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: MEXC against Hyperliquid−0.031%7-day average −0.054% · you buy dearer than you sell

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

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.045%−$5 · spread now −0.031%, 7d avg −0.054%

Together, before fees−0.059%+ 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: MEXC is 0.023% dearer against Hyperliquid than usual: you sell high and buy low, +$2 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	Hyperliquid AIXBT	0.02246	0.0100	pay 0.0013% / 1h	54m 00s	$373K	$178K	3x
Short	MEXC AIXBT_USDT	0.02245	0.0100	get 0.0050% / 4h	1h 54m	$460K	$181K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.054%: $2.29
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$10.71
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 16 min ago; MEXC: live order book, 20 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, 16 min ago	1.34 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 20 min ago	2.22 bp	17.0 bp −$17	66.1 bp −$661	132.0 bp −$13.2K	171.1 bp −$85.6K

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	−0.0903%	1h	0.02244	−0.067%	$19K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0057%	4h	0.02241	−0.218%	$98K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0083%	4h	0.02243	−0.120%	$118K	$63K	50x	as long as short
Hyperliquid AIXBTlong	+0.0100%	1h	0.02246	long leg	$373K	$178K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02244	−0.082%	$2.3M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02242	−0.165%	$1.2M	$959K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02243	−0.120%	$449K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02243	−0.120%	$192K	$79K	25x	as long as short
MEXC AIXBT_USDTshort	+0.0100%	4h	0.02245	−0.031%	$460K	$181K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02245	−0.031%	$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	0.02245	−0.031%	$638K	$459K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02242	−0.165%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02246	0.000%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02245	−0.050%	—	—	—	as long as short