Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h +0.072%

Price spread now: Hyperliquid against Binance+0.058%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$7as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.269%+$27 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.058%, 7d avg +0.085%

Together, before fees+0.228%+ Points / potential airdropHyperliquid: Season 2 · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.027% cheaper against Binance than usual: you would sell low and buy high (spread +0.058% now, against its 7-day average of +0.085%). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ARBUSDT	0.2220	−0.0003	get 0.0003% / 8h	6h 25m	$64.8M	$317.7M	75x
Short	Hyperliquid ARB	0.2221	0.0100	get 0.0013% / 1h	25m 18s	$38.9M	$52.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now +0.058%Rate

Funding earned: $21.63
Price spread: +0.058% → +0.085%: −$2.66
Slippage, 4 orders: −$14.39
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$14.42
Costs to cover: 0.334%
Break-even: 11.7 days

Slippage from Binance: live order book, 3 min ago; Hyperliquid: live order book, 8 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 Binance live order book, 3 min ago	0.90 bp	9.0 bp −$9	24.4 bp −$244	76.3 bp −$7,635	doesn't fit
Sell Hyperliquid live order book, 8 min ago	1.13 bp	8.5 bp −$9	doesn't fit	doesn't fit	doesn't fit

ARB on 35 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	−0.1692%	1h	0.2203	−0.775%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0248%	1h	0.2220	−0.023%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0217%	1h	0.2219	−0.068%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0171%	8h	0.2211	−0.402%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0119%	8h	0.2219	−0.045%	$22.4M	$157.1M	50x	as long as short
MEXC ARB_USDT	−0.0117%	8h	0.2220	−0.014%	$39.6M	$60.1M	200x	as long as short
Gate ARB_USDT	−0.0085%	8h	0.2220	0.000%	$5.4M	$19.8M	60x	as long as short
Bybit ARBUSDT	−0.0071%	8h	0.2220	−0.032%	$56.8M	$128.9M	50x	as long as short
ApeX Omni ARBUSDT	−0.0069%	1h	0.2211	−0.414%	$119K	$293K	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0065%	1h	0.2220	−0.032%	$24K	$34K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0060%	8h	0.2218	−0.099%	$12K	$382K	10x	as long as short
Binance ARBUSDTlong	−0.0003%	8h	0.2220	long leg	$64.8M	$317.7M	75x
dYdX ARB-USD	0.0000%	1h	0.2219	−0.062%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2218	−0.099%	$353K	$2.5M	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2221	+0.047%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2220	−0.003%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2220	−0.032%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARBshort	+0.0100%	1h	0.2221	+0.058%	$38.9M	$52.0M	10x
Aster ARBUSDT	+0.0100%	8h	0.2219	−0.038%	$661K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2219	−0.033%	$42K	$186K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2221	+0.018%	$19.6M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2220	−0.009%	$21.2M	$36.4M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2219	−0.036%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2211	−0.396%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2212	−0.385%	$471K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2221	+0.027%	$76K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2220	−0.009%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2219	−0.063%	$298K	$998K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2218	−0.099%	$5.0M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2223	+0.126%	$508K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2221	+0.035%	$829K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2219	−0.035%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0311%	1h	0.2220	−0.005%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2222	+0.072%	$479K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0518%	1h	0.2218	−0.081%	$1.0M	$2.9M	20x	as long as short