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

XAI

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SwapBacktest
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: Binance against Hyperliquid+0.050%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1251.247% 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)+0.045%+$5 · spread now +0.050%, 7d avg +0.050%
Together, before fees+0.089%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid XAI0.0079700.0100pay 0.0013% / 1h44m 10s$408K$67K3x
ShortBinance XAIUSDT0.0079740.0100get 0.0050% / 4h1h 44m$1.6M$2.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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: +0.050% → +0.050%
−$0.02
Slippage, 4 orders
−$105.74
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$124.76
Costs to cover
1.247%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 56 min ago; Binance: live order book, 5 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, 56 min ago6.28 bp31.4 bp −$31doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 5 min ago3.77 bp28.6 bp −$2999.2 bp −$992doesn'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 XAIlong+0.0100%1h0.007970long leg$408K$67K3x
Aster XAIUSDT+0.0100%4h0.007972+0.026%$5K$19K5xas long as short
Binance XAIUSDTshort+0.0100%4h0.007974+0.050%$1.6M$2.1M25x
Bybit XAIUSDT+0.0100%4h0.007972+0.025%$655K$420K25xas long as short
Gate XAI_USDT+0.0100%4h0.007964−0.075%$81K$45K50xas long as short
MEXC XAI_USDT+0.0100%4h0.007977+0.088%$2.0M$441K50xas long as short
KuCoin XAIUSDTM+0.0100%4h0.007980+0.125%$178K$45K25xas long as short
Bitget XAIUSDT+0.0100%4h0.007972+0.025%$443K$262K25xas long as short
BingX XAI-USDT+0.0100%4h0.007974+0.050%$2.3Mas long as short
BloFin XAI-USDT+0.0123%4h0.007958−0.151%$160K$20K25xas long as short