Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Hyperliquid against Bitget−0.049%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$920.921% of the position

Long on Bitget Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.049%, 7d avg −0.024%

Together, before fees+0.114%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 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 0.025% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AIXBTUSDT	0.02261	0.0100	pay 0.0050% / 4h	16m 00s	$637K	$460K	20x
Short	Hyperliquid AIXBT	0.02260	0.0100	get 0.0013% / 1h	16m 00s	$375K	$181K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee HyperliquidbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.024%: −$2.45
Slippage, 4 orders: −$71.06
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$94.52
Costs to cover: 0.921%
Break-even: never at this rate

Slippage from Bitget: live order book, 59 min ago; Hyperliquid: live order book, 44 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 Bitget live order book, 59 min ago	2.22 bp	19.0 bp −$19	132.9 bp −$1,329	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 44 min ago	1.55 bp	22.7 bp −$23	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	−0.1252%	1h	0.02253	−0.344%	$18K	$7K	10x	as long as short
BloFin AIXBT-USDT	+0.0061%	4h	0.02261	0.000%	$119K	$64K	50x	as long as short
Hyperliquid AIXBTshort	+0.0100%	1h	0.02260	−0.049%	$375K	$181K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02259	−0.106%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02255	−0.265%	$1.2M	$979K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02257	−0.177%	$459K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02258	−0.133%	$204K	$94K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02258	−0.133%	$456K	$187K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02257	−0.177%	$1.1M	$1.4M	30x	as long as short
Bitget AIXBTUSDTlong	+0.0100%	4h	0.02261	long leg	$637K	$460K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02258	−0.133%	—	$6.6M	—	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02254	−0.324%	$99K	$11K	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02256	−0.212%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02257	−0.169%	—	—	—	as long as short