Funding you earn now, next payment 04:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h +0.081%
Price spread now: Hyperliquid against Bybit+0.114%7-day average +0.119% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days+0.258%+$26 on $10k
+Price spread, last 7 days−0.055%−$5 · spread now +0.114%, 7d avg +0.119%
=Together, before fees+0.203%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.119%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ARBUSDT | 0.2199 | −0.0046 | get 0.0046% / 8h | 4h 47m | $55.7M | $125.9M | 50x |
| Short | Hyperliquid ARB | 0.2202 | 0.0100 | get 0.0013% / 1h | 47m 00s | $38.0M | $48.7M | 10x |
Bybit ARBUSDT
Hyperliquid ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- $30.6
- Price spread: +0.114% → +0.119%
- −$0.52
- Slippage, 4 orders
- −$20.94
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$10.86
- Costs to cover
- 0.409%
- Break-even
- 9.5 days
Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 6 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 Bybit live order book, 2 min ago | 0.23 bp | 10.2 bp −$10 | 20.1 bp −$201 | 47.7 bp −$4,767 | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 1.13 bp | 7.6 bp −$8 | 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 | −0.1649% | 1h | 0.2188 | −0.518% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0144% | 1h | 0.2202 | +0.114% | $7K | $2K | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0135% | 8h | 0.2199 | −0.005% | $22.2M | $147.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0134% | 8h | 0.2200 | +0.041% | $40.7M | $59.6M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0121% | 1h | 0.2201 | +0.077% | $90K | $2.2M | 10x | as long as short |
| Variational Omni ARB | −0.0117% | 8h | 0.2192 | −0.320% | $1.8M | $2.9M | — | as long as short |
| Gate ARB_USDT | −0.0102% | 8h | 0.2201 | +0.064% | $5.3M | $18.7M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0078% | 8h | 0.2199 | −0.018% | $13K | $388K | 10x | as long as short |
| Bybit ARBUSDTlong | −0.0046% | 8h | 0.2199 | long leg | $55.7M | $125.9M | 50x | |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2200 | +0.014% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Variational Omni ARB
Gate ARB_USDT
Orderly PERP_ARB_USDC
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2200 | +0.010% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2199 | −0.005% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2200 | +0.014% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2197 | −0.109% | $349K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0010% | 8h | 0.2201 | +0.052% | $64.2M | $306.7M | 75x | as long as short |
| BloFin ARB-USDT | +0.0038% | 8h | 0.2200 | +0.005% | $3.1M | $2.6M | 75x | as long as short |
| SoDEX ARB-USD | +0.0041% | 1h | 0.2198 | −0.041% | $10K | $2.3M | 5x | as long as short |
| Bitget ARBUSDT | +0.0065% | 8h | 0.2200 | +0.027% | $20.9M | $34.6M | 50x | as long as short |
| BingX ARB-USDC | +0.0068% | 8h | 0.2197 | −0.105% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2200 | +0.011% | $140K | $7K | 3x | as long as short |
| Phemex ARBUSDT | +0.0095% | 8h | 0.2199 | −0.018% | $4.9M | $12.9M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2199 | −0.014% | $1.2M | $5.7M | 15x | as long as short |
| Hyperliquid ARBshort | +0.0100% | 1h | 0.2202 | +0.114% | $38.0M | $48.7M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2199 | +0.004% | $634K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2200 | +0.025% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2201 | +0.068% | $19.5M | $15.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2193 | −0.278% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2194 | −0.246% | $468K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2193 | −0.291% | $118K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2203 | +0.164% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2200 | +0.027% | $299K | $952K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2203 | +0.164% | $493K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2203 | +0.169% | $477K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2200 | +0.025% | $821K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2199 | −0.016% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0619% | 1h | 0.2204 | +0.196% | $996K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
SoDEX ARB-USD
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Phemex ARBUSDT
Lighter ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP