Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h +0.001%

Price spread now: Hyperliquid against BloFin−0.035%107s7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$810.811% of the position

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

Price spread, last 3 days (all we have)+0.137%+$14 · spread now −0.035%, 7d avg +0.029%

Together, before fees−0.001%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hyperliquid is 0.065% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.029%). Swap the legs. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AIXBT-USDT	0.02269	0.0119	pay 0.0060% / 4h	31m 27s	$119K	$64K	50x
Short	Hyperliquid AIXBT	0.02268	0.0100	get 0.0013% / 1h	31m 27s	$376K	$180K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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 BloFinbpFee HyperliquidbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$4.01
Price spread: −0.035% → +0.029%: −$6.46
Slippage, 4 orders: −$60.14
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$91.6
Costs to cover: 0.811%
Break-even: never at this rate

Slippage from BloFin: live order book, 29 min ago; Hyperliquid: live order book, 28 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 BloFin live order book, 29 min ago	4.43 bp	16.9 bp −$17	46.6 bp −$466	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 28 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	−0.1245%	1h	0.02266	−0.114%	$18K	$7K	10x	as long as short
Variational Omni AIXBT	+0.0093%	4h	0.02260	−0.408%	$99K	$11K	—	as long as short
Hyperliquid AIXBTshort	+0.0100%	1h	0.02268	−0.035%	$376K	$180K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02265	−0.176%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02264	−0.220%	$1.2M	$975K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02267	−0.088%	$461K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02268	−0.044%	$194K	$80K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02268	−0.044%	$458K	$185K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02266	−0.132%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02269	0.000%	$644K	$455K	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	0.02266	−0.132%	—	$6.6M	—	as long as short
BloFin AIXBT-USDTlong	+0.0119%	4h	0.02269	long leg	$119K	$64K	50x
GMX AIXBT/USD [ETH-USDC]	L +0.0270% / S −0.0489%	1h	0.02269	+0.004%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02265	−0.155%	—	—	—	as long as short