Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8hpaid last 24h 0.000%

Price spread now: Hyperliquid against Gate+0.013%7-day average +0.054% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now +0.013%, 7d avg +0.054%

Together, before fees+0.065%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 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 0.041% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AIXBT_USDT	0.02245	0.0100	pay 0.0050% / 4h	3h 50m	$191K	$78K	25x
Short	Hyperliquid AIXBT	0.02245	0.0100	get 0.0013% / 1h	50m 32s	$374K	$183K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.054%: −$4.07
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$28.07
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 37 min ago; Hyperliquid: live order book, 38 min ago. Net counts fees only.

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 Gate live order book, 37 min ago	13.48 bp	54.3 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 38 min ago	0.45 bp	doesn't fit	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	−0.1716%	1h	0.02243	−0.087%	$19K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0226%	4h	0.02243	−0.089%	$99K	$13K	—	as long as short
Hyperliquid AIXBTshort	+0.0100%	1h	0.02245	+0.013%	$374K	$183K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02241	−0.178%	$2.4M	$2.8M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02241	−0.178%	$1.2M	$969K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02241	−0.178%	$441K	$1.5M	20x	as long as short
Gate AIXBT_USDTlong	+0.0100%	4h	0.02245	long leg	$191K	$78K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02244	−0.045%	$450K	$183K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02241	−0.178%	$1.1M	$1.3M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02245	0.000%	$638K	$446K	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	0.02242	−0.134%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0143%	4h	0.02242	−0.134%	$120K	$62K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02245	0.000%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02242	−0.146%	—	—	—	as long as short