Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0012%/8h= −1.4% APRpaid last 24h +0.001%

Price spread now: Hyperliquid against BloFin+0.361%7-day average +0.028% · you sell dearer than you buy

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

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

Price spread, last 3 days (all we have)−0.270%−$27 · spread now +0.361%, 7d avg +0.028%

Together, before fees−0.409%+ Points / potential airdropHyperliquid: Season 2 · farm board−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.333% dearer against BloFin than usual: you sell high and buy low (spread +0.361% now, against its 7-day average of +0.028%): +$33 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.138% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AIXBT-USDT	0.02241	0.0112	pay 0.0056% / 4h	1h 27m	$118K	$63K	50x
Short	Hyperliquid AIXBT	0.02249	0.0100	get 0.0013% / 1h	27m 10s	$374K	$178K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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 BloFinbpFee HyperliquidbpOrdersPrice spread, now +0.361%Rate

Funding earned: −$2.62
Price spread: +0.361% → +0.028%: $33.34
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $9.72
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: BloFin: live order book, 45 min ago; Hyperliquid: live order book, 43 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 BloFin live order book, 45 min ago	2.23 bp	35.1 bp −$35	71.7 bp −$717	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 43 min ago	1.34 bp	doesn't fit	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	−0.0902%	1h	0.02247	+0.252%	$20K	$7K	10x	as long as short
Variational Omni AIXBT	+0.0035%	4h	0.02240	−0.035%	$99K	$11K	—	as long as short
Hyperliquid AIXBTshort	+0.0100%	1h	0.02249	+0.361%	$374K	$178K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02247	+0.280%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02244	+0.134%	$1.2M	$958K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02245	+0.178%	$449K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02245	+0.178%	$192K	$80K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02247	+0.268%	$443K	$185K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02246	+0.223%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02250	+0.402%	$645K	$455K	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	+0.178%	—	$6.6M	—	as long as short
BloFin AIXBT-USDTlong	+0.0112%	4h	0.02241	long leg	$118K	$63K	50x
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02246	+0.219%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02244	+0.143%	—	—	—	as long as short