Funding you earn now, next payment 04:00 UTC−0.0227%/8h= −24.8% APRnext payment −$0.28 per $10,000 · paid last 24h −0.086%
Price spread now: Polymarket Perps against Hyperliquid−0.077%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Funding, last 7 days−0.640%−$64 on $10k
+Price spread, last 7 days+0.033%+$3 · spread now −0.077%, 7d avg −0.108%
=Together, before fees−0.607%+ Points / potential airdropHyperliquid: Season 2 · farm board−$61 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.031% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.077% now, against its 7-day average of −0.108%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ARB | 0.2205 | 0.0100 | pay 0.0013% / 1h | 31m 29s | $38.0M | $48.8M | 10x |
| Short | Polymarket Perps ARB-USD | 0.2204 | −0.0127 | pay 0.0016% / 1h | 31m 29s | $90K | $2.2M | 10x |
Hyperliquid ARB
Polymarket Perps ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$47.58
- Price spread: −0.077% → −0.108%
- $3.14
- Slippage, 4 orders
- −$10.27
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$71.71
- Costs to cover
- 0.273%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Polymarket Perps: 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 | 0.68 bp | 7.7 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 1.60 bp | 5.6 bp −$6 | 9.3 bp −$93 | 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 | −0.1649% | 1h | 0.2179 | −1.197% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2204 | −0.068% | $7K | $2K | 10x | as long as short |
| MEXC ARB_USDT | −0.0136% | 8h | 0.2204 | −0.077% | $42.1M | $60.7M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0135% | 8h | 0.2203 | −0.127% | $22.2M | $148.7M | 50x | as long as short |
| Polymarket Perps ARB-USDshort | −0.0127% | 1h | 0.2204 | −0.077% | $90K | $2.2M | 10x | |
| Variational Omni ARB | −0.0112% | 8h | 0.2184 | −0.972% | $1.8M | $2.9M | — | as long as short |
| Gate ARB_USDT | −0.0076% | 8h | 0.2204 | −0.054% | $5.3M | $18.8M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0075% | 8h | 0.2203 | −0.109% | $12K | $395K | 10x | as long as short |
| Bybit ARBUSDT | −0.0032% | 8h | 0.2203 | −0.109% | $55.6M | $126.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2202 | −0.166% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Variational Omni ARB
Gate ARB_USDT
Orderly PERP_ARB_USDC
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2203 | −0.113% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2202 | −0.141% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2204 | −0.063% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2204 | −0.076% | $352K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0013% | 8h | 0.2204 | −0.071% | $64.1M | $307.6M | 75x | as long as short |
| BloFin ARB-USDT | +0.0035% | 8h | 0.2197 | −0.381% | $3.1M | $2.6M | 75x | as long as short |
| BingX ARB-USDT | +0.0064% | 8h | 0.2203 | −0.100% | — | $53.9M | — | as long as short |
| SoDEX ARB-USD | +0.0064% | 1h | 0.2202 | −0.172% | $10K | $2.3M | 5x | as long as short |
| Bitget ARBUSDT | +0.0065% | 8h | 0.2203 | −0.109% | $20.9M | $34.9M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2202 | −0.163% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2202 | −0.136% | $1.2M | $5.7M | 15x | as long as short |
| Hyperliquid ARBlong | +0.0100% | 1h | 0.2205 | long leg | $38.0M | $48.8M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2206 | +0.028% | $635K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2203 | −0.110% | $42K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2204 | −0.045% | $19.5M | $15.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2190 | −0.721% | $39K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2191 | −0.666% | $474K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2195 | −0.472% | $118K | $284K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2203 | −0.109% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2200 | −0.227% | $299K | $952K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2201 | −0.200% | $4.9M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2201 | −0.200% | $492K | $1.9M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2205 | −0.016% | $463K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2204 | −0.065% | $826K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2203 | −0.100% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0610% | 1h | 0.2205 | −0.027% | $993K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
BingX ARB-USDT
SoDEX ARB-USD
Bitget ARBUSDT
Aevo ARB-PERP
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
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP