Spread before costs (cost unknown: a leg has no order-book sample)−0.776%
7d average—if it closes, per $10,000$78funding while held, a day+$2.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective AR/USDC PERP | 4.7300 | 0.0033 | pay 0.0004% / 1h | 59m 53s | $3K | $2K | 5.5x |
| Short | Hyperliquid AR | 4.6933 | 0.0100 | get 0.0013% / 1h | 59m 53s | $4.5M | $7.0M | 5x |
Injective AR/USDC PERP
Hyperliquid ARPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$77.59
- Funding while held
- $2
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$84.61
- Spread needed to break even
- 0.090%
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0067%
- Per $10,000 a day
- +$2.00
- Average in range /8h
- —
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 Injective no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 4 min ago | 5.31 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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.
AR price on every exchange
against the cheapest. Click to use as the short leg.OKX4.6790cheapestBybit4.6811+0.045%BingX4.6830+0.085%Kraken Futures4.6830+0.086%Extended4.6834+0.094%Binance4.6840+0.107%Gate4.6840+0.107%KuCoin4.6840+0.107%MEXC4.6850+0.128%Bitget4.6850+0.128%GMX4.6858+0.145%Aster4.6876+0.184%Variational Omni4.6877+0.186%
OKX
Bybit
BingX
Kraken Futures
Extended
Binance
Gate
KuCoin
MEXC
Bitget
GMX
Aster
Variational OmniHyperliquid4.6933+0.306%
BloFin4.6940+0.321%ApeX Omni4.6970+0.385%
BloFin
ApeX OmniInjective4.7300+1.090%
AR on 17 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX AR-USDT-SWAP | −1.078% | −0.0124% | 8h | $2.4M | $39.8M | 20x | as long as short |
| Bybit ARUSDT | −1.034% | +0.0100% | 8h | $4.8M | $13.7M | 75x | as long as short |
| BingX AR-USDT | −0.994% | +0.0100% | 8h | — | $2.9M | — | as long as short |
| Kraken Futures PF_ARUSD | −0.993% | −0.1628% | 1h | $59K | $279K | 20x | as long as short |
| Extended AR-USD | −0.985% | +0.0032% | 1h | $38K | $237K | 10x | as long as short |
| Binance ARUSDT | −0.973% | +0.0030% | 8h | $9.7M | $95.4M | 75x | as long as short |
| Gate AR_USDT | −0.973% | +0.0100% | 8h | $2.7M | $5.6M | 50x | as long as short |
| KuCoin ARUSDTM | −0.973% | +0.0100% | 8h | $1.2M | $2.1M | 50x | as long as short |
| MEXC AR_USDT | −0.951% | +0.0027% | 8h | $6.3M | $7.8M | 100x | as long as short |
| Bitget ARUSDT | −0.951% | +0.0100% | 8h | $4.1M | $11.6M | 75x | as long as short |
Show all 17 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX AR/USD [WBTC.b-USDC] | −0.935% | L −0.0145% / S +0.0551% | 1h | $593K | — | 50x | as long as short |
| Aster ARUSDT | −0.896% | −0.0088% | 8h | $35K | $1.2M | 10x | as long as short |
| Variational Omni AR | −0.894% | +0.0013% | 8h | $137K | $195K | — | as long as short |
| Hyperliquid ARshort | −0.776% | +0.0100% | 1h | $4.5M | $7.0M | 5x | |
| BloFin AR-USDT | −0.761% | +0.0039% | 8h | $467K | $1.1M | 20x | as long as short |
| ApeX Omni ARUSDT | −0.698% | +0.0100% | 1h | $39K | $742K | 50x | as long as short |
| Injective AR/USDC PERPlong | 0.000% | +0.0033% | 1h | $3K | $2K | 5.5x |