Settings8H · net · $10k
Funding arb · Price arb /

NOT

all NOT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid+0.059%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1191.185% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.244%+$24 on $10k
Price spread, last 4 days (all we have)+0.076%+$8 · spread now +0.059%, 7d avg +0.055%
Together, before fees+0.320%+ Points / potential airdropHyperliquid: Season 2 · farm board+$32 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid NOT0.00050700.0100pay 0.0013% / 1h32m 23s$359K$55K3x
ShortBitget NOTUSDT0.00050730.0100get 0.0050% / 4h3h 32m$673K$411K50x

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

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

Funding earned
$0
Price spread: +0.059% → +0.055%
$0.4
Slippage, 4 orders
−$97.54
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$118.14
Costs to cover
1.185%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 47 min ago; Bitget: live order book, 18 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 47 min ago19.68 bp29.9 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 18 min ago8.84 bp20.9 bp −$21170.4 bp −$1,704doesn't fitdoesn't fit

NOT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NOT−0.0318%4h0.0005076+0.121%$72K$38Kas long as short
KuCoin NOTUSDTM−0.0258%4h0.0005062−0.158%$473K$128K50xas long as short
Injective NOT/USDC PERP+0.0033%1h0.0004874−3.866%$1K$13K5.5xas long as short
BloFin NOT-USDT+0.0058%4h0.0005090+0.394%$111K$18K50xas long as short
Lighter 1000NOT+0.0096%1h0.0005080+0.199%$11K$4K3xas long as short
Hyperliquid NOTlong+0.0100%1h0.0005070long leg$359K$55K3x
Aster NOTUSDT+0.0100%4h0.0005071+0.018%$14K$9K5xas long as short
Binance NOTUSDT+0.0100%4h0.0005072+0.036%$2.1M$3.0M50xas long as short
Bybit NOTUSDT+0.0100%4h0.0005062−0.158%$2.1M$856K25xas long as short
OKX NOT-USDT-SWAP+0.0100%4h0.00050700.000%$643K$673K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NOT_USDT+0.0100%4h0.0005069−0.020%$140K$70K50xas long as short
MEXC NOT_USDT+0.0100%4h0.0005072+0.039%$1.4M$440K200xas long as short
Bitget NOTUSDTshort+0.0100%4h0.0005073+0.059%$673K$411K50x
BingX NOT-USDT+0.0100%4h0.0005071+0.020%$8.7Mas long as short
Extended kNOT-USD+0.0104%1h0.0005070+0.006%$4K5xas long as short
Kraken Futures PF_NOTUSD+0.1127%1h0.0005072+0.042%$49K$7K10xas long as short