Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Gate+0.251%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1611.611% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.251%, 7d avg +0.053%

Together, before fees−0.153%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 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 0.198% dearer against Gate than usual: you sell high and buy low, +$20 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	Gate AIXBT_USDT	0.02315	0.0100	pay 0.0050% / 4h	2h 55m	$213K	$86K	25x
Short	Hyperliquid AIXBT	0.02321	0.0100	get 0.0013% / 1h	55m 57s	$396K	$207K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.251%Rate

Funding earned: $0
Price spread: +0.251% → +0.053%: $19.75
Slippage, 4 orders: −$137.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$141.37
Costs to cover: 1.611%
Break-even: never at this rate

Slippage from Gate: live order book, 50 min ago; Hyperliquid: live order book, 14 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 Gate live order book, 50 min ago	10.76 bp	63.6 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 14 min ago	1.94 bp	21.3 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	−0.1394%	1h	0.02310	−0.212%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	−0.0099%	4h	0.02315	−0.017%	$101K	$10K	—	as long as short
Bybit AIXBTUSDT	+0.0014%	4h	0.02316	+0.043%	$1.2M	$1.1M	25x	as long as short
BloFin AIXBT-USDT	+0.0052%	4h	0.02310	−0.216%	$122K	$81K	50x	as long as short
Hyperliquid AIXBTshort	+0.0100%	1h	0.02321	+0.251%	$396K	$207K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02320	+0.205%	$2.4M	$3.5M	50x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02319	+0.173%	$481K	$1.7M	20x	as long as short
Gate AIXBT_USDTlong	+0.0100%	4h	0.02315	long leg	$213K	$86K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02320	+0.216%	$688K	$234K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02316	+0.043%	$1.2M	$1.4M	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	0.02320	+0.216%	$662K	$563K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02317	+0.086%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0273% / S −0.0486%	1h	0.02320	+0.194%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02316	+0.049%	—	—	—	as long as short