Funding you earn now, next payment 23:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h −0.068%
Price spread now: Variational Omni against Hyperliquid−0.388%7-day average −0.083% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.149%−$15 on $10k
+Price spread, last 7 days+0.319%+$32 · spread now −0.388%, 7d avg −0.083%
=Together, before fees+0.170%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$17 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 Variational Omni is 0.305% cheaper against Hyperliquid than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.083%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ARB | 0.2259 | 0.0100 | pay 0.0013% / 1h | 2m 53s | $40.3M | $48.5M | 10x |
| Short | Variational Omni ARB | 0.2250 | −0.0176 | pay 0.0176% / 8h | 1h 02m | $1.9M | $2.7M | — |
Hyperliquid ARB
Variational Omni ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$57.86
- Price spread: −0.388% → −0.083%
- −$30.49
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$97.35
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 11 min ago | 0.89 bp | 8.5 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 6.64 bp | doesn't fit | 15.5 bp −$155 | 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 | −0.385% | $41K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2256 | −0.128% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0189% | 1h | 0.2256 | −0.097% | $4K | $2.7M | 5x | as long as short |
| Variational Omni ARBshort | −0.0176% | 8h | 0.2250 | −0.388% | $1.9M | $2.7M | — | |
| Bybit ARBUSDT | −0.0157% | 8h | 0.2255 | −0.146% | $58.3M | $130.9M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0149% | 1h | 0.2257 | −0.071% | $26K | $32K | 25x | as long as short |
| Polymarket Perps ARB-USD | −0.0129% | 1h | 0.2257 | −0.066% | $67K | $2.0M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0099% | 8h | 0.2255 | −0.151% | $22.6M | $160.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0098% | 8h | 0.2256 | −0.133% | $37.4M | $63.1M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2256 | −0.120% | $11K | $395K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUAL
Polymarket Perps ARB-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0001% | 8h | 0.2256 | −0.115% | $64.8M | $314.4M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2262 | +0.132% | $67K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2256 | −0.123% | $358K | $2.3M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2258 | −0.027% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0041% | 8h | 0.2256 | −0.106% | $5.5M | $20.8M | 60x | as long as short |
| BingX ARB-USDT | +0.0068% | 8h | 0.2256 | −0.142% | — | $53.3M | — | as long as short |
| Bitget ARBUSDT | +0.0069% | 8h | 0.2255 | −0.164% | $21.3M | $36.9M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2258 | −0.020% | $148K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0084% | 1h | 0.2258 | −0.020% | $1.1M | $5.1M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2258 | −0.035% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARBlong | +0.0100% | 1h | 0.2259 | long leg | $40.3M | $48.5M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2258 | −0.038% | $703K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2261 | +0.090% | $45K | $192K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2258 | −0.040% | $20.8M | $16.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2253 | −0.232% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2255 | −0.171% | $477K | $3.8M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2250 | −0.385% | $121K | $294K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2259 | +0.013% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2258 | −0.031% | $279K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2257 | −0.075% | $5.2M | $13.3M | 50x | as long as short |
| BloFin ARB-USDT | +0.0120% | 8h | 0.2256 | −0.102% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2259 | +0.013% | $509K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0156% | 1h | 0.2258 | −0.023% | $848K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2257 | −0.075% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2259 | +0.029% | $501K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0648% | 1h | 0.2260 | +0.075% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
BingX ARB-USDT
Bitget ARBUSDT
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
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP