Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Hyperliquid+0.065%7-day average +0.026% · you sell dearer than you buy

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

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.065%, 7d avg +0.026%

Together, before fees−0.157%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 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: Bitget is 0.039% dearer against Hyperliquid than usual: you sell high and buy low, +$4 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	Hyperliquid AIXBT	0.02305	0.0100	pay 0.0013% / 1h	59m 58s	$393K	$206K	3x
Short	Bitget AIXBTUSDT	0.02307	0.0100	get 0.0050% / 4h	3h 59m	$675K	$547K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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 HyperliquidbpFee BitgetbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.026%: $3.86
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$17.14
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 20 min ago; Bitget: live order book, 55 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 Hyperliquid live order book, 20 min ago	2.61 bp	16.0 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 55 min ago	6.56 bp	34.7 bp −$35	135.8 bp −$1,358	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	−0.1276%	1h	0.02304	−0.074%	$19K	$5K	10x	as long as short
BloFin AIXBT-USDT	+0.0057%	4h	0.02301	−0.195%	$120K	$78K	50x	as long as short
Hyperliquid AIXBTlong	+0.0100%	1h	0.02305	long leg	$393K	$206K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02305	−0.030%	$2.4M	$3.3M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02301	−0.195%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02303	−0.108%	$455K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02304	−0.065%	$202K	$102K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02305	−0.022%	$654K	$232K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02304	−0.065%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDTshort	+0.0100%	4h	0.02307	+0.065%	$675K	$547K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02302	−0.152%	—	$6.6M	—	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02300	−0.234%	$101K	$10K	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02306	+0.017%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02304	−0.070%	—	—	—	as long as short