Funding you earn now, next payment 06:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.072%
Price spread now: Binance against Hyperliquid−0.028%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 7 days−0.269%−$27 on $10k
+Price spread, last 7 days−0.007%−$1 · spread now −0.028%, 7d avg −0.085%
=Together, before fees−0.276%+ Points / potential airdropHyperliquid: Season 2 · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.058% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.028% now, against its 7-day average of −0.085%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 20 days. At the pace of the last 7 days (−0.269% in total) that is about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ARB | 0.2189 | 0.0100 | pay 0.0013% / 1h | 20m 59s | $36.6M | $48.7M | 10x |
| Short | Binance ARBUSDT | 0.2189 | 0.0090 | get 0.0090% / 8h | 2h 20m | $62.5M | $300.2M | 75x |
Hyperliquid ARB
Binance ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hyperliquid. 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
- −$2.05
- Price spread: −0.028% → −0.085%
- $5.77
- Slippage, 4 orders
- −$16.34
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$31.62
- Costs to cover
- 0.353%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Binance: live order book, 8 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 Hyperliquid live order book, 12 min ago | 0.23 bp | 10.0 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.69 bp | 8.3 bp −$8 | 19.4 bp −$194 | 69.0 bp −$6,896 | 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 | −0.1581% | 1h | 0.2176 | −0.603% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2188 | −0.041% | $7K | $236 | 10x | as long as short |
| Variational Omni ARB | −0.0098% | 8h | 0.2185 | −0.202% | $1.8M | $3.0M | — | as long as short |
| Polymarket Perps ARB-USD | −0.0094% | 1h | 0.2186 | −0.128% | $78K | $2.1M | 10x | as long as short |
| Bybit ARBUSDT | −0.0076% | 8h | 0.2188 | −0.073% | $54.7M | $124.1M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0074% | 1h | 0.2188 | −0.077% | $1.0M | $4.4M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0060% | 8h | 0.2191 | +0.069% | $21.6M | $143.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0060% | 8h | 0.2191 | +0.087% | $41.7M | $61.4M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0048% | 8h | 0.2186 | −0.146% | $12K | $409K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2188 | −0.073% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Polymarket Perps ARB-USD
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
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 | 0.2187 | −0.110% | $23K | $33K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2187 | −0.082% | $44K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0057% | 8h | 0.2189 | −0.009% | $20.9M | $34.3M | 50x | as long as short |
| Gate ARB_USDT | +0.0076% | 8h | 0.2188 | −0.073% | $5.4M | $18.2M | 60x | as long as short |
| BingX ARB-USDC | +0.0081% | 8h | 0.2188 | −0.073% | — | $6.5M | — | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2188 | −0.051% | $444K | $2.6M | 10x | as long as short |
| Extended ARB-USD | +0.0088% | 1h | 0.2190 | +0.020% | $347K | $2.8M | 25x | as long as short |
| Binance ARBUSDTshort | +0.0090% | 8h | 0.2189 | −0.028% | $62.5M | $300.2M | 75x | |
| Lighter ARB | +0.0096% | 1h | 0.2186 | −0.146% | $1.3M | $5.5M | 15x | as long as short |
| Hyperliquid ARBlong | +0.0100% | 1h | 0.2189 | long leg | $36.6M | $48.7M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2188 | −0.042% | $630K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2188 | −0.040% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2191 | +0.064% | $19.5M | $14.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2182 | −0.342% | $39K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2182 | −0.337% | $464K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2182 | −0.329% | $118K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2191 | +0.082% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2186 | −0.155% | $9K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2186 | −0.142% | $292K | $890K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2184 | −0.238% | $4.9M | $12.7M | 50x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2187 | −0.082% | $139K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0210% | 8h | 0.2185 | −0.174% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0159% | 1h | 0.2186 | −0.127% | $828K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2191 | +0.082% | $508K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2186 | −0.128% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0708% | 1h | 0.2189 | −0.009% | $981K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
Gate ARB_USDT
BingX ARB-USDC
RISEx ARB/USDC
Extended ARB-USD
Lighter ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP