Funding you earn now, next payment 22:00 UTC+0.0446%/8h= +48.8% APRnext payment +$0.56 per $10,000 · paid last 24h −0.050%
Price spread now: RISEx against Hyperliquid+0.026%7-day average −0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$330.325% of the position
Funding, last 3 days (all we have)+0.128%+$13 on $10k
+Price spread, last 5 days (all we have)−0.163%−$16 · spread now +0.026%, 7d avg −0.072%
=Together, before fees−0.035%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and RISEx is 0.098% dearer against Hyperliquid than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.072%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.128% in total (about 14.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.56 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ARB | 0.2215 | 0.0100 | pay 0.0013% / 1h | 49m 12s | $39.7M | $53.0M | 10x |
| Short | RISEx ARB/USDC | 0.2216 | 0.0546 | get 0.0068% / 1h | 49m 12s | $486K | $2.9M | 10x |
Hyperliquid ARB
RISEx ARB/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $93.68
- Price spread: +0.026% → −0.072%
- $9.84
- Slippage, 4 orders
- −$17.52
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $71.01
- Costs to cover
- 0.325%
- Break-even
- 1.7 days
Slippage from Hyperliquid: live order book, 4 min ago; RISEx: live order book, 5 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 | 0.23 bp | 8.3 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell RISEx live order book, 5 min ago | 3.39 bp | 7.2 bp −$7 | 76.2 bp −$762 | 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 | −0.1675% | 1h | 0.2199 | −0.727% | $40K | $107K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0416% | 1h | 0.2213 | −0.095% | $7K | $2K | 10x | as long as short |
| ApeX Omni ARBUSDT | −0.0271% | 1h | 0.2210 | −0.230% | $120K | $297K | 50x | as long as short |
| Bybit ARBUSDT | −0.0243% | 8h | 0.2213 | −0.095% | $57.5M | $134.8M | 50x | as long as short |
| Variational Omni ARB | −0.0191% | 8h | 0.2209 | −0.255% | $1.9M | $2.8M | — | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0111% | 1h | 0.2214 | −0.041% | $36K | $18K | 25x | as long as short |
| MEXC ARB_USDT | −0.0059% | 8h | 0.2213 | −0.077% | $37.5M | $63.0M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0058% | 8h | 0.2212 | −0.126% | $22.1M | $164.0M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0054% | 1h | 0.2215 | −0.003% | $1.1M | $5.2M | 50x | as long as short |
| SoDEX ARB-USD | −0.0033% | 1h | 0.2213 | −0.104% | $4K | $2.9M | 5x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
ApeX Omni ARBUSDT
Bybit ARBUSDT
Variational Omni ARB
Deribit ARB_USDC-PERPETUAL
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Kraken Futures PF_ARBUSD
SoDEX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ARB-USD | −0.0008% | 1h | 0.2213 | −0.077% | $76K | $2.3M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0007% | 8h | 0.2214 | −0.050% | $10K | $383K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2214 | −0.050% | $65K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2212 | −0.132% | $351K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0003% | 8h | 0.2214 | −0.071% | $63.1M | $326.0M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2214 | −0.041% | $55K | — | 150x | as long as short |
| BloFin ARB-USDT | +0.0013% | 8h | 0.2212 | −0.153% | $3.0M | $3.3M | 75x | as long as short |
| Gate ARB_USDT | +0.0019% | 8h | 0.2214 | −0.054% | $5.5M | $21.5M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2215 | −0.027% | $145K | $12K | 3x | as long as short |
| BingX ARB-USDC | +0.0081% | 8h | 0.2212 | −0.135% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0083% | 8h | 0.2212 | −0.140% | $20.8M | $38.9M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2214 | −0.032% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARBlong | +0.0100% | 1h | 0.2215 | long leg | $39.7M | $53.0M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2213 | −0.117% | $688K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2213 | −0.088% | $45K | $207K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2214 | −0.032% | $20.4M | $17.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2212 | −0.144% | $38K | $449K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2211 | −0.204% | $474K | $4.2M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2214 | −0.050% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2213 | −0.090% | $272K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2213 | −0.095% | $5.3M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0275% / S −0.0168% | 1h | 0.2214 | −0.037% | $812K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2214 | −0.032% | $506K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2213 | −0.100% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0379% | 1h | 0.2214 | −0.059% | $1.1M | $2.8M | 20x | as long as short |
| RISEx ARB/USDCshort | +0.0546% | 1h | 0.2216 | +0.026% | $486K | $2.9M | 10x |
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDC
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
BloFin ARB-USDT
Gate ARB_USDT
Aevo ARB-PERP
BingX ARB-USDC
Bitget ARBUSDT
Lighter ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP