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

XAI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Hyperliquid+0.125%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$669as in the Funding arb table
Net, price: spread back to 7d avg − costs−$667as in the Price arb table
costs, in and out, $10k−$6736.732% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.042%+$4 on $10k
Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.125%, 7d avg +0.062%
Together, before fees−0.016%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 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: KuCoin is 0.063% dearer against Hyperliquid than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.062%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid XAI0.0079700.0100pay 0.0013% / 1h58m 26s$408K$65K3x
ShortKuCoin XAIUSDTM0.0079800.0100get 0.0050% / 4h3h 58m$178K$45K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.125% → +0.062%
$6.34
Slippage, 4 orders
−$652.18
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$666.84
Costs to cover
6.732%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 21 min ago; KuCoin: live order book, 12 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, 21 min ago6.25 bp25.3 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 12 min ago25.03 bp406.3 bp −$406doesn't fitdoesn'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−0.0003%4h0.007975+0.063%$656K$400K25xas long as short
Hyperliquid XAIlong+0.0100%1h0.007970long leg$408K$65K3x
Aster XAIUSDT+0.0100%4h0.007979+0.110%$5K$19K5xas long as short
Binance XAIUSDT+0.0100%4h0.007975+0.062%$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%4h0.007979+0.113%$1.9M$434K50xas long as short
KuCoin XAIUSDTMshort+0.0100%4h0.007980+0.125%$178K$45K25x
Bitget XAIUSDT+0.0100%4h0.007977+0.088%$452K$252K25xas long as short
BingX XAI-USDT+0.0100%4h0.007976+0.075%$2.3Mas long as short
BloFin XAI-USDT+0.0126%4h0.007981+0.138%$160K$19K25xas long as short