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

ANIME

all ANIME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bitget+0.299%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1301.301% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.126%−$13 on $10k
Price spread, last 4 days (all we have)−0.433%−$43 · spread now +0.299%, 7d avg −0.035%
Together, before fees−0.559%+ Points / potential airdropHyperliquid: Season 2 · farm board−$56 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 0.334% dearer against Bitget than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of −0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ANIMEUSDT0.0033460.0100pay 0.0050% / 4h32m 33s$847K$165K10x
ShortHyperliquid ANIME0.0033560.0100get 0.0013% / 1h32m 33s$292K$100K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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: +0.299% → −0.035%
$33.41
Slippage, 4 orders
−$109.13
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$96.72
Costs to cover
1.301%
Break-even
never at this rate
Slippage from Bitget: live order book, 23 min ago; Hyperliquid: live order book, 57 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 Bitget live order book, 23 min ago11.88 bp35.8 bp −$36453.9 bp −$4,539doesn't fitdoesn't fit
Sell Hyperliquid live order book, 57 min ago1.48 bp31.2 bp −$31doesn'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
Hyperliquid ANIMEshort+0.0100%1h0.003356+0.299%$292K$100K3x
Aster ANIMEUSDT+0.0100%4h0.003348+0.051%$27K$3K5xas long as short
Binance ANIMEUSDT+0.0100%4h0.003358+0.359%$1.3M$1.7M20xas long as short
Bybit ANIMEUSDT+0.0100%4h0.003353+0.209%$699K$291K25xas long as short
OKX ANIME-USDT-SWAP+0.0100%4h0.003355+0.269%$428K$545K20xas long as short
Gate ANIME_USDT+0.0100%4h0.003343−0.090%$139K$63K25xas long as short
MEXC ANIME_USDT+0.0100%4h0.003357+0.329%$211K$89K20xas long as short
KuCoin ANIMEUSDTM+0.0100%4h0.003347+0.030%$436K$60K20xas long as short
Bitget ANIMEUSDTlong+0.0100%4h0.003346long leg$847K$165K10x
BingX ANIME-USDT+0.0100%4h0.003349+0.090%$6.5Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ANIME+0.0100%4h0.003349+0.102%$11K$553as long as short
Kraken Futures PF_ANIMEUSD+0.0241%1h0.003356+0.314%$33K$1K10xas long as short
GMX ANIME/USD [ANIME-USDC]L +0.0497% / S −0.2017%1h0.003353+0.209%$818100xas long as short