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

AR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: BingX against Hyperliquid−0.163%7-day average −0.174% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$690.692% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.099%−$10 on $10k
Price spread, last 7 days+0.050%+$5 · spread now −0.163%, 7d avg −0.174%
Together, before fees−0.050%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid AR4.47730.0100pay 0.0013% / 1h18m 18s$3.8M$4.8M5x
ShortBingX AR-USDT4.47000.0100get 0.0100% / 8h2h 18m$2.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: −0.163% → −0.174%
$1.14
Slippage, 4 orders
−$50.24
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$68.1
Costs to cover
0.692%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; BingX: live order book, 1 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, 4 min ago1.67 bp12.0 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 1 min ago2.24 bp23.4 bp −$2349.1 bp −$491281.0 bp −$28.1K698.1 bp −$349.1K

AR on 17 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_ARUSD−0.2005%1h4.4754−0.041%$46K$155K20xas long as short
GMX AR/USD [WBTC.b-USDC]L −0.0140% / S +0.0551%1h4.4726−0.104%$575K50xas long as short
Injective AR/USDC PERP+0.0033%1h4.5720+2.115%$3K$3635.5xas long as short
Hyperliquid ARlong+0.0100%1h4.4773long leg$3.8M$4.8M5x
Aster ARUSDT+0.0100%8h4.4764−0.021%$20K$621K10xas long as short
Binance ARUSDT+0.0100%8h4.4680−0.207%$8.7M$56.1M75xas long as short
Bybit ARUSDT+0.0100%8h4.4684−0.199%$4.6M$9.0M75xas long as short
OKX AR-USDT-SWAP+0.0100%8h4.4650−0.275%$2.2M$20.6M20xas long as short
Gate AR_USDT+0.0100%8h4.4690−0.185%$2.5M$2.3M50xas long as short
MEXC AR_USDT+0.0100%8h4.4680−0.208%$6.8M$4.8M100xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ARUSDTM+0.0100%8h4.4760−0.029%$1.4M$1.1M50xas long as short
Bitget ARUSDT+0.0100%8h4.4750−0.051%$3.8M$5.6M75xas long as short
BingX AR-USDTshort+0.0100%8h4.4700−0.163%$2.9M
Variational Omni AR+0.0100%8h4.4848+0.166%$137K$172Kas long as short
ApeX Omni ARUSDT+0.0100%1h4.4880+0.239%$58K$747K50xas long as short
Extended AR-USD+0.0104%1h4.4676−0.216%$36K$237K10xas long as short
BloFin AR-USDT+0.0220%8h4.4720−0.118%$419K$668K20xas long as short