Settings8H · net · $10k
Funding arb · Price arb /

ALT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid−0.159%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1161.158% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.105%+$11 on $10k
Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.159%, 7d avg −0.045%
Together, before fees+0.235%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 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: Bitget is 0.114% cheaper against Hyperliquid than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ALT0.0075420.0100pay 0.0013% / 1h52m 39s$1.1M$185K3x
ShortBitget ALTUSDT0.0075300.0100get 0.0050% / 4h2h 52m$597K$114K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: −0.159% → −0.045%
−$11.39
Slippage, 4 orders
−$94.75
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$127.14
Costs to cover
1.158%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Bitget: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 8 min ago5.98 bp31.7 bp −$32doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 12 min ago3.96 bp28.4 bp −$28162.6 bp −$1,626doesn't fitdoesn't fit

ALT on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ALT-USDT+0.0041%4h0.007512−0.398%$172K$10K50xas long as short
Variational Omni ALT+0.0069%4h0.007486−0.738%$5K$13Kas long as short
Hyperliquid ALTlong+0.0100%1h0.007542long leg$1.1M$185K3x
Binance ALTUSDT+0.0100%4h0.007545+0.040%$2.6M$3.6M50xas long as short
Bybit ALTUSDT+0.0100%4h0.007539−0.040%$1.2M$1.6M25xas long as short
Gate ALT_USDT+0.0100%8h0.007533−0.119%$52K$396K25xas long as short
MEXC ALT_USDT+0.0100%4h0.007548+0.080%$416K$182K50xas long as short
KuCoin ALTUSDTM+0.0100%4h0.007540−0.027%$149K$20K30xas long as short
Bitget ALTUSDTshort+0.0100%4h0.007530−0.159%$597K$114K50x
BingX ALT-USDT+0.0100%4h0.007543+0.013%$1.3Mas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ALT_USDC-PERPETUAL+0.0148%1h0.007540−0.027%$025xas long as short
Kraken Futures PF_ALTUSD+0.0209%1h0.007544+0.032%$44K$8K10xas long as short
Coinbase International ALT-PERP-INTX+0.0432%1h0.007598+0.743%$14K$3K50xas long as short
Injective ALT/USDC PERP+0.5000%1h0.007604+0.822%$827$4K5.5xas long as short