Funding you earn now, next payment 02:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h +0.100%
Price spread now: Hyperliquid against Orderly+0.018%7-day average +0.084% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.421%+$42 on $10k
+Price spread, last 3 days (all we have)−0.549%−$55 · spread now +0.018%, 7d avg +0.084%
=Together, before fees−0.129%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.066% cheaper against Orderly than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.084%). If the spread goes back, that is −$7 on $10k: about 33 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ARB_USDC | 0.2215 | −0.0061 | get 0.0061% / 8h | 6h 24m | $12K | $382K | 10x |
| Short | Hyperliquid ARB | 0.2215 | 0.0100 | get 0.0013% / 1h | 24m 15s | $38.8M | $51.7M | 10x |
Orderly PERP_ARB_USDC
Hyperliquid ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Orderly. 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
- $33.74
- Price spread: +0.018% → +0.084%
- −$6.56
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $12.18
- Costs to cover
- 0.150%
- Break-even
- 4.5 days
Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 9 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 9 min ago | 1.13 bp | 8.5 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 35 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 | −0.1692% | 1h | 0.2203 | −0.542% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0240% | 1h | 0.2215 | −0.009% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0227% | 1h | 0.2215 | +0.005% | $10K | $2.5M | 5x | as long as short |
| Variational Omni ARB | −0.0171% | 8h | 0.2211 | −0.168% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0122% | 8h | 0.2217 | +0.081% | $22.3M | $156.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0119% | 8h | 0.2216 | +0.063% | $39.5M | $60.1M | 200x | as long as short |
| Gate ARB_USDT | −0.0086% | 8h | 0.2215 | +0.009% | $5.4M | $19.9M | 60x | as long as short |
| ApeX Omni ARBUSDT | −0.0069% | 1h | 0.2211 | −0.181% | $119K | $293K | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0066% | 1h | 0.2216 | +0.032% | $24K | $34K | 25x | as long as short |
| Bybit ARBUSDT | −0.0064% | 8h | 0.2217 | +0.077% | $56.7M | $129.0M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Gate ARB_USDT
ApeX Omni ARBUSDT
Deribit ARB_USDC-PERPETUAL
Bybit ARBUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDClong | −0.0061% | 8h | 0.2215 | long leg | $12K | $382K | 10x | |
| Binance ARBUSDT | −0.0002% | 8h | 0.2216 | +0.059% | $64.7M | $317.7M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2220 | +0.209% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2214 | −0.031% | $353K | $2.5M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2216 | +0.065% | $10K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2216 | +0.051% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2216 | +0.045% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARBshort | +0.0100% | 1h | 0.2215 | +0.018% | $38.8M | $51.7M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2216 | +0.041% | $660K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2219 | +0.159% | $42K | $186K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2216 | +0.045% | $19.6M | $15.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2217 | +0.090% | $21.2M | $36.4M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2216 | +0.059% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2211 | −0.162% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2212 | −0.151% | $471K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2215 | 0.000% | $76K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2219 | +0.181% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2216 | +0.054% | $297K | $997K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2215 | 0.000% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2223 | +0.361% | $508K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2216 | +0.067% | $827K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2214 | −0.041% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0312% | 1h | 0.2216 | +0.066% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2217 | +0.075% | $478K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0527% | 1h | 0.2221 | +0.284% | $1.0M | $2.9M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Lighter ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP