Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against MEXC+0.009%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$680.680% of the position

Long on MEXC Short on Hyperliquid

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)+0.183%+$18 · spread now +0.009%, 7d avg +0.053%

Together, before fees+0.196%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 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 0.044% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AIXBT_USDT	0.02243	0.0100	pay 0.0050% / 4h	2h 50m	$462K	$178K	100x
Short	Hyperliquid AIXBT	0.02243	0.0100	get 0.0013% / 1h	50m 45s	$373K	$180K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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 MEXCbpFee HyperliquidbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.053%: −$4.44
Slippage, 4 orders: −$54.95
Fee MEXC: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$72.4
Costs to cover: 0.680%
Break-even: never at this rate

Slippage from MEXC: live order book, 32 min ago; Hyperliquid: live order book, 33 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 MEXC live order book, 32 min ago	4.44 bp	14.3 bp −$14	53.8 bp −$538	137.6 bp −$13.8K	doesn't fit
Sell Hyperliquid live order book, 33 min ago	2.44 bp	22.2 bp −$22	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	−0.1933%	1h	0.02244	+0.027%	$19K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0198%	4h	0.02242	−0.023%	$99K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0063%	4h	0.02242	−0.045%	$119K	$63K	50x	as long as short
Hyperliquid AIXBTshort	+0.0100%	1h	0.02243	+0.009%	$373K	$180K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02243	−0.011%	$2.3M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02240	−0.134%	$1.2M	$958K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02239	−0.178%	$452K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02243	0.000%	$193K	$79K	25x	as long as short
MEXC AIXBT_USDTlong	+0.0100%	4h	0.02243	long leg	$462K	$178K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02243	0.000%	$1.2M	$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	0.02243	0.000%	$636K	$460K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02241	−0.089%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02243	+0.004%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02242	−0.064%	—	—	—	as long as short