Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Hyperliquid+0.119%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$440as in the Funding arb table

Net, price: spread back to 7d avg − costs−$406as in the Price arb table

costs, in and out, $10k−$4214.214% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$18 on $10k

Price spread, last 4 days (all we have)−0.268%−$27 · spread now +0.119%, 7d avg −0.035%

Together, before fees−0.453%+ Points / potential airdropHyperliquid: Season 2 · farm board−$45 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: KuCoin is 0.154% dearer against Hyperliquid than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AIXBT	0.02271	0.0100	pay 0.0013% / 1h	50m 55s	$388K	$205K	3x
Short	KuCoin AIXBTUSDTM	0.02274	0.0100	get 0.0050% / 4h	50m 55s	$1.2M	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hyperliquid. 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 HyperliquidbpFee KuCoinbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → −0.035%: $15.36
Slippage, 4 orders: −$400.38
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$406.02
Costs to cover: 4.214%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 39 min ago; KuCoin: live order book, 4 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 Hyperliquid live order book, 39 min ago	2.83 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.19 bp	181.4 bp −$181	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	−0.1296%	1h	0.02268	−0.157%	$18K	$7K	10x	as long as short
Hyperliquid AIXBTlong	+0.0100%	1h	0.02271	long leg	$388K	$205K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02271	−0.013%	$2.4M	$3.3M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02268	−0.145%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02270	−0.057%	$446K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02272	+0.031%	$200K	$101K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02270	−0.057%	$604K	$222K	100x	as long as short
KuCoin AIXBTUSDTMshort	+0.0100%	4h	0.02274	+0.119%	$1.2M	$1.4M	30x
Bitget AIXBTUSDT	+0.0100%	4h	0.02274	+0.119%	$641K	$534K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02271	−0.013%	—	$6.6M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AIXBT	+0.0100%	4h	0.02267	−0.207%	$99K	$10K	—	as long as short
BloFin AIXBT-USDT	+0.0139%	4h	0.02269	−0.101%	$118K	$76K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0270% / S −0.0486%	1h	0.02269	−0.079%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02270	−0.062%	—	—	—	as long as short