ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.081%

Price spread now: gTrade (Gains Network) against Hyperliquid+0.206%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.206% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.206% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ARB	0.2198	0.0100	pay 0.0013% / 1h	53m 00s	$37.7M	$48.3M	10x
Short	gTrade (Gains Network) ARB/USD	0.2202	L +0.0005% / S −0.0006%	get 0.0001% / 1h	53m 00s	$32K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Hyperliquid. 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 HyperliquidbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.206%Rate

Funding earned: −$19.83
Price spread: +0.206% → 0.000%: $20.57
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$18.26
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 10 min ago; gTrade (Gains Network): no order-book sample. 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 Hyperliquid live order book, 10 min ago	0.45 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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.

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	−0.1589%	1h	0.2188	−0.450%	$39K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0246%	1h	0.2201	+0.150%	$81K	$2.1M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0115%	8h	0.2196	−0.077%	$22.2M	$143.8M	50x	as long as short
MEXC ARB_USDT	−0.0115%	8h	0.2198	−0.018%	$42.2M	$60.2M	200x	as long as short
Variational Omni ARB	−0.0097%	8h	0.2199	+0.048%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0073%	8h	0.2202	+0.187%	$12K	$405K	10x	as long as short
01 Exchange ARBUSD	−0.0064%	1h	0.2200	+0.082%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0050%	1h	0.2204	+0.264%	$1.1M	$4.4M	50x	as long as short
Bybit ARBUSDT	−0.0042%	8h	0.2196	−0.096%	$55.5M	$124.3M	50x	as long as short
Gate ARB_USDT	−0.0034%	8h	0.2197	−0.059%	$5.3M	$18.0M	60x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2200	+0.091%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2203	+0.255%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USDshort	L +0.0005% / S −0.0006%	1h	0.2202	+0.206%	$32K	—	150x
Binance ARBUSDT	+0.0022%	8h	0.2198	+0.026%	$63.8M	$300.2M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2195	−0.119%	$350K	$2.5M	25x	as long as short
Bitget ARBUSDT	+0.0060%	8h	0.2197	−0.041%	$20.9M	$34.1M	50x	as long as short
BingX ARB-USDC	+0.0061%	8h	0.2199	+0.068%	—	$6.5M	—	as long as short
SoDEX ARB-USD	+0.0077%	1h	0.2202	+0.200%	$10K	$2.2M	5x	as long as short
BloFin ARB-USDT	+0.0087%	8h	0.2197	−0.050%	$3.1M	$2.5M	75x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2203	+0.221%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2203	+0.232%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARBlong	+0.0100%	1h	0.2198	long leg	$37.7M	$48.3M	10x
Aster ARBUSDT	+0.0100%	8h	0.2201	+0.148%	$634K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2199	+0.056%	$42K	$163K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2198	+0.018%	$19.6M	$14.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2201	+0.126%	$38K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2201	+0.154%	$467K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2200	+0.096%	$119K	$284K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2204	+0.278%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2201	+0.127%	$299K	$890K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2200	+0.096%	$5.0M	$12.8M	50x	as long as short
RISEx ARB/USDC	+0.0118%	1h	0.2200	+0.098%	$481K	$2.6M	10x	as long as short
Coinbase International ARB-PERP-INTX	+0.0256%	1h	0.2204	+0.278%	$492K	$1.7M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2203	+0.224%	$831K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2201	+0.143%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0607%	1h	0.2202	+0.168%	$992K	$2.8M	20x	as long as short