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: Hyperliquid against KuCoin−0.125%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$677as in the Funding arb table
Net, price: spread back to 7d avg − costs−$680as 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)+0.058%+$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: Hyperliquid is 0.063% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.062%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XAIUSDTM0.0079800.0100pay 0.0050% / 4h3h 59m$178K$45K25x
ShortHyperliquid XAI0.0079700.0100get 0.0013% / 1h59m 07s$409K$65K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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%
−$6.33
Slippage, 4 orders
−$652.18
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$679.51
Costs to cover
6.732%
Break-even
never at this rate
Slippage from KuCoin: live order book, 11 min ago; Hyperliquid: live order book, 21 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 KuCoin live order book, 11 min ago25.03 bp216.5 bp −$217doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 21 min ago6.25 bp25.1 bp −$25doesn'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
Hyperliquid XAIshort+0.0100%1h0.007970−0.125%$409K$65K3x
Aster XAIUSDT+0.0100%4h0.007982+0.019%$5K$19K5xas long as short
Binance XAIUSDT+0.0100%4h0.007978−0.028%$1.6M$2.0M25xas long as short
Bybit XAIUSDT+0.0100%4h0.007979−0.013%$656K$400K25xas long as short
Gate XAI_USDT+0.0100%4h0.007969−0.138%$80K$39K50xas long as short
MEXC XAI_USDT+0.0100%4h0.007979−0.013%$1.9M$434K50xas long as short
KuCoin XAIUSDTMlong+0.0100%4h0.007980long leg$178K$45K25x
Bitget XAIUSDT+0.0100%4h0.007977−0.038%$452K$252K25xas long as short
BingX XAI-USDT+0.0100%4h0.007976−0.050%$2.3Mas long as short
BloFin XAI-USDT+0.0126%4h0.007981+0.013%$160K$19K25xas long as short