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: BingX against Hyperliquid+0.050%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1291.290% 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)+0.284%+$28 · spread now +0.050%, 7d avg +0.080%
Together, before fees+0.328%+ Points / potential airdropHyperliquid: Season 2 · farm board+$33 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: BingX is 0.030% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.080%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid XAI0.0079700.0100pay 0.0013% / 1h45m 01s$408K$67K3x
ShortBingX XAI-USDT0.0079740.0100get 0.0050% / 4h1h 45m$2.3M

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: +0.050% → +0.080%
−$3.01
Slippage, 4 orders
−$110.04
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$132.05
Costs to cover
1.290%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 55 min ago; BingX: live order book, 3 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, 55 min ago6.28 bp31.4 bp −$31doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 3 min ago6.28 bp31.1 bp −$3176.8 bp −$768603.8 bp −$60.4K978.1 bp −$489.1K

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%4h0.007971+0.017%$5K$19K5xas long as short
Binance XAIUSDT+0.0100%4h0.007971+0.014%$1.6M$2.1M25xas long as short
Bybit XAIUSDT+0.0100%4h0.007974+0.050%$655K$420K25xas long as short
Gate XAI_USDT+0.0100%4h0.007962−0.100%$81K$45K50xas long as short
MEXC XAI_USDT+0.0100%4h0.007975+0.063%$2.0M$441K50xas long as short
KuCoin XAIUSDTM+0.0100%4h0.007980+0.125%$178K$45K25xas long as short
Bitget XAIUSDT+0.0100%4h0.007973+0.038%$443K$262K25xas long as short
BingX XAI-USDTshort+0.0100%4h0.007974+0.050%$2.3M
BloFin XAI-USDT+0.0123%4h0.007958−0.151%$160K$20K25xas long as short