Funding arb · Price arb /

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Swap Backtest

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: Gate against Hyperliquid+0.013%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid XAI	0.007960	0.0100	pay 0.0013% / 1h	45m 51s	$408K	$67K	3x
Short	Gate XAI_USDT	0.007961	0.0100	get 0.0050% / 4h	1h 45m	$81K	$45K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee HyperliquidbpFee GatebpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → 0.000%: $1.26
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$22.74
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 54 min ago; Gate: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 54 min ago	6.28 bp	31.4 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Gate no order-book sample	—	—	—	—	—

Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAI on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XAIlong	+0.0100%	1h	0.007960	long leg	$408K	$67K	3x
Aster XAIUSDT	+0.0100%	4h	0.007956	−0.053%	$5K	$19K	5x	as long as short
Binance XAIUSDT	+0.0100%	4h	0.007962	+0.025%	$1.6M	$2.1M	25x	as long as short
Bybit XAIUSDT	+0.0100%	4h	0.007956	−0.050%	$653K	$420K	25x	as long as short
Gate XAI_USDTshort	+0.0100%	4h	0.007961	+0.013%	$81K	$45K	50x
MEXC XAI_USDT	+0.0100%	4h	0.007953	−0.088%	$1.9M	$441K	50x	as long as short
KuCoin XAIUSDTM	+0.0100%	4h	0.007960	0.000%	$178K	$45K	25x	as long as short
Bitget XAIUSDT	+0.0100%	4h	0.007956	−0.050%	$442K	$262K	25x	as long as short
BingX XAI-USDT	+0.0100%	4h	0.007963	+0.038%	—	$2.3M	—	as long as short
BloFin XAI-USDT	+0.0119%	4h	0.007960	0.000%	—	$20K	25x	as long as short