Funding arb · Price arb /

AIXBT

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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: Hyperliquid against BingX+0.013%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$730.731% of the position

Long on BingX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now +0.013%, 7d avg +0.058%

Together, before fees+0.129%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 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 0.045% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AIXBT-USDT	0.02303	0.0100	pay 0.0050% / 4h	3h 12m	—	$6.6M	—
Short	Hyperliquid AIXBT	0.02303	0.0100	get 0.0013% / 1h	12m 21s	$391K	$185K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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 BingXbpFee HyperliquidbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.058%: −$4.52
Slippage, 4 orders: −$54.07
Fee BingX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$77.59
Costs to cover: 0.731%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Hyperliquid: live order book, 37 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 BingX live order book, 10 min ago	2.18 bp	22.3 bp −$22	76.6 bp −$766	635.3 bp −$63.5K	953.1 bp −$476.6K
Sell Hyperliquid live order book, 37 min ago	1.32 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	−0.1526%	1h	0.02301	−0.095%	$19K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0059%	4h	0.02292	−0.493%	$101K	$11K	—	as long as short
Hyperliquid AIXBTshort	+0.0100%	1h	0.02303	+0.013%	$391K	$185K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02301	−0.082%	$2.4M	$3.0M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02298	−0.217%	$1.2M	$974K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02299	−0.174%	$476K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02301	−0.087%	$203K	$98K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02302	−0.043%	$458K	$193K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02301	−0.087%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02304	+0.043%	$641K	$473K	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-USDTlong	+0.0100%	4h	0.02303	long leg	—	$6.6M	—
BloFin AIXBT-USDT	+0.0112%	4h	0.02298	−0.217%	$120K	$66K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0263% / S −0.0442%	1h	0.02303	0.000%	$4K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02300	−0.113%	—	—	—	as long as short