Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Binance+0.114%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$890.892% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.114%, 7d avg +0.053%

Together, before fees−0.048%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 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 0.061% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AIXBTUSDT	0.02295	0.0100	pay 0.0050% / 4h	3h 52m	$2.5M	$4.4M	50x
Short	Hyperliquid AIXBT	0.02297	0.0100	get 0.0013% / 1h	52m 34s	$407K	$231K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now +0.114%Rate

Funding earned: $0
Price spread: +0.114% → +0.053%: $6.05
Slippage, 4 orders: −$70.23
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$83.18
Costs to cover: 0.892%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Hyperliquid: live order book, 57 min ago.

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 Binance live order book, 14 min ago	2.18 bp	24.3 bp −$24	123.6 bp −$1,236	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 57 min ago	1.94 bp	20.6 bp −$21	doesn't fit	doesn't fit	doesn't fit

AIXBT on 14 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
Kraken Futures PF_AIXBTUSD	−0.2438%	1h	0.02293	−0.082%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	+0.0048%	4h	0.02292	−0.129%	$99K	$12K	—	as long as short
BloFin AIXBT-USDT	+0.0063%	4h	0.02294	−0.026%	$121K	$92K	50x	as long as short
Hyperliquid AIXBTshort	+0.0100%	1h	0.02297	+0.114%	$407K	$231K	3x
Binance AIXBTUSDTlong	+0.0100%	4h	0.02295	long leg	$2.5M	$4.4M	50x
Bybit AIXBTUSDT	+0.0100%	4h	0.02291	−0.143%	$1.2M	$1.3M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02294	−0.026%	$463K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02294	−0.026%	$214K	$140K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02295	+0.018%	$702K	$282K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02294	−0.026%	$1.1M	$1.5M	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDT	+0.0100%	4h	0.02298	+0.149%	$658K	$644K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02295	+0.018%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0247% / S −0.0698%	1h	0.02295	+0.031%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02297	+0.100%	—	—	—	as long as short