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

ANIME

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX−0.149%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$910.911% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.047%−$5 on $10k
Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.149%, 7d avg −0.063%
Together, before fees−0.086%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 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 0.086% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.063%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ANIME-USDT0.0033580.0100pay 0.0050% / 4h3h 33m$6.5M
ShortHyperliquid ANIME0.0033530.0100get 0.0013% / 1h33m 57s$292K$87K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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: −0.149% → −0.063%
−$8.56
Slippage, 4 orders
−$72.11
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$99.67
Costs to cover
0.911%
Break-even
never at this rate
Slippage from BingX: live order book, 2 min ago; Hyperliquid: live order book, 46 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 BingX live order book, 2 min ago1.49 bp16.8 bp −$17228.0 bp −$2,280725.4 bp −$72.5Kdoesn't fit
Sell Hyperliquid live order book, 46 min ago2.97 bp29.9 bp −$30doesn't fitdoesn't fitdoesn't fit

ANIME on 13 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
Kraken Futures PF_ANIMEUSD+0.0005%1h0.003359+0.034%$33K$1K10xas long as short
Hyperliquid ANIMEshort+0.0100%1h0.003353−0.149%$292K$87K3x
Aster ANIMEUSDT+0.0100%4h0.003360+0.055%$27K$3K5xas long as short
Binance ANIMEUSDT+0.0100%4h0.003356−0.066%$1.3M$1.6M20xas long as short
Bybit ANIMEUSDT+0.0100%4h0.003357−0.030%$700K$276K25xas long as short
OKX ANIME-USDT-SWAP+0.0100%4h0.003354−0.119%$428K$519K20xas long as short
Gate ANIME_USDT+0.0100%4h0.003356−0.060%$139K$58K25xas long as short
MEXC ANIME_USDT+0.0100%4h0.003357−0.030%$208K$88K20xas long as short
KuCoin ANIMEUSDTM+0.0100%4h0.003356−0.060%$435K$57K20xas long as short
Bitget ANIMEUSDT+0.0100%4h0.0033580.000%$851K$150K10xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ANIME-USDTlong+0.0100%4h0.003358long leg$6.5M
Variational Omni ANIME+0.0100%4h0.003358+0.012%$11K$553as long as short
GMX ANIME/USD [ANIME-USDC]L +0.0497% / S −0.2017%1h0.003354−0.119%$819100xas long as short