Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.062%
Price spread now: Phemex against Hyperliquid−0.152%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$420.420% of the position
Funding, last 7 days−0.242%−$24 on $10k
+Price spread, last 3 days (all we have)+0.981%+$98 · spread now −0.152%, 7d avg −0.079%
=Together, before fees+0.740%+ Points / potential airdropHyperliquid: Season 2 · farm board+$74 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.073% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.079%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ARB | 0.2237 | 0.0100 | pay 0.0013% / 1h | 31m 06s | $39.9M | $51.0M | 10x |
| Short | Phemex ARBUSDT | 0.2234 | 0.0100 | get 0.0100% / 8h | 1h 31m | $5.1M | $13.5M | 50x |
Hyperliquid ARB
Phemex ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.152% → −0.079%
- −$7.26
- Slippage, 4 orders
- −$20.99
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$49.26
- Costs to cover
- 0.420%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Phemex: live order book, 3 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 | 0.22 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.23 bp | 12.1 bp −$12 | 26.1 bp −$261 | 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 | 0.2221 | −0.733% | $40K | $283K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0287% | 1h | 0.2232 | −0.223% | $26K | $32K | 25x | as long as short |
| 01 Exchange ARBUSD | −0.0232% | 1h | 0.2230 | −0.353% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0163% | 8h | 0.2239 | +0.067% | $1.9M | $2.8M | — | as long as short |
| SoDEX ARB-USD | −0.0140% | 1h | 0.2232 | −0.232% | $4K | $2.8M | 5x | as long as short |
| Bybit ARBUSDT | −0.0138% | 8h | 0.2233 | −0.183% | $57.7M | $134.0M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0105% | 8h | 0.2233 | −0.192% | $22.3M | $161.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0104% | 8h | 0.2233 | −0.179% | $37.3M | $62.5M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0103% | 1h | 0.2231 | −0.268% | $71K | $2.1M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0031% | 8h | 0.2232 | −0.241% | $11K | $394K | 10x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
01 Exchange ARBUSD
Variational Omni ARB
SoDEX ARB-USD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0009% | 8h | 0.2234 | −0.144% | $63.8M | $319.7M | 75x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2231 | −0.280% | $356K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2238 | +0.005% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2235 | −0.122% | $55K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0031% | 8h | 0.2234 | −0.143% | $5.5M | $20.7M | 60x | as long as short |
| Bitget ARBUSDT | +0.0080% | 8h | 0.2233 | −0.197% | $20.9M | $37.6M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2235 | −0.128% | $146K | $12K | 3x | as long as short |
| BingX ARB-USDC | +0.0082% | 8h | 0.2233 | −0.210% | — | $6.5M | — | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2234 | −0.139% | $1.1M | $5.1M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2235 | −0.098% | $1.3M | $7.4M | 15x | as long as short |
| Hyperliquid ARBlong | +0.0100% | 1h | 0.2237 | long leg | $39.9M | $51.0M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2235 | −0.130% | $694K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2238 | +0.048% | $45K | $197K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2236 | −0.076% | $20.6M | $16.7M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2240 | +0.138% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2240 | +0.118% | $475K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2243 | +0.250% | $121K | $294K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2234 | −0.152% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2233 | −0.188% | $276K | $1.1M | 50x | as long as short |
| Phemex ARBUSDTshort | +0.0100% | 8h | 0.2234 | −0.152% | $5.1M | $13.5M | 50x | |
| BloFin ARB-USDT | +0.0111% | 8h | 0.2234 | −0.147% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2236 | −0.049% | $507K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0275% / S −0.0158% | 1h | 0.2234 | −0.137% | $838K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2231 | −0.284% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2232 | −0.246% | $492K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0622% | 1h | 0.2237 | −0.022% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Bitget ARBUSDT
Aevo ARB-PERP
BingX ARB-USDC
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
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP