Funding you earn now, next payment 00:00 UTC−0.0280%/8h= −30.6% APRnext payment −$0.35 per $10,000 · paid last 24h −0.111%
Price spread now: SoDEX against Hyperliquid−0.199%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 3 days (all we have)−0.210%−$21 on $10k
+Price spread, last 3 days (all we have)+0.707%+$71 · spread now −0.199%, 7d avg −0.098%
=Together, before fees+0.496%+ Points / potential airdropHyperliquid: Season 2 · farm board+$50 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and SoDEX is 0.101% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.098%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ARB | 0.2266 | 0.0100 | pay 0.0013% / 1h | 9m 11s | $41.0M | $47.6M | 10x |
| Short | SoDEX ARB-USD | 0.2261 | −0.0180 | pay 0.0022% / 1h | 9m 11s | $4K | $2.6M | 5x |
Hyperliquid ARB
SoDEX ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$58.77
- Price spread: −0.199% → −0.098%
- −$10.11
- Slippage, 4 orders
- −$10.99
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$96.87
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; SoDEX: 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 | 0.22 bp | 7.5 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 5 min ago | 0.22 bp | 5.4 bp −$5 | 19.2 bp −$192 | 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 | −0.1785% | 1h | 0.2256 | −0.424% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0246% | 1h | 0.2263 | −0.124% | $68K | $2.0M | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0236% | 1h | 0.2263 | −0.132% | $25K | $34K | 25x | as long as short |
| 01 Exchange ARBUSD | −0.0200% | 1h | 0.2260 | −0.247% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0192% | 8h | 0.2264 | −0.092% | $2.0M | $2.8M | — | as long as short |
| SoDEX ARB-USDshort | −0.0180% | 1h | 0.2261 | −0.199% | $4K | $2.6M | 5x | |
| Bybit ARBUSDT | −0.0176% | 8h | 0.2261 | −0.216% | $58.2M | $128.2M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0113% | 8h | 0.2262 | −0.168% | $22.8M | $159.2M | 50x | as long as short |
| MEXC ARB_USDT | −0.0112% | 8h | 0.2261 | −0.199% | $38.5M | $60.1M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2263 | −0.115% | $13K | $394K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Deribit ARB_USDC-PERPETUAL
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ARB_USDT | −0.0014% | 8h | 0.2263 | −0.097% | $5.4M | $20.3M | 60x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2265 | −0.031% | $67K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2261 | −0.197% | $361K | $2.3M | 25x | as long as short |
| Binance ARBUSDT | +0.0003% | 8h | 0.2262 | −0.168% | $66.6M | $313.5M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2265 | −0.040% | $56K | — | 150x | as long as short |
| BloFin ARB-USDT | +0.0011% | 8h | 0.2262 | −0.159% | $3.1M | $2.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0054% | 8h | 0.2262 | −0.159% | $21.3M | $35.9M | 50x | as long as short |
| BingX ARB-USDT | +0.0059% | 8h | 0.2261 | −0.185% | — | $54.1M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2264 | −0.058% | $148K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2263 | −0.097% | $1.4M | $7.5M | 15x | as long as short |
| Hyperliquid ARBlong | +0.0100% | 1h | 0.2266 | long leg | $41.0M | $47.6M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2265 | −0.019% | $706K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2264 | −0.054% | $47K | $183K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2263 | −0.124% | $19.6M | $16.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2268 | +0.125% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2266 | +0.018% | $486K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2268 | +0.106% | $122K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2266 | +0.018% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2262 | −0.141% | $291K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2263 | −0.115% | $5.2M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2268 | +0.106% | $512K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0236% | 1h | 0.2264 | −0.083% | $1.1M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2262 | −0.147% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0297% / S −0.0186% | 1h | 0.2264 | −0.066% | $926K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2264 | −0.064% | $515K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0463% | 1h | 0.2265 | −0.013% | $1.0M | $2.8M | 20x | as long as short |
Gate ARB_USDT
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDT
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
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC
Backpack ARB_USDC_PERP