Arbitrage
Find funding spreads between perps venues and trade both legs from one ticket. Open Arbitrage in the top nav.
The board
Each row is one asset on two venues: long where funding is cheap, short where it is rich.
- Pick a Size ($5k to $100k per leg). Net per day and capacity are quoted at that size.
- Rows rank by Net/day. Other columns include APR, funding and price spread, capacity, payback, basis, next funding, regime and a 7-day trend. Choose columns with Columns.
- Trade is ready when both legs are on venues you can trade. View means one leg can't be traded from Split.
- Open a row to see every route for that pair with a chart.
How to read a row: Reading the board.
Two-leg trade
| Execution | Maker–Taker (one leg rests as a limit, the other goes at market) or Market (both at market) |
| Size | Per leg. $25, $50, $100, Max, or the slider. |
| Leverage | Per leg |
| Shown before you trade | Carry per day, APR, entry cost, and result after cost over the first 24 hours |
Press Open pair. Pre-checks run first; if a venue isn't funded, nothing is placed.
If one leg fills and the other fails, the pair is one-sided. The app says so and offers Flatten on the filled leg or a retry. It does not unwind on its own.
Positions
Each pair shows funding earned and price P&L, and whether both sides are on. Close at market, or with resting reduce-only orders.
Venues
Both legs must be on venues you can trade: Hyperliquid (including HIP-3), Lighter, Lighter on Robinhood Chain and RISEx. See Venues.
Rates
More > Rates is a read-only funding dashboard: forecast accuracy, opportunities, depth and cost, where to hold, and hedging.