Funding you earn now, next payment 03:00 UTC+0.1677%/8h= +183.6% APRnext payment +$2.10 per $10,000 · paid last 24h +0.567%
Price spread now: Hyperliquid against Injective+0.467%7-day average +0.515% · you sell dearer than you buy
Net, funding: paid 7d − costs+$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1171.168% of the position
Funding, last 7 days+3.731%+$373 on $10k
+Price spread, last 4 days (all we have)−2.700%−$270 · spread now +0.467%, 7d avg +0.515%
=Together, before fees+1.031%+ Points / potential airdropHyperliquid: Season 2 · farm board+$103 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.048% cheaper against Injective than usual: you would sell low and buy high (spread +0.467% now, against its 7-day average of +0.515%). If the spread goes back, that is −$5 on $10k: about 2 hours of funding at the current rate (+$50 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ARB/USDC PERP | 0.2205 | −0.1577 | get 0.0197% / 1h | 40m 39s | $40K | $372K | 12x |
| Short | Hyperliquid ARB | 0.2215 | 0.0100 | get 0.0013% / 1h | 40m 39s | $38.4M | $49.9M | 10x |
Injective ARB/USDC PERP
Hyperliquid ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Injective. 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
- $352.13
- Price spread: +0.467% → +0.515%
- −$4.79
- Slippage, 4 orders
- −$107.81
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $230.5
- Costs to cover
- 1.168%
- Break-even
- 2.4 days
Slippage from Injective: live order book, 23 min ago; Hyperliquid: 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 Injective live order book, 23 min ago | 51.70 bp | 51.7 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 0.45 bp | 6.5 bp −$7 | doesn't fit | 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 PERPlong | −0.1577% | 1h | 0.2205 | long leg | $40K | $372K | 12x | |
| Deribit ARB_USDC-PERPETUAL | −0.0246% | 1h | 0.2215 | +0.467% | $24K | $34K | 25x | as long as short |
| Variational Omni ARB | −0.0150% | 8h | 0.2215 | +0.445% | $1.9M | $2.9M | — | as long as short |
| SoDEX ARB-USD | −0.0136% | 1h | 0.2215 | +0.431% | $10K | $2.4M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0133% | 8h | 0.2215 | +0.463% | $22.2M | $151.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0133% | 8h | 0.2215 | +0.454% | $38.3M | $59.1M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0128% | 1h | 0.2215 | +0.449% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0098% | 1h | 0.2216 | +0.511% | $1.1M | $4.6M | 50x | as long as short |
| Bybit ARBUSDT | −0.0088% | 8h | 0.2215 | +0.463% | $56.3M | $126.4M | 50x | as long as short |
| Gate ARB_USDT | −0.0085% | 8h | 0.2215 | +0.472% | $5.4M | $19.0M | 60x | as long as short |
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
Gate ARB_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ARB-USD | −0.0083% | 1h | 0.2215 | +0.467% | $96K | $2.1M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0072% | 8h | 0.2216 | +0.499% | $12K | $384K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2216 | +0.480% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0013% | 1h | 0.2217 | +0.544% | $11K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0005% | 8h | 0.2214 | +0.408% | $64.5M | $308.7M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2214 | +0.408% | $353K | $2.5M | 25x | as long as short |
| ApeX Omni ARBUSDT | +0.0022% | 1h | 0.2223 | +0.816% | $120K | $283K | 50x | as long as short |
| BloFin ARB-USDT | +0.0022% | 8h | 0.2214 | +0.399% | $3.1M | $2.7M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2216 | +0.517% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2214 | +0.408% | $1.2M | $6.4M | 15x | as long as short |
| Bitget ARBUSDT | +0.0098% | 8h | 0.2214 | +0.408% | $21.2M | $35.0M | 50x | as long as short |
| Hyperliquid ARBshort | +0.0100% | 1h | 0.2215 | +0.467% | $38.4M | $49.9M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2216 | +0.483% | $657K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2214 | +0.407% | $42K | $179K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2215 | +0.476% | $19.6M | $15.5M | 75x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2215 | +0.444% | — | $54.0M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2222 | +0.755% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2221 | +0.743% | $477K | $3.6M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2218 | +0.590% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2216 | +0.512% | $297K | $946K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2215 | +0.454% | $5.0M | $12.9M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2224 | +0.866% | $508K | $2.1M | 50x | as long as short |
| RISEx ARB/USDC | +0.0232% | 1h | 0.2216 | +0.510% | $488K | $2.7M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2217 | +0.546% | $827K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2215 | +0.437% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0554% | 1h | 0.2217 | +0.558% | $999K | $2.8M | 20x | as long as short |
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDC
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
ApeX Omni ARBUSDT
BloFin ARB-USDT
Aevo ARB-PERP
Lighter ARB
Bitget ARBUSDT
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP