Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.078%
Price spread now: Hyperliquid against Extended+0.490%7-day average +0.181% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$400.402% of the position
Funding, last 7 days+0.263%+$26 on $10k
+Price spread, last 7 days−0.371%−$37 · spread now +0.490%, 7d avg +0.181%
=Together, before fees−0.109%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.309% dearer against Extended than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.181%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ARB-USD | 0.2281 | 0 | get 0.0000% / 1h | 51m 45s | $363K | $2.3M | 25x |
| Short | Hyperliquid ARB | 0.2292 | 0.0100 | get 0.0013% / 1h | 51m 45s | $41.5M | $47.8M | 10x |
Extended ARB-USD
Hyperliquid ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- $21
- Price spread: +0.490% → +0.181%
- $30.85
- Slippage, 4 orders
- −$26.21
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $11.64
- Costs to cover
- 0.402%
- Break-even
- 3.1 days
Slippage from Extended: live order book, 2 min ago; Hyperliquid: live order book, 12 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 Extended live order book, 2 min ago | 8.81 bp | 11.3 bp −$11 | 68.4 bp −$684 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 12 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 | −0.874% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0209% | 1h | 0.2280 | −0.058% | $78K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0179% | 8h | 0.2263 | −0.784% | $1.9M | $2.7M | — | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2282 | +0.029% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0161% | 8h | 0.2281 | +0.021% | $59.1M | $129.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0102% | 8h | 0.2281 | +0.007% | $37.8M | $59.2M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0101% | 8h | 0.2282 | +0.034% | $23.0M | $161.2M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2281 | +0.003% | $13K | $398K | 10x | as long as short |
| SoDEX ARB-USD | −0.0030% | 1h | 0.2281 | +0.012% | $4K | $2.7M | 5x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2282 | +0.043% | $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-USDlong | 0.0000% | 1h | 0.2281 | long leg | $363K | $2.3M | 25x | |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2282 | +0.051% | $26K | $32K | 25x | as long as short |
| Binance ARBUSDT | +0.0004% | 8h | 0.2282 | +0.047% | $65.8M | $314.0M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2282 | +0.028% | $57K | — | 150x | as long as short |
| BloFin ARB-USDT | +0.0009% | 8h | 0.2287 | +0.253% | $3.1M | $2.7M | 75x | as long as short |
| Gate ARB_USDT | +0.0030% | 8h | 0.2282 | +0.034% | $5.5M | $20.0M | 60x | as long as short |
| BingX ARB-USDC | +0.0066% | 8h | 0.2281 | +0.025% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0067% | 8h | 0.2288 | +0.310% | $21.7M | $36.8M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2283 | +0.095% | $149K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2291 | +0.424% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARBshort | +0.0100% | 1h | 0.2292 | +0.490% | $41.5M | $47.8M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2284 | +0.129% | $711K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2283 | +0.091% | $47K | $193K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2283 | +0.069% | $20.1M | $16.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2269 | −0.521% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2270 | −0.479% | $493K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2265 | −0.698% | $122K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2285 | +0.178% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2282 | +0.056% | $292K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2282 | +0.047% | $5.3M | $13.3M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2280 | −0.041% | $512K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0234% | 1h | 0.2282 | +0.047% | $1.1M | $4.9M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2281 | +0.004% | $855K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2280 | −0.034% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2283 | +0.099% | $556K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0560% | 1h | 0.2285 | +0.165% | $899K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
BloFin ARB-USDT
Gate ARB_USDT
BingX ARB-USDC
Bitget ARBUSDT
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
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP