Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Hyperliquid+0.074%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$820.823% of the position

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.074%, 7d avg +0.025%

Together, before fees−0.157%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 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: Bitget is 0.049% dearer against Hyperliquid than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AIXBT	0.02303	0.0100	pay 0.0013% / 1h	12m 26s	$391K	$185K	3x
Short	Bitget AIXBTUSDT	0.02305	0.0100	get 0.0050% / 4h	3h 12m	$642K	$473K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → +0.025%: $4.87
Slippage, 4 orders: −$61.28
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$77.41
Costs to cover: 0.823%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 37 min ago; Bitget: live order book, 58 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 Hyperliquid live order book, 37 min ago	1.32 bp	12.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 58 min ago	2.21 bp	31.0 bp −$31	100.6 bp −$1,006	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	−0.1527%	1h	0.02300	−0.136%	$19K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0059%	4h	0.02292	−0.506%	$101K	$11K	—	as long as short
Hyperliquid AIXBTlong	+0.0100%	1h	0.02303	long leg	$391K	$185K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02302	−0.058%	$2.4M	$3.0M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02298	−0.230%	$1.2M	$974K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02300	−0.143%	$476K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02301	−0.100%	$203K	$98K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02302	−0.056%	$458K	$193K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02301	−0.100%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDTshort	+0.0100%	4h	0.02305	+0.074%	$642K	$473K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02303	−0.013%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0112%	4h	0.02298	−0.230%	$120K	$66K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0263% / S −0.0442%	1h	0.02302	−0.065%	$4K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02300	−0.126%	—	—	—	as long as short