Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.052%

Price spread now: Hyperliquid against SunX−0.009%52s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1621.624% of the position

Long on SunX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 4 days (all we have)−2.497%−$250 · spread now −0.009%, 7d avg +0.004%

Together, before fees−2.371%+ Points / potential airdropHyperliquid: Season 2 · farm board−$237 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ARB-USDT	0.2215	0.0100	pay 0.0100% / 8h	5h 38m	$2K	$1.1M	30x
Short	Hyperliquid ARB	0.2215	0.0100	get 0.0013% / 1h	38m 28s	$38.4M	$49.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against SunX. 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 SunXbpFee HyperliquidbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.004%: −$1.27
Slippage, 4 orders: −$145.44
Fee SunX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$163.72
Costs to cover: 1.624%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Hyperliquid: live order book, 5 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 SunX live order book, 5 min ago	31.48 bp	61.0 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	0.45 bp	6.5 bp −$7	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	−0.1577%	1h	0.2203	−0.542%	$40K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0175%	1h	0.2211	−0.194%	$10K	$2.4M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0157%	1h	0.2211	−0.199%	$24K	$34K	25x	as long as short
Variational Omni ARB	−0.0150%	8h	0.2215	−0.008%	$1.9M	$2.9M	—	as long as short
01 Exchange ARBUSD	−0.0144%	1h	0.2215	−0.018%	$7K	$2K	10x	as long as short
MEXC ARB_USDT	−0.0134%	8h	0.2214	−0.063%	$38.2M	$59.1M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0133%	8h	0.2213	−0.072%	$22.2M	$151.4M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2212	−0.150%	$1.1M	$4.6M	50x	as long as short
Polymarket Perps ARB-USD	−0.0092%	1h	0.2213	−0.072%	$96K	$2.1M	10x	as long as short
Bybit ARBUSDT	−0.0091%	8h	0.2213	−0.086%	$56.2M	$126.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0080%	8h	0.2214	−0.054%	$5.4M	$19.0M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0072%	8h	0.2213	−0.090%	$12K	$383K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2214	−0.036%	$66K	$5K	10x	as long as short
Binance ARBUSDT	+0.0004%	8h	0.2214	−0.055%	$64.5M	$308.6M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2215	−0.020%	$11K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2212	−0.118%	$352K	$2.5M	25x	as long as short
BloFin ARB-USDT	+0.0018%	8h	0.2211	−0.199%	$3.1M	$2.7M	75x	as long as short
ApeX Omni ARBUSDT	+0.0022%	1h	0.2223	+0.361%	$120K	$283K	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2214	−0.045%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2214	−0.050%	$1.2M	$6.4M	15x	as long as short
Bitget ARBUSDT	+0.0097%	8h	0.2213	−0.090%	$21.2M	$35.0M	50x	as long as short
Hyperliquid ARBshort	+0.0100%	1h	0.2215	−0.009%	$38.4M	$49.7M	10x
Aster ARBUSDT	+0.0100%	8h	0.2214	−0.057%	$649K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2215	−0.014%	$42K	$178K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2215	−0.009%	$19.5M	$15.5M	75x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2212	−0.126%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2215	−0.001%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2221	+0.289%	$477K	$3.6M	10x	as long as short
SunX ARB-USDTlong	+0.0100%	8h	0.2215	long leg	$2K	$1.1M	30x
HTX ARB-USDT	+0.0100%	8h	0.2212	−0.135%	$297K	$946K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2211	−0.181%	$4.9M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2224	+0.411%	$508K	$2.1M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2216	+0.056%	$491K	$2.7M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2215	−0.018%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2213	−0.102%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0534%	1h	0.2215	−0.023%	$997K	$2.8M	20x	as long as short