Funding you earn now, next payment 22:00 UTC−0.0388%/8h= −42.5% APRnext payment −$0.48 per $10,000 · paid last 24h −0.161%
Price spread now: 01 Exchange against Hyperliquid−0.058%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and 01 Exchange is 0.058% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ARB | 0.2247 | 0.0100 | pay 0.0013% / 1h | 25m 05s | $40.2M | $53.2M | 10x |
| Short | 01 Exchange ARBUSD | 0.2246 | −0.0288 | pay 0.0036% / 1h | 25m 05s | $7K | $2K | 10x |
Hyperliquid ARB
01 Exchange ARBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$81.48
- Price spread: −0.058% → 0.000%
- −$5.79
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$103.27
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; 01 Exchange: 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, 8 min ago | 0.22 bp | 6.7 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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 | −0.1675% | 1h | 0.2239 | −0.360% | $40K | $197K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0329% | 1h | 0.2246 | −0.067% | $38K | $20K | 25x | as long as short |
| 01 Exchange ARBUSDshort | −0.0288% | 1h | 0.2246 | −0.058% | $7K | $2K | 10x | |
| Bybit ARBUSDT | −0.0173% | 8h | 0.2245 | −0.111% | $56.4M | $136.0M | 50x | as long as short |
| Variational Omni ARB | −0.0169% | 8h | 0.2250 | +0.130% | $1.9M | $2.8M | — | as long as short |
| SoDEX ARB-USD | −0.0097% | 1h | 0.2244 | −0.156% | $4K | $2.9M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0092% | 8h | 0.2243 | −0.174% | $22.4M | $165.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0090% | 8h | 0.2244 | −0.151% | $37.6M | $63.6M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2246 | −0.063% | $1.1M | $5.2M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0015% | 8h | 0.2245 | −0.093% | $11K | $388K | 10x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
Bybit ARBUSDT
Variational Omni ARB
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ARB-USD | −0.0012% | 1h | 0.2246 | −0.045% | $77K | $2.2M | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2249 | +0.081% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2247 | −0.018% | $56K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0005% | 8h | 0.2244 | −0.142% | $63.8M | $324.9M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2244 | −0.151% | $358K | $2.4M | 25x | as long as short |
| Gate ARB_USDT | +0.0015% | 8h | 0.2246 | −0.053% | $5.5M | $21.6M | 60x | as long as short |
| BloFin ARB-USDT | +0.0020% | 8h | 0.2244 | −0.156% | $3.0M | $3.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2246 | −0.050% | $147K | $12K | 3x | as long as short |
| BingX ARB-USDC | +0.0085% | 8h | 0.2245 | −0.093% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0086% | 8h | 0.2244 | −0.138% | $21.1M | $38.5M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2246 | −0.058% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARBlong | +0.0100% | 1h | 0.2247 | long leg | $40.2M | $53.2M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2246 | −0.040% | $698K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2249 | +0.105% | $47K | $200K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2246 | −0.027% | $20.8M | $17.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2250 | +0.119% | $40K | $454K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2250 | +0.130% | $485K | $4.1M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2251 | +0.174% | $122K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2245 | −0.093% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2245 | −0.098% | $276K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2245 | −0.093% | $5.3M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0154% / S −0.0018% | 1h | 0.2246 | −0.057% | $851K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2252 | +0.236% | $502K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2244 | −0.118% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2249 | +0.081% | $495K | $2.9M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0577% | 1h | 0.2248 | +0.045% | $1.1M | $2.7M | 20x | as long as short |
Polymarket Perps ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Gate ARB_USDT
BloFin ARB-USDT
Aevo ARB-PERP
BingX ARB-USDC
Bitget ARBUSDT
Lighter ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP