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: Gate against Hyperliquid−0.178%7-day average −0.052% · you buy dearer than you sell

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

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.178%, 7d avg −0.052%

Together, before fees+0.029%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 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: Gate is 0.125% cheaper against Hyperliquid than usual: you would sell low and buy high, −$13 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	Hyperliquid AIXBT	0.02307	0.0100	pay 0.0013% / 1h	0m 23s	$394K	$206K	3x
Short	Gate AIXBT_USDT	0.02303	0.0100	get 0.0050% / 4h	0m 23s	$202K	$102K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.178%Rate

Funding earned: $0
Price spread: −0.178% → −0.052%: −$12.54
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.54
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 19 min ago; Gate: live order book, 51 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, 19 min ago	2.61 bp	16.0 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 51 min ago	11.00 bp	56.8 bp −$57	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	−0.1277%	1h	0.02301	−0.282%	$19K	$5K	10x	as long as short
BloFin AIXBT-USDT	+0.0057%	4h	0.02301	−0.264%	$120K	$78K	50x	as long as short
Hyperliquid AIXBTlong	+0.0100%	1h	0.02307	long leg	$394K	$206K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02306	−0.060%	$2.4M	$3.3M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02301	−0.264%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02303	−0.178%	$455K	$1.6M	20x	as long as short
Gate AIXBT_USDTshort	+0.0100%	4h	0.02303	−0.178%	$202K	$102K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02305	−0.091%	$654K	$232K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02304	−0.134%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02305	−0.091%	$674K	$547K	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	0.02302	−0.221%	—	$6.6M	—	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02300	−0.304%	$101K	$10K	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02306	−0.052%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02304	−0.140%	—	—	—	as long as short