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: Extended against Hyperliquid−0.253%7-day average −0.181% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as 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+0.135%+$13 · spread now −0.253%, 7d avg −0.181%
=Together, before fees−0.128%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$13 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 Extended is 0.072% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.181%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ARB | 0.2297 | 0.0100 | pay 0.0013% / 1h | 51m 21s | $41.6M | $47.8M | 10x |
| Short | Extended ARB-USD | 0.2291 | 0 | get 0.0000% / 1h | 51m 21s | $363K | $2.3M | 25x |
Hyperliquid ARB
Extended ARB-USDFunding 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 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: −0.253% → −0.181%
- −$7.23
- Slippage, 4 orders
- −$26.21
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$68.44
- Costs to cover
- 0.402%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Extended: live order book, 2 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 Hyperliquid live order book, 12 min ago | 1.11 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 8.81 bp | 11.3 bp −$11 | 68.6 bp −$686 | 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 | −1.559% | $41K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0179% | 8h | 0.2263 | −1.470% | $1.9M | $2.7M | — | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2293 | −0.179% | $7K | $2K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0175% | 1h | 0.2293 | −0.161% | $78K | $2.0M | 10x | as long as short |
| Bybit ARBUSDT | −0.0158% | 8h | 0.2295 | −0.083% | $59.4M | $129.5M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0102% | 8h | 0.2293 | −0.179% | $23.1M | $162.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0101% | 8h | 0.2294 | −0.104% | $38.2M | $59.2M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2295 | −0.078% | $13K | $398K | 10x | as long as short |
| SoDEX ARB-USD | −0.0030% | 1h | 0.2281 | −0.679% | $4K | $2.7M | 5x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2292 | −0.227% | $68K | $4K | 10x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
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-USDshort | 0.0000% | 1h | 0.2291 | −0.253% | $363K | $2.3M | 25x | |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2282 | −0.640% | $26K | $32K | 25x | as long as short |
| Binance ARBUSDT | +0.0004% | 8h | 0.2296 | −0.057% | $66.2M | $314.1M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2296 | −0.014% | $57K | — | 150x | as long as short |
| BloFin ARB-USDT | +0.0009% | 8h | 0.2287 | −0.440% | $3.1M | $2.7M | 75x | as long as short |
| Gate ARB_USDT | +0.0030% | 8h | 0.2295 | −0.091% | $5.5M | $20.0M | 60x | as long as short |
| BingX ARB-USDC | +0.0066% | 8h | 0.2294 | −0.139% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0067% | 8h | 0.2293 | −0.165% | $21.7M | $36.7M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2283 | −0.596% | $149K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2291 | −0.270% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARBlong | +0.0100% | 1h | 0.2297 | long leg | $41.6M | $47.8M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2294 | −0.135% | $714K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2290 | −0.295% | $47K | $193K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2294 | −0.122% | $20.2M | $16.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2269 | −1.208% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2270 | −1.167% | $493K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2284 | −0.557% | $123K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2285 | −0.514% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2282 | −0.636% | $292K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2282 | −0.644% | $5.3M | $13.3M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2280 | −0.731% | $512K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0234% | 1h | 0.2282 | −0.644% | $1.1M | $4.9M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2296 | −0.030% | $860K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2292 | −0.195% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2295 | −0.074% | $558K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0560% | 1h | 0.2285 | −0.527% | $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