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

XAI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid+0.088%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$246as in the Funding arb table
Net, price: spread back to 7d avg − costs−$240as in the Price arb table
costs, in and out, $10k−$2412.413% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.043%−$4 on $10k
Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.088%, 7d avg +0.076%
Together, before fees−0.145%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid XAI0.0079100.0100pay 0.0013% / 1h8m 20s$405K$64K3x
ShortBybit XAIUSDT0.0079170.0100get 0.0050% / 4h1h 08m$672K$395K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: +0.088% → +0.076%
$1.21
Slippage, 4 orders
−$221.27
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$240.07
Costs to cover
2.413%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 52 min ago; Bybit: live order book, 27 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, 52 min ago6.28 bp40.0 bp −$40doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 27 min ago4.43 bp89.2 bp −$89339.0 bp −$3,390doesn'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%1h0.007910long leg$405K$64K3x
Aster XAIUSDT+0.0100%4h0.007924+0.172%$7K$24K5xas long as short
Binance XAIUSDT+0.0100%4h0.007921+0.139%$1.6M$2.0M25xas long as short
Bybit XAIUSDTshort+0.0100%4h0.007917+0.088%$672K$395K25x
Gate XAI_USDT+0.0100%4h0.007920+0.126%$78K$39K50xas long as short
MEXC XAI_USDT+0.0100%4h0.007921+0.139%$1.9M$429K50xas long as short
KuCoin XAIUSDTM+0.0100%4h0.007920+0.126%$177K$42K25xas long as short
Bitget XAIUSDT+0.0100%4h0.007919+0.114%$472K$288K25xas long as short
BingX XAI-USDT+0.0100%4h0.007920+0.126%$2.3Mas long as short
BloFin XAI-USDT+0.0137%4h0.007919+0.114%$159K$19K25xas long as short