ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0190%/8h= +20.9% APRnext payment +$0.24 per $10,000 · paid last 24h −0.005%

Price spread now: Reya against Hyperliquid−0.199%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.199% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.199% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 3.5 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ARB	0.2244	0.0100	pay 0.0013% / 1h	19m 27s	$40.1M	$50.6M	10x
Short	Reya ARBRUSDPERP	0.2239	0.0290	get 0.0036% / 1h	19m 27s	$2K	$695	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Hyperliquid. 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 HyperliquidbpFee ReyabpOrdersPrice spread, now −0.199%Rate

Funding earned: $39.99
Price spread: −0.199% → 0.000%: −$19.88
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: $5.12
Costs to cover: 0.150%
Break-even: 6.1 days

Slippage unknown: Hyperliquid: live order book, 4 min ago; Reya: no order-book sample. Net counts fees only.

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, 4 min ago	0.89 bp	6.5 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1770%	1h	0.2230	−0.611%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2239	−0.201%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0196%	1h	0.2237	−0.308%	$4K	$2.8M	5x	as long as short
Variational Omni ARB	−0.0168%	8h	0.2238	−0.242%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDT	−0.0146%	8h	0.2240	−0.169%	$57.9M	$133.2M	50x	as long as short
Polymarket Perps ARB-USD	−0.0124%	1h	0.2240	−0.187%	$73K	$2.0M	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0107%	1h	0.2241	−0.107%	$26K	$32K	25x	as long as short
MEXC ARB_USDT	−0.0101%	8h	0.2240	−0.160%	$37.3M	$62.7M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0101%	8h	0.2240	−0.147%	$22.5M	$160.9M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0037%	8h	0.2240	−0.165%	$10K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0008%	8h	0.2240	−0.153%	$64.0M	$317.0M	75x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2238	−0.237%	$356K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2239	−0.190%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2242	−0.095%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0033%	8h	0.2240	−0.143%	$5.5M	$20.7M	60x	as long as short
Bitget ARBUSDT	+0.0068%	8h	0.2239	−0.209%	$21.0M	$37.2M	50x	as long as short
BingX ARB-USDC	+0.0073%	8h	0.2238	−0.245%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2242	−0.091%	$147K	$12K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2240	−0.184%	$1.1M	$5.1M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2240	−0.143%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARBlong	+0.0100%	1h	0.2244	long leg	$40.1M	$50.6M	10x
Aster ARBUSDT	+0.0100%	8h	0.2239	−0.187%	$696K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2239	−0.192%	$44K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2240	−0.143%	$20.6M	$16.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2239	−0.195%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2240	−0.164%	$486K	$3.9M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2240	−0.165%	$121K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2242	−0.076%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2238	−0.259%	$276K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2237	−0.299%	$5.2M	$13.4M	50x	as long as short
BloFin ARB-USDT	+0.0111%	8h	0.2241	−0.134%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2242	−0.076%	$506K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2242	−0.074%	$841K	—	150x	as long as short
Reya ARBRUSDPERPshort	+0.0290%	1h	0.2239	−0.199%	$2K	$695	20x
RISEx ARB/USDC	+0.0363%	1h	0.2241	−0.098%	$495K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0625%	1h	0.2240	−0.156%	$1.1M	$2.7M	20x	as long as short