Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.062%
Price spread now: Phemex against Hyperliquid−0.088%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$450.451% of the position
Funding, last 7 days−0.242%−$24 on $10k
+Price spread, last 3 days (all we have)+0.918%+$92 · spread now −0.088%, 7d avg −0.079%
=Together, before fees+0.676%+ Points / potential airdropHyperliquid: Season 2 · farm board+$68 on $10k · with fees, hour by hour
| 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 | 59m 46s | $40.4M | $48.5M | 10x |
| Short | Phemex ARBUSDT | 0.2258 | 0.0100 | get 0.0100% / 8h | 59m 46s | $5.2M | $13.2M | 50x |
Hyperliquid ARB
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.088% → −0.079%
- −$0.92
- Slippage, 4 orders
- −$24.11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$46.03
- Costs to cover
- 0.451%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Phemex: live order book, 4 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, 4 min ago | 1.11 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 6.64 bp | 14.4 bp −$14 | 27.6 bp −$276 | 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 | −0.1770% | 1h | 0.2250 | −0.442% | $41K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2257 | −0.133% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0190% | 1h | 0.2257 | −0.146% | $4K | $2.7M | 5x | as long as short |
| Variational Omni ARB | −0.0176% | 8h | 0.2256 | −0.162% | $1.9M | $2.7M | — | as long as short |
| Bybit ARBUSDT | −0.0161% | 8h | 0.2254 | −0.248% | $58.3M | $130.7M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0140% | 1h | 0.2257 | −0.115% | $76K | $2.0M | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0104% | 1h | 0.2258 | −0.066% | $26K | $32K | 25x | as long as short |
| OKX ARB-USDT-SWAP | −0.0101% | 8h | 0.2256 | −0.155% | $22.7M | $159.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0100% | 8h | 0.2257 | −0.142% | $37.4M | $63.1M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 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
Deribit ARB_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2258 | −0.090% | $67K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2256 | −0.173% | $358K | $2.3M | 25x | as long as short |
| Binance ARBUSDT | 0.0000% | 8h | 0.2257 | −0.119% | $64.9M | $313.9M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2259 | −0.031% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0035% | 8h | 0.2257 | −0.124% | $5.5M | $20.8M | 60x | as long as short |
| Bitget ARBUSDT | +0.0067% | 8h | 0.2256 | −0.177% | $21.3M | $36.8M | 50x | as long as short |
| BingX ARB-USDT | +0.0069% | 8h | 0.2257 | −0.137% | — | $53.3M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2258 | −0.081% | $148K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0084% | 1h | 0.2259 | −0.049% | $1.1M | $5.0M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2259 | −0.040% | $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 | 0.2258 | −0.088% | $703K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2258 | −0.083% | $45K | $192K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2258 | −0.066% | $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 | 0.2260 | −0.022% | $281K | $1.1M | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2258 | −0.088% | $5.2M | $13.2M | 50x | |
| BloFin ARB-USDT | +0.0120% | 8h | 0.2257 | −0.124% | $3.1M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2260 | 0.000% | $509K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0156% | 1h | 0.2259 | −0.034% | $848K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2257 | −0.139% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2259 | −0.044% | $501K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0627% | 1h | 0.2260 | −0.009% | $891K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
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
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP