Funding you earn now, next payment 23:00 UTC+0.0262%/8h= +28.6% APRpaid last 24h +0.068%
Price spread now: Hyperliquid against Variational Omni+0.407%7-day average +0.083% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.149%+$15 on $10k
+Price spread, last 7 days−0.339%−$34 · spread now +0.407%, 7d avg +0.083%
=Together, before fees−0.190%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$19 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 0.325% dearer against Variational Omni than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.083%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ARB | 0.2236 | −0.0162 | get 0.0162% / 8h | 1h 38m | $1.9M | $2.8M | — |
| Short | Hyperliquid ARB | 0.2245 | 0.0100 | get 0.0013% / 1h | 38m 16s | $40.1M | $50.9M | 10x |
Variational Omni ARB
Hyperliquid ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Variational Omni. 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
- $54.93
- Price spread: +0.407% → +0.083%
- $32.45
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $78.38
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Hyperliquid: live order book, 5 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 Variational Omni RFQ quote, 1 min ago | 6.71 bp | doesn't fit | 20.1 bp −$201 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.22 bp | 9.7 bp −$10 | 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 | −0.1770% | 1h | 0.2226 | −0.465% | $40K | $283K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2242 | +0.264% | $7K | $2K | 10x | as long as short |
| Variational Omni ARBlong | −0.0162% | 8h | 0.2236 | long leg | $1.9M | $2.8M | — | |
| Bybit ARBUSDT | −0.0138% | 8h | 0.2240 | +0.143% | $57.7M | $135.7M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0100% | 8h | 0.2241 | +0.197% | $22.4M | $163.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0099% | 8h | 0.2241 | +0.215% | $37.4M | $62.4M | 200x | as long as short |
| SoDEX ARB-USD | −0.0060% | 1h | 0.2241 | +0.197% | $4K | $2.8M | 5x | as long as short |
| Polymarket Perps ARB-USD | −0.0048% | 1h | 0.2242 | +0.264% | $76K | $2.2M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0027% | 8h | 0.2243 | +0.295% | $10K | $394K | 10x | as long as short |
| Binance ARBUSDT | −0.0009% | 8h | 0.2241 | +0.218% | $64.0M | $322.6M | 75x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDC
Binance ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0008% | 1h | 0.2240 | +0.184% | $356K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2241 | +0.210% | $66K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2244 | +0.340% | $26K | $32K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2244 | +0.349% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0029% | 8h | 0.2243 | +0.309% | $5.5M | $20.7M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2243 | +0.284% | $147K | $12K | 3x | as long as short |
| BingX ARB-USDT | +0.0081% | 8h | 0.2240 | +0.184% | — | $53.5M | — | as long as short |
| Bitget ARBUSDT | +0.0083% | 8h | 0.2240 | +0.161% | $21.0M | $38.0M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2243 | +0.277% | $1.1M | $5.2M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2241 | +0.228% | $1.3M | $7.4M | 15x | as long as short |
| Hyperliquid ARBshort | +0.0100% | 1h | 0.2245 | +0.407% | $40.1M | $50.9M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2242 | +0.268% | $697K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2242 | +0.237% | $45K | $197K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2242 | +0.242% | $20.6M | $16.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2235 | −0.069% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2235 | −0.041% | $481K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2235 | −0.062% | $121K | $294K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2244 | +0.340% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2242 | +0.269% | $277K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2241 | +0.206% | $5.2M | $13.5M | 50x | as long as short |
| BloFin ARB-USDT | +0.0109% | 8h | 0.2240 | +0.166% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2243 | +0.295% | $509K | $2.4M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0275% / S −0.0158% | 1h | 0.2244 | +0.351% | $842K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2241 | +0.228% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2244 | +0.355% | $495K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0639% | 1h | 0.2245 | +0.394% | $1.1M | $2.7M | 20x | as long as short |
Extended ARB-USD
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Kraken Futures PF_ARBUSD
Lighter ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP