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

ANIME

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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 Gate+0.389%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$316as in the Funding arb table
Net, price: spread back to 7d avg − costs−$269as in the Price arb table
costs, in and out, $10k−$3023.024% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.132%−$13 on $10k
Price spread, last 4 days (all we have)−0.589%−$59 · spread now +0.389%, 7d avg +0.056%
Together, before fees−0.721%+ Points / potential airdropHyperliquid: Season 2 · farm board−$72 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 0.333% dearer against Gate than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of +0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ANIME_USDT0.0033430.0100pay 0.0050% / 4h32m 32s$139K$63K25x
ShortHyperliquid ANIME0.0033560.0100get 0.0013% / 1h32m 32s$292K$100K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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: +0.389% → +0.056%
$33.33
Slippage, 4 orders
−$278.44
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$269.12
Costs to cover
3.024%
Break-even
never at this rate
Slippage from Gate: live order book, 18 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 Gate live order book, 18 min ago8.96 bp113.8 bp −$114doesn't fitdoesn'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+0.389%$292K$100K3x
Aster ANIMEUSDT+0.0100%4h0.003348+0.141%$27K$3K5xas long as short
Binance ANIMEUSDT+0.0100%4h0.003358+0.449%$1.3M$1.7M20xas long as short
Bybit ANIMEUSDT+0.0100%4h0.003353+0.299%$699K$291K25xas long as short
OKX ANIME-USDT-SWAP+0.0100%4h0.003355+0.359%$428K$545K20xas long as short
Gate ANIME_USDTlong+0.0100%4h0.003343long leg$139K$63K25x
MEXC ANIME_USDT+0.0100%4h0.003357+0.419%$211K$89K20xas long as short
KuCoin ANIMEUSDTM+0.0100%4h0.003347+0.120%$436K$60K20xas long as short
Bitget ANIMEUSDT+0.0100%4h0.003346+0.090%$847K$165K10xas long as short
BingX ANIME-USDT+0.0100%4h0.003349+0.179%$6.5Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ANIME+0.0100%4h0.003349+0.192%$11K$553as long as short
Kraken Futures PF_ANIMEUSD+0.0241%1h0.003356+0.404%$33K$1K10xas long as short
GMX ANIME/USD [ANIME-USDC]L +0.0497% / S −0.2017%1h0.003353+0.299%$818100xas long as short