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

XAI

all XAI 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+0.050%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1051.055% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.044%−$4 on $10k
Price spread, last 4 days (all we have)−0.344%−$34 · spread now +0.050%, 7d avg −0.062%
Together, before fees−0.388%+ Points / potential airdropHyperliquid: Season 2 · farm board−$39 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 0.113% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.062%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XAIUSDT0.0079660.0100pay 0.0050% / 4h55m 12s$443K$260K25x
ShortHyperliquid XAI0.0079700.0100get 0.0013% / 1h55m 12s$408K$67K3x

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: +0.050% → −0.062%
$11.25
Slippage, 4 orders
−$84.46
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$94.21
Costs to cover
1.055%
Break-even
never at this rate
Slippage from Bitget: live order book, 61 min ago; Hyperliquid: live order book, 35 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, 61 min ago11.91 bp24.1 bp −$2475.1 bp −$751doesn't fitdoesn't fit
Sell Hyperliquid live order book, 35 min ago6.26 bp16.5 bp −$16doesn't fitdoesn't fitdoesn't fit

XAI on 10 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 XAIshort+0.0100%1h0.007970+0.050%$408K$67K3x
Aster XAIUSDT+0.0100%4h0.007971+0.058%$5K$19K5xas long as short
Binance XAIUSDT+0.0100%4h0.007969+0.038%$1.6M$2.0M25xas long as short
Bybit XAIUSDT+0.0100%4h0.007970+0.050%$655K$417K25xas long as short
Gate XAI_USDT+0.0100%4h0.007960−0.075%$79K$39K50xas long as short
MEXC XAI_USDT+0.0100%4h0.007965−0.013%$1.9M$425K50xas long as short
KuCoin XAIUSDTM+0.0100%4h0.007970+0.050%$178K$46K25xas long as short
Bitget XAIUSDTlong+0.0100%4h0.007966long leg$443K$260K25x
BingX XAI-USDT+0.0100%4h0.0079660.000%$2.3Mas long as short
BloFin XAI-USDT+0.0131%4h0.007972+0.075%$161K$20K25xas long as short