ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0189%/8h= +20.7% APRnext payment +$0.24 per $10,000 · paid last 24h +0.004%

Price spread now: Reya against Hyperliquid−0.094%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.094% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 40 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ARB	0.2191	0.0100	pay 0.0013% / 1h	13m 17s	$37.4M	$48.4M	10x
Short	Reya ARBRUSDPERP	0.2189	0.0289	get 0.0036% / 1h	13m 17s	$2K	$695	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.094%Rate

Funding earned: $39.69
Price spread: −0.094% → 0.000%: −$9.38
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: $15.32
Costs to cover: 0.150%
Break-even: 4.3 days

Slippage unknown: Hyperliquid: live order book, 10 min ago; Reya: no order-book sample. Net counts fees only.

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	0.23 bp	7.6 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1589%	1h	0.2183	−0.383%	$39K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0168%	1h	0.2189	−0.100%	$69K	$2.1M	10x	as long as short
MEXC ARB_USDT	−0.0102%	8h	0.2190	−0.073%	$41.3M	$60.7M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0101%	8h	0.2190	−0.068%	$22.0M	$141.8M	50x	as long as short
Variational Omni ARB	−0.0095%	8h	0.2191	−0.024%	$1.8M	$3.0M	—	as long as short
Orderly PERP_ARB_USDC	−0.0063%	8h	0.2190	−0.064%	$12K	$407K	10x	as long as short
Bybit ARBUSDT	−0.0053%	8h	0.2190	−0.078%	$55.3M	$123.1M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0050%	1h	0.2191	−0.002%	$1.1M	$4.4M	50x	as long as short
01 Exchange ARBUSD	−0.0016%	1h	0.2190	−0.068%	$7K	$1K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2191	−0.038%	$65K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2191	−0.032%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2190	−0.046%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0005%	8h	0.2190	−0.064%	$5.3M	$18.2M	60x	as long as short
Bitget ARBUSDT	+0.0052%	8h	0.2189	−0.110%	$20.8M	$33.8M	50x	as long as short
BingX ARB-USDC	+0.0053%	8h	0.2190	−0.078%	—	$6.5M	—	as long as short
Extended ARB-USD	+0.0056%	1h	0.2189	−0.107%	$349K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0056%	8h	0.2190	−0.059%	$64.0M	$298.5M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2189	−0.110%	$1.3M	$5.5M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2191	−0.011%	$139K	$7K	3x	as long as short
Hyperliquid ARBlong	+0.0100%	1h	0.2191	long leg	$37.4M	$48.4M	10x
Aster ARBUSDT	+0.0100%	8h	0.2190	−0.086%	$630K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2189	−0.109%	$42K	$158K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2190	−0.046%	$19.6M	$14.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2191	−0.016%	$38K	$465K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2192	+0.030%	$468K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2194	+0.119%	$118K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2193	+0.073%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2190	−0.064%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2191	−0.023%	$296K	$884K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2190	−0.064%	$5.0M	$12.8M	50x	as long as short
RISEx ARB/USDC	+0.0118%	1h	0.2191	−0.023%	$444K	$2.6M	10x	as long as short
BloFin ARB-USDT	+0.0176%	8h	0.2191	−0.037%	$3.1M	$2.5M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0256%	1h	0.2193	+0.073%	$494K	$1.6M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2191	−0.026%	$827K	—	150x	as long as short
Reya ARBRUSDPERPshort	+0.0289%	1h	0.2189	−0.094%	$2K	$695	20x
Backpack ARB_USDC_PERP	+0.0577%	1h	0.2192	+0.037%	$985K	$2.8M	20x	as long as short