Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.074%

Price spread now: Gate against Hyperliquid−0.175%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$560.559% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.295%−$29 on $10k

Price spread, last 7 days+0.163%+$16 · spread now −0.175%, 7d avg −0.098%

Together, before fees−0.132%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.077% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.098%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ARB	0.2281	0.0100	pay 0.0013% / 1h	28m 38s	$41.5M	$47.4M	10x
Short	Gate ARB_USDT	0.2277	0.0005	get 0.0005% / 8h	28m 38s	$5.5M	$20.2M	60x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.175%Rate

Funding earned: −$19.95
Price spread: −0.175% → −0.098%: −$7.72
Slippage, 4 orders: −$31.86
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$83.53
Costs to cover: 0.559%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; Gate: 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 Hyperliquid live order book, 5 min ago	0.66 bp	9.4 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.98 bp	19.9 bp −$20	33.6 bp −$336	107.5 bp −$10.8K	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	−0.1785%	1h	0.2265	−0.701%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0265%	1h	0.2278	−0.110%	$75K	$2.0M	10x	as long as short
Variational Omni ARB	−0.0184%	8h	0.2276	−0.220%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2278	−0.140%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0162%	8h	0.2278	−0.149%	$58.6M	$128.2M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0107%	8h	0.2277	−0.171%	$23.0M	$160.4M	50x	as long as short
MEXC ARB_USDT	−0.0107%	8h	0.2278	−0.145%	$38.3M	$59.7M	200x	as long as short
SoDEX ARB-USD	−0.0059%	1h	0.2278	−0.127%	$4K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2278	−0.132%	$13K	$395K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2279	−0.078%	$67K	$4K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2279	−0.096%	$26K	$32K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2279	−0.081%	$55K	—	150x	as long as short
Gate ARB_USDTshort	+0.0005%	8h	0.2277	−0.175%	$5.5M	$20.2M	60x
Binance ARBUSDT	+0.0015%	8h	0.2278	−0.148%	$66.8M	$312.7M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2276	−0.200%	$363K	$2.3M	25x	as long as short
BloFin ARB-USDT	+0.0054%	8h	0.2277	−0.158%	$3.2M	$2.8M	75x	as long as short
Bitget ARBUSDT	+0.0065%	8h	0.2277	−0.175%	$21.5M	$35.9M	50x	as long as short
BingX ARB-USDT	+0.0067%	8h	0.2278	−0.149%	—	$53.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2280	−0.055%	$149K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2279	−0.096%	$1.4M	$7.4M	15x	as long as short
Hyperliquid ARBlong	+0.0100%	1h	0.2281	long leg	$41.5M	$47.4M	10x
Aster ARBUSDT	+0.0100%	8h	0.2279	−0.083%	$710K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2280	−0.065%	$48K	$184K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2278	−0.123%	$19.8M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2278	−0.124%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2277	−0.170%	$487K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2278	−0.132%	$123K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2283	+0.088%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2278	−0.127%	$291K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2279	−0.088%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2281	0.000%	$513K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0235%	1h	0.2279	−0.080%	$1.2M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2278	−0.126%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0296% / S −0.0186%	1h	0.2279	−0.105%	$932K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2280	−0.028%	$504K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0494%	1h	0.2280	−0.031%	$927K	$2.8M	20x	as long as short