Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0272%/8h= −29.8% APRnext payment −$0.34 per $10,000 · paid last 24h —

Price spread now: Hyperliquid against Reya+0.109%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · Hyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.109% dearer against Reya than usual: you sell high and buy low (spread +0.109% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AIXBTRUSDPERP	0.02265	0.0372	pay 0.0047% / 1h	28m 03s	—	—	—
Short	Hyperliquid AIXBT	0.02268	0.0100	get 0.0013% / 1h	28m 03s	$376K	$180K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ReyabpFee HyperliquidbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$57.16
Price spread: +0.109% → 0.000%: $10.89
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$61.28
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 32 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 Reya no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 32 min ago	1.55 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1245%	1h	0.02267	+0.064%	$18K	$7K	10x	as long as short
BloFin AIXBT-USDT	+0.0068%	4h	0.02264	−0.054%	$119K	$64K	50x	as long as short
Hyperliquid AIXBTshort	+0.0100%	1h	0.02268	+0.109%	$376K	$180K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02265	−0.010%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02263	−0.107%	$1.2M	$976K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02265	−0.010%	$461K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02268	+0.122%	$199K	$84K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02265	−0.010%	$458K	$186K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02265	−0.010%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02268	+0.122%	$644K	$455K	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	0.02266	+0.034%	—	$6.6M	—	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02263	−0.110%	$100K	$11K	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0270% / S −0.0489%	1h	0.02267	+0.065%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERPlong	+0.0372%	1h	0.02265	long leg	—	—	—