Funding you earn now, next payment 23:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.14 per $10,000 · paid last 24h −0.019%
Price spread now: Hyperliquid against Coinbase International−0.306%49s7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$710.715% of the position
Funding, last 7 days−0.110%−$11 on $10k
+Price spread, last 3 days (all we have)−0.627%−$63 · spread now −0.306%, 7d avg −0.067%
=Together, before fees−0.737%+ Points / potential airdropHyperliquid: Season 2 · farm board−$74 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hyperliquid is 0.239% cheaper against Coinbase International than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.067%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ARB-PERP-INTX | 0.2291 | 0.0216 | pay 0.0027% / 1h | 52m 26s | $515K | $2.3M | 50x |
| Short | Hyperliquid ARB | 0.2284 | 0.0100 | get 0.0013% / 1h | 52m 26s | $41.4M | $47.8M | 10x |
Coinbase International ARB-PERP-INTX
Hyperliquid ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. 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
- −$24.36
- Price spread: −0.306% → −0.067%
- −$23.87
- Slippage, 4 orders
- −$52.47
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$119.7
- Costs to cover
- 0.715%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; Hyperliquid: live order book, 11 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 Coinbase International live order book, 1 min ago | 6.57 bp | 26.9 bp −$27 | 63.7 bp −$637 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 1.11 bp | 9.7 bp −$10 | 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 | −0.1785% | 1h | 0.2261 | −1.309% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0209% | 1h | 0.2280 | −0.498% | $78K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0179% | 8h | 0.2263 | −1.220% | $1.9M | $2.7M | — | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2282 | −0.410% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0161% | 8h | 0.2281 | −0.454% | $59.1M | $129.2M | 50x | as long as short |
| MEXC ARB_USDT | −0.0102% | 8h | 0.2280 | −0.467% | $37.8M | $59.2M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0101% | 8h | 0.2281 | −0.445% | $23.0M | $161.1M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2281 | −0.436% | $13K | $398K | 10x | as long as short |
| SoDEX ARB-USD | −0.0030% | 1h | 0.2281 | −0.428% | $4K | $2.7M | 5x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2282 | −0.397% | $67K | $4K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
Bybit ARBUSDT
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDC
SoDEX ARB-USD
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | 0.0000% | 1h | 0.2281 | −0.458% | $363K | $2.3M | 25x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2282 | −0.388% | $26K | $32K | 25x | as long as short |
| Binance ARBUSDT | +0.0004% | 8h | 0.2282 | −0.405% | $65.8M | $313.6M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2282 | −0.411% | $57K | — | 150x | as long as short |
| BloFin ARB-USDT | +0.0009% | 8h | 0.2287 | −0.188% | $3.1M | $2.7M | 75x | as long as short |
| Gate ARB_USDT | +0.0030% | 8h | 0.2281 | −0.458% | $5.5M | $20.0M | 60x | as long as short |
| Bitget ARBUSDT | +0.0067% | 8h | 0.2280 | −0.480% | $21.6M | $36.7M | 50x | as long as short |
| BingX ARB-USDT | +0.0067% | 8h | 0.2280 | −0.463% | — | $53.3M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2283 | −0.345% | $149K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2284 | −0.314% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARBshort | +0.0100% | 1h | 0.2284 | −0.306% | $41.4M | $47.8M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2282 | −0.389% | $710K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2283 | −0.349% | $47K | $193K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2282 | −0.397% | $20.1M | $16.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2269 | −0.958% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2270 | −0.917% | $493K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2265 | −1.135% | $122K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2285 | −0.262% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2286 | −0.201% | $286K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2287 | −0.175% | $5.3M | $13.3M | 50x | as long as short |
| Coinbase International ARB-PERP-INTXlong | +0.0216% | 1h | 0.2291 | long leg | $515K | $2.3M | 50x | |
| Kraken Futures PF_ARBUSD | +0.0234% | 1h | 0.2282 | −0.393% | $1.1M | $4.9M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2281 | −0.435% | $855K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2280 | −0.473% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2283 | −0.340% | $556K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0563% | 1h | 0.2291 | −0.017% | $901K | $2.8M | 20x | as long as short |
Extended ARB-USD
Deribit ARB_USDC-PERPETUAL
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
BloFin ARB-USDT
Gate ARB_USDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Lighter ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP