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

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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 −0.053%
Price spread now: Bitget against Hyperliquid−0.043%7-day average −0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$830.828% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.179%−$18 on $10k
Price spread, last 4 days (all we have)−0.465%−$46 · spread now −0.043%, 7d avg −0.123%
Together, before fees−0.644%+ Points / potential airdropHyperliquid: Season 2 · farm board−$64 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: Bitget is 0.080% dearer against Hyperliquid than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.123%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CC0.11700.0100pay 0.0013% / 1h58m 29s$5.5M$1.4M3x
ShortBitget CCUSDT0.11700.0100get 0.0050% / 4h58m 29s$916K$774K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.043% → −0.123%
$8.01
Slippage, 4 orders
−$61.76
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$74.76
Costs to cover
0.828%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Bitget: live order book, 62 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, 3 min ago1.71 bp10.5 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 62 min ago2.97 bp25.8 bp −$2688.5 bp −$885doesn't fitdoesn't fit

CC on 19 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
Injective CC/USDC PERP−0.3024%1h0.1180+0.829%$402$3K5.5xas long as short
Bybit CCUSDT−0.0143%4h0.1169−0.128%$10.6M$3.8M25xas long as short
MEXC CC_USDT−0.0136%4h0.1169−0.145%$1.7M$323K100xas long as short
Paradex CC-USD-PERP+0.0098%8h0.1170−0.036%$1K5xas long as short
Hyperliquid CClong+0.0100%1h0.1170long leg$5.5M$1.4M3x
Aster CCUSDT+0.0100%4h0.1170−0.019%$35K$32K20xas long as short
Binance CCUSDT+0.0100%4h0.1169−0.117%$11.0M$12.1M75xas long as short
OKX CC-USDT-SWAP+0.0100%4h0.1168−0.154%$2.5M$3.4M20xas long as short
Gate CC_USDT+0.0100%4h0.1170+0.009%$362K$216K50xas long as short
KuCoin CCUSDTM+0.0100%4h0.1170−0.009%$482K$122K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CCUSDTshort+0.0100%4h0.1170−0.043%$916K$774K20x
BingX CC-USDT+0.0100%4h0.1168−0.197%$6.6Mas long as short
Backpack CC_USDC_PERP+0.0100%1h0.1169−0.103%$15K$22K10xas long as short
Variational Omni CC+0.0100%4h0.1170−0.059%$595K$55Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1170−0.049%$90K$2.4M10xas long as short
Derive CC-PERP+0.0100%1h0.1168−0.190%$6K$35K6.7xas long as short
BloFin CC-USDT+0.0340%4h0.1168−0.205%$597K$98K75xas long as short
GMX CC/USD [WBTC.b-USDC]L +0.0447% / S −0.0241%1h0.1169−0.153%$44K50xas long as short
Lighter CC+0.0624%1h0.1175+0.419%$243K$160K5xas long as short