Funding arb · Price arb /

AIXBT

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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 OKX+0.147%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$1000.998% of the position

Long on OKX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 4 days (all we have)−0.195%−$20 · spread now +0.147%, 7d avg +0.048%

Together, before fees−0.083%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 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 0.100% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AIXBT-USDT-SWAP	0.02241	0.0100	pay 0.0050% / 4h	2h 56m	$452K	$1.5M	20x
Short	Hyperliquid AIXBT	0.02244	0.0100	get 0.0013% / 1h	56m 29s	$374K	$185K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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 OKXbpFee HyperliquidbpOrdersPrice spread, now +0.147%Rate

Funding earned: $0
Price spread: +0.147% → +0.048%: $9.95
Slippage, 4 orders: −$80.83
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$89.88
Costs to cover: 0.998%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Hyperliquid: live order book, 27 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 OKX live order book, 5 min ago	2.22 bp	29.7 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 27 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	−0.1932%	1h	0.02245	+0.193%	$19K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0194%	4h	0.02249	+0.358%	$99K	$11K	—	as long as short
Hyperliquid AIXBTshort	+0.0100%	1h	0.02244	+0.147%	$374K	$185K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02243	+0.085%	$2.3M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02242	+0.022%	$1.2M	$962K	25x	as long as short
OKX AIXBT-USDT-SWAPlong	+0.0100%	4h	0.02241	long leg	$452K	$1.5M	20x
Gate AIXBT_USDT	+0.0100%	4h	0.02250	+0.402%	$193K	$79K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02243	+0.089%	$462K	$178K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02246	+0.223%	$1.1M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02247	+0.268%	$637K	$459K	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	0.02247	+0.268%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0117%	4h	0.02246	+0.223%	$119K	$63K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02246	+0.228%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02242	+0.035%	—	—	—	as long as short