Funding you earn now, next payment 22:00 UTC−0.0237%/8h= −26.0% APRnext payment −$0.30 per $10,000 · paid last 24h −0.109%
Price spread now: SoDEX against Hyperliquid−0.157%51s7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$300.302% of the position
Funding, last 3 days (all we have)−0.204%−$20 on $10k
+Price spread, last 3 days (all we have)+1.199%+$120 · spread now −0.157%, 7d avg −0.102%
=Together, before fees+0.995%+ Points / potential airdropHyperliquid: Season 2 · farm board+$100 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and SoDEX is 0.055% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.102%). Swap the legs. The two prices were read 51 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 | Hyperliquid ARB | 0.2228 | 0.0100 | pay 0.0013% / 1h | 6m 28s | $39.7M | $52.5M | 10x |
| Short | SoDEX ARB-USD | 0.2224 | −0.0137 | pay 0.0017% / 1h | 6m 28s | $4K | $2.9M | 5x |
Hyperliquid ARB
SoDEX ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$49.83
- Price spread: −0.157% → −0.102%
- −$5.48
- Slippage, 4 orders
- −$13.16
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$85.48
- Costs to cover
- 0.302%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; SoDEX: live order book, 3 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, 7 min ago | 0.67 bp | 5.2 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 3 min ago | 0.22 bp | 5.6 bp −$6 | 19.2 bp −$192 | 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 | −0.1675% | 1h | 0.2212 | −0.705% | $40K | $197K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0469% | 1h | 0.2225 | −0.112% | $38K | $20K | 25x | as long as short |
| 01 Exchange ARBUSD | −0.0280% | 1h | 0.2223 | −0.193% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0159% | 8h | 0.2225 | −0.108% | $1.9M | $2.8M | — | as long as short |
| SoDEX ARB-USDshort | −0.0137% | 1h | 0.2224 | −0.157% | $4K | $2.9M | 5x | |
| Bybit ARBUSDT | −0.0134% | 8h | 0.2226 | −0.081% | $56.2M | $135.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0110% | 8h | 0.2226 | −0.085% | $36.9M | $63.9M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0109% | 8h | 0.2226 | −0.063% | $22.2M | $163.8M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0066% | 1h | 0.2226 | −0.072% | $77K | $2.2M | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2226 | −0.059% | $1.1M | $5.3M | 50x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Polymarket Perps ARB-USD
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0024% | 1h | 0.2225 | −0.139% | $355K | $2.4M | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0022% | 8h | 0.2226 | −0.076% | $10K | $389K | 10x | as long as short |
| Binance ARBUSDT | −0.0021% | 8h | 0.2226 | −0.063% | $63.3M | $324.6M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2227 | −0.041% | $66K | $4K | 10x | as long as short |
| Gate ARB_USDT | +0.0002% | 8h | 0.2227 | −0.045% | $5.5M | $21.6M | 60x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2228 | −0.008% | $56K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2225 | −0.128% | $145K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2224 | −0.166% | $20.8M | $38.2M | 50x | as long as short |
| BingX ARB-USDC | +0.0089% | 8h | 0.2224 | −0.148% | — | $6.5M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2226 | −0.058% | $1.3M | $7.8M | 15x | as long as short |
| BloFin ARB-USDT | +0.0099% | 8h | 0.2224 | −0.157% | $3.0M | $3.3M | 75x | as long as short |
| Hyperliquid ARBlong | +0.0100% | 1h | 0.2228 | long leg | $39.7M | $52.5M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2228 | +0.009% | $691K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2227 | −0.044% | $45K | $200K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2226 | −0.067% | $20.5M | $16.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2231 | +0.139% | $36K | $459K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2231 | +0.149% | $483K | $4.1M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2230 | +0.103% | $121K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2226 | −0.076% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2228 | −0.004% | $274K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2226 | −0.076% | $5.2M | $13.7M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0153% / S −0.0018% | 1h | 0.2228 | −0.006% | $844K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2249 | +0.956% | $504K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2225 | −0.134% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2228 | −0.008% | $494K | $2.8M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0547% | 1h | 0.2228 | +0.009% | $1.1M | $2.7M | 20x | as long as short |
Extended ARB-USD
Orderly PERP_ARB_USDC
Binance ARBUSDT
dYdX ARB-USD
Gate ARB_USDT
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Bitget ARBUSDT
BingX ARB-USDC
Lighter ARB
BloFin ARB-USDT
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP