ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0189%/8h= −20.7% APRnext payment −$0.24 per $10,000 · paid last 24h −0.004%

Price spread now: Hyperliquid against Reya+0.128%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Hyperliquid

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 airdropReya: Active · Hyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.128% dearer against Reya than usual: you sell high and buy low (spread +0.128% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ARBRUSDPERP	0.2197	0.0289	pay 0.0036% / 1h	4m 10s	$2K	$695	20x
Short	Hyperliquid ARB	0.2200	0.0100	get 0.0013% / 1h	4m 10s	$37.7M	$48.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Reya. 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 ReyabpFee HyperliquidbpOrdersPrice spread, now +0.128%Rate

Funding earned: −$39.74
Price spread: +0.128% → 0.000%: $12.77
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$41.97
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 9 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 Reya no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 9 min ago	1.36 bp	8.3 bp −$8	doesn't fit	doesn't fit	doesn't fit

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	−0.1649%	1h	0.2186	−0.519%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2197	−0.032%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0157%	1h	0.2198	+0.009%	$86K	$2.1M	10x	as long as short
MEXC ARB_USDT	−0.0117%	8h	0.2199	+0.082%	$41.5M	$60.9M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0117%	8h	0.2199	+0.087%	$22.2M	$145.2M	50x	as long as short
Variational Omni ARB	−0.0096%	8h	0.2192	−0.265%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0074%	8h	0.2198	+0.028%	$12K	$400K	10x	as long as short
Gate ARB_USDT	−0.0051%	8h	0.2199	+0.059%	$5.3M	$18.8M	60x	as long as short
Bybit ARBUSDT	−0.0034%	8h	0.2198	+0.050%	$55.4M	$125.1M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0006%	1h	0.2200	+0.101%	$1.1M	$4.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2197	−0.035%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2199	+0.078%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2199	+0.057%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2197	−0.013%	$348K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0018%	8h	0.2199	+0.087%	$63.9M	$301.9M	75x	as long as short
SoDEX ARB-USD	+0.0030%	1h	0.2198	+0.032%	$10K	$2.3M	5x	as long as short
Bitget ARBUSDT	+0.0061%	8h	0.2198	+0.028%	$20.9M	$34.3M	50x	as long as short
BingX ARB-USDC	+0.0063%	8h	0.2197	0.000%	—	$6.5M	—	as long as short
BloFin ARB-USDT	+0.0081%	8h	0.2195	−0.095%	$3.1M	$2.6M	75x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2199	+0.087%	$139K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2199	+0.073%	$1.2M	$5.8M	15x	as long as short
Hyperliquid ARBshort	+0.0100%	1h	0.2200	+0.128%	$37.7M	$48.4M	10x
Aster ARBUSDT	+0.0100%	8h	0.2199	+0.088%	$633K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2196	−0.050%	$42K	$168K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2198	+0.041%	$19.5M	$14.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2195	−0.122%	$38K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2195	−0.109%	$466K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2194	−0.154%	$118K	$284K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2201	+0.164%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2198	+0.046%	$298K	$909K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2199	+0.073%	$5.0M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2201	+0.164%	$489K	$1.9M	50x	as long as short
RISEx ARB/USDC	+0.0225%	1h	0.2198	+0.028%	$464K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2199	+0.067%	$829K	—	150x	as long as short
Reya ARBRUSDPERPlong	+0.0289%	1h	0.2197	long leg	$2K	$695	20x
Backpack ARB_USDC_PERP	+0.0608%	1h	0.2203	+0.237%	$992K	$2.8M	20x	as long as short