Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Binance+0.166%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$880.880% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.166%, 7d avg +0.051%

Together, before fees−0.173%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 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: Hyperliquid is 0.115% dearer against Binance than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AIXBTUSDT	0.02246	0.0100	pay 0.0050% / 4h	2h 13m	$2.4M	$2.9M	50x
Short	Hyperliquid AIXBT	0.02250	0.0100	get 0.0013% / 1h	13m 37s	$374K	$179K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee HyperliquidbpOrdersPrice spread, now +0.166%Rate

Funding earned: $0
Price spread: +0.166% → +0.051%: $11.52
Slippage, 4 orders: −$68.99
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$76.47
Costs to cover: 0.880%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Hyperliquid: live order book, 70 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 Binance live order book, 7 min ago	2.23 bp	24.2 bp −$24	129.6 bp −$1,296	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 70 min ago	2.44 bp	22.2 bp −$22	doesn't fit	doesn't fit	doesn't fit

AIXBT on 14 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
Kraken Futures PF_AIXBTUSD	−0.1927%	1h	0.02250	+0.186%	$20K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0023%	4h	0.02244	−0.083%	$99K	$11K	—	as long as short
Hyperliquid AIXBTshort	+0.0100%	1h	0.02250	+0.166%	$374K	$179K	3x
Binance AIXBTUSDTlong	+0.0100%	4h	0.02246	long leg	$2.4M	$2.9M	50x
Bybit AIXBTUSDT	+0.0100%	4h	0.02244	−0.110%	$1.2M	$959K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02242	−0.190%	$449K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02248	+0.077%	$193K	$79K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02246	−0.012%	$459K	$181K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02250	+0.166%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02248	+0.077%	$639K	$459K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02245	−0.057%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0118%	4h	0.02247	+0.032%	$118K	$63K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02249	+0.117%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02247	+0.049%	—	—	—	as long as short