Funding you earn now, next payment 02:00 UTC+0.1792%/8h= +196.2% APRnext payment +$2.24 per $10,000 · paid last 24h +0.572%
Price spread now: Hyperliquid against Injective−0.212%7-day average +0.512% · you buy dearer than you sell
Net, funding: paid 7d − costs+$257as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1171.170% of the position
Funding, last 7 days+3.737%+$374 on $10k
+Price spread, last 3 days (all we have)+0.171%+$17 · spread now −0.212%, 7d avg +0.512%
=Together, before fees+3.908%+ Points / potential airdropHyperliquid: Season 2 · farm board+$391 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.724% cheaper against Injective than usual: you would sell low and buy high (spread −0.212% now, against its 7-day average of +0.512%). If the spread goes back, that is −$72 on $10k: about 32 hours of funding at the current rate (+$54 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ARB/USDC PERP | 0.2220 | −0.1692 | get 0.0211% / 1h | 56m 50s | $40K | $372K | 12x |
| Short | Hyperliquid ARB | 0.2215 | 0.0100 | get 0.0013% / 1h | 56m 50s | $39.2M | $49.4M | 10x |
Injective ARB/USDC PERP
Hyperliquid ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Injective. 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
- $376.28
- Price spread: −0.212% → +0.512%
- −$72.42
- Slippage, 4 orders
- −$107.98
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $186.86
- Costs to cover
- 1.170%
- Break-even
- 3.5 days
Slippage from Injective: live order book, 12 min ago; Hyperliquid: live order book, 7 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 Injective live order book, 12 min ago | 50.63 bp | 50.6 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 1.55 bp | 9.3 bp −$9 | doesn't fit | 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 PERPlong | −0.1692% | 1h | 0.2220 | long leg | $40K | $372K | 12x | |
| SoDEX ARB-USD | −0.0264% | 1h | 0.2225 | +0.203% | $10K | $2.5M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0199% | 1h | 0.2225 | +0.239% | $24K | $34K | 25x | as long as short |
| Variational Omni ARB | −0.0196% | 8h | 0.2245 | +1.120% | $1.9M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0184% | 1h | 0.2228 | +0.365% | $7K | $2K | 10x | as long as short |
| MEXC ARB_USDT | −0.0106% | 8h | 0.2214 | −0.288% | $38.2M | $58.5M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0106% | 8h | 0.2212 | −0.342% | $22.5M | $155.1M | 50x | as long as short |
| Bybit ARBUSDT | −0.0087% | 8h | 0.2212 | −0.365% | $57.5M | $127.8M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0054% | 8h | 0.2226 | +0.270% | $13K | $387K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2229 | +0.387% | $66K | $4K | 10x | as long as short |
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
01 Exchange ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Bybit ARBUSDT
Orderly PERP_ARB_USDC
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2228 | +0.338% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2215 | −0.238% | $353K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0009% | 8h | 0.2214 | −0.279% | $65.4M | $314.2M | 75x | as long as short |
| BloFin ARB-USDT | +0.0036% | 8h | 0.2223 | +0.113% | $3.2M | $2.8M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2226 | +0.270% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2216 | −0.194% | $1.3M | $7.2M | 15x | as long as short |
| Hyperliquid ARBshort | +0.0100% | 1h | 0.2215 | −0.212% | $39.2M | $49.4M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2218 | −0.099% | $692K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2229 | +0.418% | $44K | $186K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2215 | −0.225% | $5.4M | $19.4M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2219 | −0.045% | $19.3M | $15.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2213 | −0.315% | $21.1M | $36.1M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2214 | −0.279% | — | $54.4M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2236 | +0.739% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2238 | +0.811% | $485K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2237 | +0.766% | $121K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2229 | +0.401% | $70K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2225 | +0.225% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2225 | +0.212% | $289K | $988K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2226 | +0.270% | $5.1M | $12.9M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0154% / S −0.0014% | 1h | 0.2227 | +0.323% | $858K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2235 | +0.676% | $504K | $2.2M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2226 | +0.270% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0310% | 1h | 0.2226 | +0.278% | $1.1M | $4.8M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0465% | 1h | 0.2223 | +0.135% | $1.0M | $2.9M | 20x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2232 | +0.534% | $506K | $2.6M | 10x | as long as short |
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
Aevo ARB-PERP
Lighter ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
Backpack ARB_USDC_PERP
RISEx ARB/USDC