Settings8H · net · $10k
Funding arb · Price arb /

AR

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Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.13 per $10,000 · paid last 24h −0.022%
Price spread now: Extended against Hyperliquid−0.151%7-day average −0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$770.765% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.145%−$15 on $10k
Price spread, last 4 days (all we have)−0.176%−$18 · spread now −0.151%, 7d avg −0.157%
Together, before fees−0.321%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$32 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.157%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid AR4.59790.0100pay 0.0013% / 1h11m 36s$4.2M$4.8M5x
ShortExtended AR-USD4.59090get 0.0000% / 1h11m 36s$38K$240K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Hyperliquid. 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

Funding earned
−$21
Price spread: −0.151% → −0.157%
$0.57
Slippage, 4 orders
−$62.54
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$96.97
Costs to cover
0.765%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Extended: live order book, 61 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 10 min ago1.83 bp11.6 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 61 min ago4.77 bp25.9 bp −$26206.2 bp −$2,062doesn't fitdoesn't fit

AR on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ARUSD−0.2405%1h4.5911−0.148%$52K$135K20xas long as short
GMX AR/USD [WBTC.b-USDC]L −0.0140% / S +0.0551%1h4.5935−0.096%$590K50xas long as short
OKX AR-USDT-SWAP−0.0135%8h4.5880−0.215%$2.4M$19.8M20xas long as short
Extended AR-USDshort0.0000%1h4.5909−0.151%$38K$240K10x
MEXC AR_USDT+0.0002%8h4.5910−0.150%$6.5M$4.4M100xas long as short
Binance ARUSDT+0.0003%8h4.5908−0.155%$9.2M$53.3M75xas long as short
Injective AR/USDC PERP+0.0033%1h4.5890−0.194%$3K$3195.5xas long as short
BloFin AR-USDT+0.0048%8h4.5840−0.302%$442K$537K20xas long as short
Hyperliquid ARlong+0.0100%1h4.5979long leg$4.2M$4.8M5x
Aster ARUSDT+0.0100%8h4.5871−0.235%$21K$499K10xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ARUSDT+0.0100%8h4.5890−0.194%$4.6M$8.5M75xas long as short
Gate AR_USDT+0.0100%8h4.5900−0.172%$2.6M$2.2M50xas long as short
KuCoin ARUSDTM+0.0100%8h4.5900−0.172%$1.4M$1.2M50xas long as short
Bitget ARUSDT+0.0100%8h4.5890−0.194%$4.0M$5.4M75xas long as short
BingX AR-USDT+0.0100%8h4.5900−0.172%$2.9Mas long as short
Variational Omni AR+0.0100%8h4.6023+0.095%$143K$168Kas long as short
ApeX Omni ARUSDT+0.0100%1h4.6000+0.046%$23K$741K50xas long as short