Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against Hyperliquid−0.177%7-day average −0.110% · you buy dearer than you sell

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

Long on Hyperliquid Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.177%, 7d avg −0.110%

Together, before fees+0.069%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 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: Bybit is 0.068% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AIXBT	0.02255	0.0100	pay 0.0013% / 1h	1m 04s	$374K	$179K	3x
Short	Bybit AIXBTUSDT	0.02251	0.0100	get 0.0050% / 4h	1h 01m	$1.2M	$963K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Hyperliquid. 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 HyperliquidbpFee BybitbpOrdersPrice spread, now −0.177%Rate

Funding earned: $0
Price spread: −0.177% → −0.110%: −$6.78
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.78
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 69 min ago; Bybit: live order book, 10 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 Hyperliquid live order book, 69 min ago	1.34 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 10 min ago	4.46 bp	27.7 bp −$28	179.1 bp −$1,791	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	−0.0900%	1h	0.02252	−0.156%	$20K	$5K	10x	as long as short
BloFin AIXBT-USDT	+0.0064%	4h	0.02256	+0.027%	$119K	$63K	50x	as long as short
Variational Omni AIXBT	+0.0076%	4h	0.02241	−0.630%	$99K	$11K	—	as long as short
Hyperliquid AIXBTlong	+0.0100%	1h	0.02255	long leg	$374K	$179K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02254	−0.063%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDTshort	+0.0100%	4h	0.02251	−0.177%	$1.2M	$963K	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02251	−0.195%	$451K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02251	−0.195%	$193K	$80K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02254	−0.062%	$448K	$188K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02252	−0.151%	$1.1M	$1.4M	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDT	+0.0100%	4h	0.02256	+0.027%	$643K	$454K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02256	+0.027%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02255	−0.022%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02254	−0.064%	—	—	—	as long as short