Funding arb · Price arb /

ANIME

all ANIME markets

Swap Backtest

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 OKX+0.060%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1221.224% of the position

Long on OKX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.060%, 7d avg +0.011%

Together, before fees−0.091%+ 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 0.048% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ANIME-USDT-SWAP	0.003351	0.0100	pay 0.0050% / 4h	3h 33m	$428K	$517K	20x
Short	Hyperliquid ANIME	0.003353	0.0100	get 0.0013% / 1h	33m 34s	$292K	$87K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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

Position, each leg$Hold fordaysFee OKXbpFee HyperliquidbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → +0.011%: $4.84
Slippage, 4 orders: −$103.44
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$117.6
Costs to cover: 1.224%
Break-even: never at this rate

Slippage from OKX: live order book, 17 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 17 min ago	2.97 bp	36.8 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 46 min ago	2.97 bp	29.9 bp −$30	doesn't fit	doesn't fit	doesn't fit

ANIME on 13 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_ANIMEUSD	+0.0005%	1h	0.003359	+0.243%	$33K	$1K	10x	as long as short
Hyperliquid ANIMEshort	+0.0100%	1h	0.003353	+0.060%	$292K	$87K	3x
Aster ANIMEUSDT	+0.0100%	4h	0.003359	+0.241%	$27K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003355	+0.119%	$1.3M	$1.6M	20x	as long as short
Bybit ANIMEUSDT	+0.0100%	4h	0.003357	+0.179%	$700K	$276K	25x	as long as short
OKX ANIME-USDT-SWAPlong	+0.0100%	4h	0.003351	long leg	$428K	$517K	20x
Gate ANIME_USDT	+0.0100%	4h	0.003356	+0.149%	$139K	$58K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003354	+0.090%	$208K	$88K	20x	as long as short
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003355	+0.119%	$435K	$57K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003358	+0.209%	$851K	$149K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ANIME-USDT	+0.0100%	4h	0.003357	+0.179%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003358	+0.221%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003354	+0.090%	$819	—	100x	as long as short