Funding you earn now, next payment 02:00 UTC+0.0261%/8h= +28.5% APRnext payment +$0.33 per $10,000 · paid last 24h +0.105%
Price spread now: Hyperliquid against SoDEX+0.140%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Funding, last 3 days (all we have)+0.217%+$22 on $10k
+Price spread, last 3 days (all we have)−0.634%−$63 · spread now +0.140%, 7d avg +0.096%
=Together, before fees−0.418%+ Points / potential airdropHyperliquid: Season 2 · farm board−$42 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.043% dearer against SoDEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.096%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX ARB-USD | 0.2215 | −0.0161 | get 0.0020% / 1h | 46m 56s | $10K | $2.5M | 5x |
| Short | Hyperliquid ARB | 0.2218 | 0.0100 | get 0.0013% / 1h | 46m 56s | $38.3M | $50.4M | 10x |
SoDEX ARB-USD
Hyperliquid ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against SoDEX. 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
- $54.71
- Price spread: +0.140% → +0.096%
- $4.35
- Slippage, 4 orders
- −$8.28
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $33.78
- Costs to cover
- 0.253%
- Break-even
- 2.7 days
Slippage from SoDEX: live order book, 2 min ago; Hyperliquid: live order book, 7 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 SoDEX live order book, 2 min ago | 0.23 bp | 5.6 bp −$6 | 21.1 bp −$211 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.23 bp | 7.9 bp −$8 | 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 | −0.1692% | 1h | 0.2205 | −0.447% | $40K | $372K | 12x | as long as short |
| ApeX Omni ARBUSDT | −0.0556% | 1h | 0.2214 | −0.041% | $119K | $296K | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2218 | +0.126% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0189% | 8h | 0.2213 | −0.072% | $1.9M | $2.9M | — | as long as short |
| SoDEX ARB-USDlong | −0.0161% | 1h | 0.2215 | long leg | $10K | $2.5M | 5x | |
| OKX ARB-USDT-SWAP | −0.0103% | 8h | 0.2215 | +0.009% | $22.4M | $157.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0103% | 8h | 0.2216 | +0.032% | $37.2M | $59.0M | 200x | as long as short |
| Bybit ARBUSDT | −0.0062% | 8h | 0.2215 | +0.014% | $57.1M | $129.2M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0055% | 8h | 0.2217 | +0.095% | $12K | $385K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2217 | +0.095% | $66K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
ApeX Omni ARBUSDT
01 Exchange ARBUSD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Bybit ARBUSDT
Orderly PERP_ARB_USDC
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2215 | +0.009% | $24K | $34K | 25x | as long as short |
| Binance ARBUSDT | +0.0004% | 8h | 0.2217 | +0.072% | $64.8M | $318.4M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2218 | +0.151% | $31K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2214 | −0.030% | $352K | $2.5M | 25x | as long as short |
| Gate ARB_USDT | +0.0027% | 8h | 0.2217 | +0.072% | $5.4M | $19.7M | 60x | as long as short |
| BloFin ARB-USDT | +0.0029% | 8h | 0.2212 | −0.154% | $3.1M | $2.9M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2215 | +0.025% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2215 | +0.009% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARBshort | +0.0100% | 1h | 0.2218 | +0.140% | $38.3M | $50.4M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2217 | +0.077% | $660K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2218 | +0.129% | $42K | $189K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2216 | +0.036% | $19.6M | $15.9M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2215 | +0.005% | $21.1M | $36.3M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2214 | −0.036% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2212 | −0.120% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2213 | −0.090% | $474K | $3.6M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2217 | +0.099% | $76K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2218 | +0.140% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2217 | +0.095% | $296K | $1.0M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2216 | +0.050% | $5.1M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2218 | +0.135% | $507K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0281% / S −0.0165% | 1h | 0.2218 | +0.141% | $853K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2215 | +0.014% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0312% | 1h | 0.2216 | +0.044% | $1.1M | $4.8M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2219 | +0.199% | $500K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0484% | 1h | 0.2219 | +0.199% | $1.0M | $2.9M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Gate ARB_USDT
BloFin ARB-USDT
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