Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against KuCoin+0.267%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$415as in the Funding arb table

Net, price: spread back to 7d avg − costs−$411as in the Price arb table

costs, in and out, $10k−$4344.339% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$18 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.267%, 7d avg +0.039%

Together, before fees+0.069%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 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 0.228% dearer against KuCoin than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AIXBTUSDTM	0.02287	0.0100	pay 0.0050% / 4h	19m 14s	$1.1M	$1.5M	30x
Short	Hyperliquid AIXBT	0.02293	0.0100	get 0.0013% / 1h	19m 14s	$406K	$227K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now +0.267%Rate

Funding earned: $0
Price spread: +0.267% → +0.039%: $22.76
Slippage, 4 orders: −$412.93
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$411.17
Costs to cover: 4.339%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Hyperliquid: live order book, 30 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 KuCoin live order book, 6 min ago	4.38 bp	213.5 bp −$214	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 30 min ago	1.94 bp	20.6 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	−0.0894%	1h	0.02285	−0.101%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	+0.0010%	4h	0.02279	−0.345%	$99K	$11K	—	as long as short
Hyperliquid AIXBTshort	+0.0100%	1h	0.02293	+0.267%	$406K	$227K	3x
Binance AIXBTUSDT	+0.0100%	4h	0.02291	+0.175%	$2.5M	$4.3M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02288	+0.044%	$1.2M	$1.3M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02290	+0.131%	$461K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02288	+0.044%	$213K	$139K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02290	+0.131%	$693K	$280K	100x	as long as short
KuCoin AIXBTUSDTMlong	+0.0100%	4h	0.02287	long leg	$1.1M	$1.5M	30x
Bitget AIXBTUSDT	+0.0100%	4h	0.02290	+0.131%	$638K	$659K	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	0.02288	+0.044%	—	$6.7M	—	as long as short
BloFin AIXBT-USDT	+0.0159%	4h	0.02288	+0.044%	$120K	$91K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0247% / S −0.0698%	1h	0.02287	+0.009%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02289	+0.104%	—	—	—	as long as short