Arcusvs
Hyperliquid
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 8 liquid markets shared by Arcus and Hyperliquid, the best funding setup over the past 7 days is $ENA (long Hyperliquid, short Arcus): it paid 22.3% APR, 15.3% after costs, and held 55% of the time.
8 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs β not by the instantaneous APR.
β7d avgβ is the funding spread the pair actually paid over the last 7 days. βAfter costsβ subtracts taker fees for opening and closing both legs over a 7-day hold. βHoldsβ is the share of hours the spread kept the same sign and at least 5% APR.
| Arcus | Hyperliquid | |
|---|---|---|
| Type | DEX | DEX |
| Taker fee | 0.0225%β | 0.045% |
| Maker fee | 0%β | 0.015% |
| Open Interest | $94.3M | $6.02Bβ |
| 24h Volume | $251.6M | $2.47Bβ |
| Avg Funding APR | 8.77% | 7.54% |
| Markets | 59 | 175β |
| Airdrop / token | Pre-TGE | Listed |
Arcus and Hyperliquid are both perpetual-futures venues tracked on ORBIT. On fees, Arcus is cheaper (0.0225% vs 0.045% taker). On liquidity, Hyperliquid is deeper with $6.02B open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely βone or the otherβ β you often use both, going long on whichever venue has the lower funding for a given asset and short on the other. Open the Funding Screener to see where Arcus and Hyperliquid diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between Arcus and Hyperliquid pays most?
- Across 8 liquid markets shared by Arcus and Hyperliquid, the best funding setup over the past 7 days is $ENA (long Hyperliquid, short Arcus): it paid 22.3% APR, 15.3% after costs, and held 55% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is Arcus or Hyperliquid cheaper?
- Arcus charges 0.0225% taker / 0% maker; Hyperliquid charges 0.045% taker / 0.015% maker. Arcus has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Arcus or Hyperliquid?
- Arcus has $94.3M open interest across 59 markets; Hyperliquid has $6.02B across 175. Hyperliquid is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Arcus and Hyperliquid?
- Yes β when an asset's funding diverges between the two, go long on the lower-funding venue and short on the higher one. Find live divergences on the ORBIT screener and backtest the exact pair before sizing it.