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 Bitget+0.093%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$910.913% of the position

Long on Bitget Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.093%, 7d avg −0.026%

Together, before fees−0.055%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 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 0.119% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AIXBTUSDT	0.02263	0.0100	pay 0.0050% / 4h	2h 23m	$637K	$587K	20x
Short	Hyperliquid AIXBT	0.02265	0.0100	get 0.0013% / 1h	23m 22s	$388K	$207K	3x

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

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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 BitgetbpFee HyperliquidbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → −0.026%: $11.86
Slippage, 4 orders: −$70.32
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$79.46
Costs to cover: 0.913%
Break-even: never at this rate

Slippage from Bitget: live order book, 22 min ago; Hyperliquid: live order book, 46 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 Bitget live order book, 22 min ago	6.53 bp	28.7 bp −$29	119.0 bp −$1,190	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 46 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	−0.1428%	1h	0.02255	−0.345%	$18K	$5K	10x	as long as short
Variational Omni AIXBT	−0.0119%	4h	0.02251	−0.547%	$97K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0081%	4h	0.02261	−0.088%	$119K	$82K	50x	as long as short
Hyperliquid AIXBTshort	+0.0100%	1h	0.02265	+0.093%	$388K	$207K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02263	0.000%	$2.4M	$3.6M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02259	−0.177%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02260	−0.133%	$455K	$1.7M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02263	0.000%	$215K	$96K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02262	−0.044%	$637K	$252K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02263	0.000%	$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 AIXBTUSDTlong	+0.0100%	4h	0.02263	long leg	$637K	$587K	20x
BingX AIXBT-USDT	+0.0100%	4h	0.02258	−0.221%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0271% / S −0.0486%	1h	0.02263	−0.013%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02261	−0.094%	—	—	—	as long as short