Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.130%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1081.078% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days+0.070%+$7 · spread now −0.130%, 7d avg −0.061%

Together, before fees+0.050%+$5 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: Bybit is 0.069% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AIXBTUSDT	0.02314	0.0100	pay 0.0050% / 4h	53m 01s	$2.5M	$4.2M	50x
Short	Bybit AIXBTUSDT	0.02311	0.0100	get 0.0050% / 4h	53m 01s	$1.2M	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.130%Rate

Funding earned: $0
Price spread: −0.130% → −0.061%: −$6.85
Slippage, 4 orders: −$86.84
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$114.69
Costs to cover: 1.078%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 3 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 Binance live order book, 14 min ago	2.15 bp	24.5 bp −$24	118.3 bp −$1,183	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	6.49 bp	32.2 bp −$32	202.6 bp −$2,026	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	−0.0883%	1h	0.02311	−0.121%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	−0.0020%	4h	0.02311	−0.127%	$100K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02315	+0.039%	$394K	$211K	3x	as long as short
Binance AIXBTUSDTlong	+0.0100%	4h	0.02314	long leg	$2.5M	$4.2M	50x
Bybit AIXBTUSDTshort	+0.0100%	4h	0.02311	−0.130%	$1.2M	$1.2M	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02316	+0.086%	$475K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02315	+0.043%	$219K	$132K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02312	−0.086%	$703K	$272K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02313	−0.043%	$1.2M	$1.5M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02315	+0.043%	$653K	$628K	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	0.02313	−0.043%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0117%	4h	0.02313	−0.043%	$122K	$92K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0248% / S −0.0698%	1h	0.02311	−0.151%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02312	−0.072%	—	—	—	as long as short