Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Gate+0.106%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1531.531% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.106%, 7d avg +0.052%

Together, before fees0.000%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 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 0.054% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AIXBT_USDT	0.02269	0.0100	pay 0.0050% / 4h	54m 03s	$194K	$80K	25x
Short	Hyperliquid AIXBT	0.02271	0.0100	get 0.0013% / 1h	54m 03s	$377K	$179K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.106%Rate

Funding earned: $0
Price spread: +0.106% → +0.052%: $5.36
Slippage, 4 orders: −$129.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$147.77
Costs to cover: 1.531%
Break-even: never at this rate

Slippage from Gate: live order book, 17 min ago; Hyperliquid: live order book, 6 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 Gate live order book, 17 min ago	4.45 bp	48.7 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.55 bp	22.7 bp −$23	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	−0.1245%	1h	0.02266	−0.122%	$20K	$6K	10x	as long as short
Hyperliquid AIXBTshort	+0.0100%	1h	0.02271	+0.106%	$377K	$179K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02270	+0.044%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02268	−0.044%	$1.2M	$967K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02271	+0.088%	$458K	$1.5M	20x	as long as short
Gate AIXBT_USDTlong	+0.0100%	4h	0.02269	long leg	$194K	$80K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02270	+0.044%	$451K	$183K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02269	0.000%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02271	+0.088%	$647K	$454K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02271	+0.088%	—	$6.6M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AIXBT	+0.0100%	4h	0.02259	−0.454%	$99K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0139%	4h	0.02272	+0.132%	$119K	$64K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0270% / S −0.0489%	1h	0.02270	+0.053%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02269	+0.020%	—	—	—	as long as short