Funding you earn now, next payment 04:00 UTC−0.0106%/8h= −11.6% APRnext payment −$0.13 per $10,000 · paid last 24h −0.072%
Price spread now: Kraken Futures against Hyperliquid−0.034%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$590.590% of the position
Funding, last 7 days−0.313%−$31 on $10k
+Price spread, last 4 days (all we have)+2.608%+$261 · spread now −0.034%, 7d avg −0.029%
=Together, before fees+2.294%+ Points / potential airdropHyperliquid: Season 2 · farm board+$229 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$3 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 | 0.2206 | 0.0100 | pay 0.0013% / 1h | 53m 18s | $38.1M | $48.6M | 10x |
| Short | Kraken Futures PF_ARBUSD | 0.2205 | −0.0006 | pay 0.0001% / 1h | 53m 18s | $1.1M | $4.4M | 50x |
Hyperliquid ARB
Kraken Futures PF_ARBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$22.27
- Price spread: −0.034% → −0.029%
- −$0.57
- Slippage, 4 orders
- −$40.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$81.85
- Costs to cover
- 0.590%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Kraken Futures: live order book, 6 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, 10 min ago | 1.36 bp | 10.6 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 6 min ago | 12.00 bp | 22.8 bp −$23 | 27.7 bp −$277 | 554.7 bp −$55.5K | 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 | 0.2196 | −0.449% | $40K | $372K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0204% | 1h | 0.2203 | −0.109% | $24K | $34K | 25x | as long as short |
| MEXC ARB_USDT | −0.0142% | 8h | 0.2204 | −0.091% | $41.0M | $59.5M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0141% | 8h | 0.2203 | −0.127% | $22.2M | $148.1M | 50x | as long as short |
| Variational Omni ARB | −0.0125% | 8h | 0.2208 | +0.081% | $1.8M | $2.9M | — | as long as short |
| 01 Exchange ARBUSD | −0.0112% | 1h | 0.2204 | −0.082% | $7K | $2K | 10x | as long as short |
| Gate ARB_USDT | −0.0102% | 8h | 0.2205 | −0.045% | $5.4M | $18.6M | 60x | as long as short |
| SoDEX ARB-USD | −0.0086% | 1h | 0.2203 | −0.122% | $10K | $2.3M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0078% | 8h | 0.2204 | −0.086% | $13K | $388K | 10x | as long as short |
| Bybit ARBUSDT | −0.0048% | 8h | 0.2204 | −0.091% | $55.9M | $125.8M | 50x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Variational Omni ARB
01 Exchange ARBUSD
Gate ARB_USDT
SoDEX ARB-USD
Orderly PERP_ARB_USDC
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARBUSDshort | −0.0006% | 1h | 0.2205 | −0.034% | $1.1M | $4.4M | 50x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2206 | +0.005% | $65K | $5K | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0002% | 1h | 0.2205 | −0.059% | $70K | $2.2M | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0012% | 1h | 0.2204 | −0.067% | $10K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0014% | 8h | 0.2204 | −0.065% | $64.3M | $306.6M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2203 | −0.153% | $351K | $2.5M | 25x | as long as short |
| ApeX Omni ARBUSDT | +0.0046% | 1h | 0.2199 | −0.313% | $119K | $283K | 50x | as long as short |
| BloFin ARB-USDT | +0.0055% | 8h | 0.2203 | −0.109% | $3.1M | $2.6M | 75x | as long as short |
| Bitget ARBUSDT | +0.0068% | 8h | 0.2205 | −0.041% | $21.0M | $34.6M | 50x | as long as short |
| BingX ARB-USDC | +0.0070% | 8h | 0.2204 | −0.077% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2205 | −0.057% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2203 | −0.131% | $1.2M | $5.7M | 15x | as long as short |
| Hyperliquid ARBlong | +0.0100% | 1h | 0.2206 | long leg | $38.1M | $48.6M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2205 | −0.055% | $637K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2206 | +0.018% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2206 | −0.014% | $19.5M | $15.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2206 | +0.024% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2197 | −0.390% | $467K | $3.6M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2208 | +0.095% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2204 | −0.082% | $299K | $956K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2203 | −0.131% | $4.9M | $12.9M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2211 | +0.231% | $495K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2205 | −0.018% | $482K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2204 | −0.087% | $823K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2204 | −0.095% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0640% | 1h | 0.2210 | +0.186% | $995K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Polymarket Perps ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
ApeX Omni ARBUSDT
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP