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

XAI

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Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit−0.038%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$198as in the Price arb table
costs, in and out, $10k−$2032.025% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.060%+$6 on $10k
Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.038%, 7d avg −0.079%
Together, before fees+0.031%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 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 0.042% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.079%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XAIUSDT0.0079830.0100pay 0.0050% / 4h1h 43m$656K$420K25x
ShortHyperliquid XAI0.0079800.0100get 0.0013% / 1h43m 17s$409K$67K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. 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: −0.038% → −0.079%
$4.18
Slippage, 4 orders
−$182.53
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$198.35
Costs to cover
2.025%
Break-even
never at this rate
Slippage from Bybit: live order book, 12 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 Bybit live order book, 12 min ago4.39 bp68.0 bp −$68820.4 bp −$8,204doesn't fitdoesn't fit
Sell Hyperliquid live order book, 57 min ago6.28 bp37.3 bp −$37doesn'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%1h0.007980−0.038%$409K$67K3x
Aster XAIUSDT+0.0100%4h0.007973−0.126%$5K$19K5xas long as short
Binance XAIUSDT+0.0100%4h0.007978−0.063%$1.6M$2.1M25xas long as short
Bybit XAIUSDTlong+0.0100%4h0.007983long leg$656K$420K25x
Gate XAI_USDT+0.0100%4h0.007967−0.200%$81K$45K50xas long as short
MEXC XAI_USDT+0.0100%4h0.007979−0.050%$2.0M$441K50xas long as short
KuCoin XAIUSDTM+0.0100%4h0.007980−0.038%$178K$45K25xas long as short
Bitget XAIUSDT+0.0100%4h0.007976−0.088%$443K$262K25xas long as short
BingX XAI-USDT+0.0100%4h0.007979−0.050%$2.3Mas long as short
BloFin XAI-USDT+0.0123%4h0.007958−0.313%$160K$20K25xas long as short