Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0166%/8h= +18.2% APRpaid last 24h +0.018%

Price spread now: Hyperliquid against Variational Omni+0.148%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Hyperliquid

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 airdropVariational Omni: Active · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.148% dearer against Variational Omni than usual: you sell high and buy low: +$15 more if the spread 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	Variational Omni AIXBT	0.02246	−0.0066	get 0.0033% / 4h	2h 17m	$99K	$11K	—
Short	Hyperliquid AIXBT	0.02250	0.0100	get 0.0013% / 1h	17m 43s	$374K	$179K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +0.148%Rate

Funding earned: $34.87
Price spread: +0.148% → 0.000%: $14.8
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $40.67
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 66 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 66 min ago	2.44 bp	22.2 bp −$22	doesn't fit	doesn't fit	doesn't fit

Variational Omni: 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	−0.1927%	1h	0.02250	+0.164%	$20K	$7K	10x	as long as short
Variational Omni AIXBTlong	−0.0066%	4h	0.02246	long leg	$99K	$11K	—
BloFin AIXBT-USDT	+0.0078%	4h	0.02246	−0.017%	$118K	$63K	50x	as long as short
Hyperliquid AIXBTshort	+0.0100%	1h	0.02250	+0.148%	$374K	$179K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02248	+0.077%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02246	−0.008%	$1.2M	$958K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02246	−0.017%	$448K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02247	+0.028%	$193K	$79K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02248	+0.072%	$458K	$181K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02249	+0.117%	$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	0.02251	+0.206%	$638K	$458K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02247	+0.028%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02249	+0.117%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02248	+0.058%	—	—	—	as long as short