Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.018%

Price spread now: Hyperliquid against Variational Omni−0.078%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.078% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 4.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AIXBT	0.02247	0.0045	pay 0.0022% / 4h	1h 34m	$99K	$11K	—
Short	Hyperliquid AIXBT	0.02245	0.0100	get 0.0013% / 1h	34m 17s	$373K	$178K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now −0.078%Rate

Funding earned: $11.56
Price spread: −0.078% → 0.000%: −$7.75
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$5.19
Costs to cover: 0.090%
Break-even: 10.1 days

Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 36 min ago. Net counts fees only.

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 Variational Omni no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 36 min ago	1.34 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0902%	1h	0.02247	+0.012%	$20K	$7K	10x	as long as short
Variational Omni AIXBTlong	+0.0045%	4h	0.02247	long leg	$99K	$11K	—
Hyperliquid AIXBTshort	+0.0100%	1h	0.02245	−0.078%	$373K	$178K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02246	−0.036%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02242	−0.211%	$1.2M	$959K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02245	−0.078%	$449K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02247	+0.012%	$193K	$80K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02244	−0.122%	$443K	$184K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02245	−0.078%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02249	+0.101%	$644K	$457K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02245	−0.078%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0118%	4h	0.02247	+0.012%	$117K	$63K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02246	−0.051%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02242	−0.189%	—	—	—	as long as short