Settings8H · net · $10k
Funding arb · Price arb /

REZ

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.065%
Price spread now: Hyperliquid against Bitget+0.209%7-day average +0.184% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$910.907% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.209%+$21 on $10k
Price spread, last 7 days+0.015%+$2 · spread now +0.209%, 7d avg +0.184%
Together, before fees+0.224%+ Points / potential airdropHyperliquid: Season 2 · farm board+$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.025% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.184%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget REZUSDT0.0038240.0100pay 0.0050% / 4h2h 37m$602K$1.2M50x
ShortHyperliquid REZ0.0038320.0136get 0.0017% / 1h37m 21s$1.6M$504K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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
$7.55
Price spread: +0.209% → +0.184%
$2.47
Slippage, 4 orders
−$69.73
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$80.71
Costs to cover
0.907%
Break-even
81.8 days
Slippage from Bitget: live order book, 4 min ago; Hyperliquid: live order book, 3 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 Bitget live order book, 4 min ago3.93 bp14.4 bp −$1465.4 bp −$654doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago2.61 bp23.8 bp −$24doesn't fitdoesn't fitdoesn't fit

REZ on 12 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
BloFin REZ-USDT+0.0097%4h0.003823−0.026%$329K$50K50xas long as short
Aster REZUSDT+0.0100%4h0.003823−0.035%$18K$37K5xas long as short
Binance REZUSDT+0.0100%4h0.003823−0.032%$4.9M$8.9M50xas long as short
Gate REZ_USDT+0.0100%4h0.003820−0.105%$396K$127K10xas long as short
MEXC REZ_USDT+0.0100%4h0.003823−0.026%$1.3M$443K50xas long as short
KuCoin REZUSDTM+0.0100%4h0.003822−0.052%$452K$94K30xas long as short
Bitget REZUSDTlong+0.0100%4h0.003824long leg$602K$1.2M50x
Variational Omni REZ+0.0100%4h0.003818−0.169%$77K$47Kas long as short
Bybit REZUSDT+0.0101%4h0.003829+0.131%$1.5M$1.0M25xas long as short
BingX REZ-USDT+0.0102%4h0.0038240.000%$6.6Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid REZshort+0.0136%1h0.003832+0.209%$1.6M$504K3x
Kraken Futures PF_REZUSD+0.0136%1h0.003820−0.098%$44K$10K10xas long as short