.027%	$19.6M	$15.9M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2215	−0.122%	$21.1M	$36.5M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2215	−0.122%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2227	+0.433%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2198	−0.907%	$476K	$3.5M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2217	−0.045%	$76K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2212	−0.257%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2213	−0.225%	$290K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2212	−0.257%	$5.1M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2212	−0.257%	$504K	$2.2M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2212	−0.246%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2215	−0.105%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0312%	1h	0.2213	−0.197%	$1.1M	$4.8M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0431%	1h	0.2217	−0.036%	$1.0M	$2.9M	20x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2217	−0.047%	$500K	$2.6M	10x	as long as short