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

XAI

all XAI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h −0.001%
Price spread now: BloFin against Hyperliquid−0.013%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$980.977% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.046%+$5 on $10k
Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.013%, 7d avg +0.059%
Together, before fees+0.063%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.071% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.059%). If the spread goes back, that is −$7 on $10k: about 4.2 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.046% in total) that is about 11 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid XAI0.0079700.0100pay 0.0013% / 1h12m 36s$408K$64K3x
ShortBloFin XAI-USDT0.0079690.0156get 0.0078% / 4h3h 12m$160K$20K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$11.75
Price spread: −0.013% → +0.059%
−$7.12
Slippage, 4 orders
−$76.65
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$93.02
Costs to cover
0.977%
Break-even
62.4 days
Slippage from Hyperliquid: live order book, 67 min ago; BloFin: live order book, 7 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, 67 min ago6.25 bp25.3 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 7 min ago4.38 bp22.7 bp −$2362.5 bp −$625doesn'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
Bybit XAIUSDT−0.0288%4h0.007968−0.025%$657K$396K25xas long as short
Hyperliquid XAIlong+0.0100%1h0.007970long leg$408K$64K3x
Aster XAIUSDT+0.0100%4h0.007972+0.021%$5K$19K5xas long as short
Binance XAIUSDT+0.0100%4h0.007973+0.041%$1.6M$2.0M25xas long as short
Gate XAI_USDT+0.0100%4h0.0079700.000%$80K$39K50xas long as short
MEXC XAI_USDT+0.0100%4h0.0079700.000%$1.9M$437K50xas long as short
KuCoin XAIUSDTM+0.0100%4h0.007990+0.251%$179K$45K25xas long as short
Bitget XAIUSDT+0.0100%4h0.007971+0.013%$450K$252K25xas long as short
BingX XAI-USDT+0.0100%4h0.007972+0.025%$2.3Mas long as short
BloFin XAI-USDTshort+0.0156%4h0.007969−0.013%$160K$20K25x