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: Hyperliquid against RISEx+0.181%7-day average +0.071% · 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−$14as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Funding, last 3 days (all we have)−0.134%−$13 on $10k
+Price spread, last 5 days (all we have)+0.005%+$1 · spread now +0.181%, 7d avg +0.071%
=Together, before fees−0.129%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.110% dearer against RISEx than usual: you sell high and buy low (spread +0.181% now, against its 7-day average of +0.071%): +$11 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 3 days (−0.134% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.134% in total (about -14.8% 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 | RISEx ARB/USDC | 0.2234 | 0.0546 | pay 0.0068% / 1h | 38m 57s | $490K | $2.9M | 10x |
| Short | Hyperliquid ARB | 0.2238 | 0.0100 | get 0.0013% / 1h | 38m 57s | $40.1M | $53.1M | 10x |
RISEx ARB/USDC
Hyperliquid ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against RISEx. 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: +0.181% → +0.071%
- $11
- Slippage, 4 orders
- −$10.35
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$108.03
- Costs to cover
- 0.253%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 5 min ago; Hyperliquid: 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 RISEx live order book, 5 min ago | 2.69 bp | 6.0 bp −$6 | 27.7 bp −$277 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.67 bp | 5.2 bp −$5 | 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 PERP | −0.1675% | 1h | 0.2219 | −0.683% | $40K | $107K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0336% | 1h | 0.2232 | −0.101% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0218% | 8h | 0.2236 | +0.087% | $56.6M | $136.3M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0197% | 1h | 0.2235 | +0.047% | $37K | $18K | 25x | as long as short |
| Variational Omni ARB | −0.0184% | 8h | 0.2232 | −0.093% | $1.9M | $2.8M | — | as long as short |
| SoDEX ARB-USD | −0.0073% | 1h | 0.2234 | −0.020% | $4K | $2.9M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0069% | 8h | 0.2235 | +0.051% | $22.2M | $165.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0067% | 8h | 0.2236 | +0.060% | $37.6M | $63.3M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2235 | +0.055% | $1.1M | $5.3M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0010% | 8h | 0.2234 | −0.011% | $10K | $386K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2232 | −0.115% | $66K | $4K | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0002% | 1h | 0.2234 | −0.011% | $77K | $2.3M | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2236 | +0.068% | $55K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0007% | 8h | 0.2236 | +0.078% | $63.6M | $326.4M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2236 | +0.060% | $355K | $2.5M | 25x | as long as short |
| Gate ARB_USDT | +0.0017% | 8h | 0.2237 | +0.137% | $5.5M | $21.5M | 60x | as long as short |
| BloFin ARB-USDT | +0.0030% | 8h | 0.2235 | +0.011% | $3.0M | $3.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2236 | +0.072% | $146K | $12K | 3x | as long as short |
| BingX ARB-USDT | +0.0083% | 8h | 0.2237 | +0.105% | — | $54.0M | — | as long as short |
| Bitget ARBUSDT | +0.0084% | 8h | 0.2236 | +0.078% | $21.0M | $38.8M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2235 | +0.051% | $1.3M | $7.7M | 15x | as long as short |
| ApeX Omni ARBUSDT | +0.0097% | 1h | 0.2230 | −0.190% | $121K | $297K | 50x | as long as short |
| Hyperliquid ARBshort | +0.0100% | 1h | 0.2238 | +0.181% | $40.1M | $53.1M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2236 | +0.080% | $696K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2233 | −0.065% | $46K | $205K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2238 | +0.150% | $20.7M | $17.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2231 | −0.146% | $38K | $448K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2231 | −0.157% | $478K | $4.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2232 | −0.101% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2234 | −0.029% | $275K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2234 | −0.011% | $5.4M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0168% | 1h | 0.2236 | +0.066% | $820K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2235 | +0.034% | $507K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2233 | −0.038% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0531% | 1h | 0.2239 | +0.217% | $1.1M | $2.8M | 20x | as long as short |
| RISEx ARB/USDClong | +0.0546% | 1h | 0.2234 | long leg | $490K | $2.9M | 10x |
dYdX ARB-USD
Polymarket Perps ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Gate ARB_USDT
BloFin ARB-USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Lighter ARB
ApeX Omni ARBUSDT
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