Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: Variational Omni against Hyperliquid−0.680%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.680% cheaper against Hyperliquid than usual: you would sell low and buy high, −$68 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AIXBT	0.02311	0.0100	pay 0.0013% / 1h	19m 18s	$396K	$201K	3x
Short	Variational Omni AIXBT	0.02295	0.0100	get 0.0050% / 4h	1h 19m	$100K	$10K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.680%Rate

Funding earned: $0
Price spread: −0.680% → 0.000%: −$68.05
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$77.05
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 11 min ago; Variational Omni: RFQ quote, 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, 11 min ago	2.83 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 10 min ago	10.90 bp	doesn't fit	224.5 bp −$2,245	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	−0.1142%	1h	0.02305	−0.263%	$19K	$7K	10x	as long as short
BloFin AIXBT-USDT	+0.0049%	4h	0.02308	−0.121%	$121K	$75K	50x	as long as short
Hyperliquid AIXBTlong	+0.0100%	1h	0.02311	long leg	$396K	$201K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02310	−0.016%	$2.4M	$3.2M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02306	−0.208%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02305	−0.251%	$456K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02307	−0.164%	$203K	$101K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02309	−0.078%	$608K	$216K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02310	−0.035%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02313	+0.095%	$658K	$524K	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	0.02308	−0.121%	—	$6.6M	—	as long as short
Variational Omni AIXBTshort	+0.0100%	4h	0.02295	−0.680%	$100K	$10K	—
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02308	−0.130%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02308	−0.108%	—	—	—	as long as short