Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1507%/8h= −165.0% APRpaid last 24h −0.306%

Price spread now: Kraken Futures against Binance−0.205%54s7-day average — · you buy dearer than you sell

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

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$45 a day on $10k at the current rate, and Kraken Futures is 0.205% cheaper against Binance than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AIXBTUSDT	0.02294	0.0100	pay 0.0050% / 4h	2h 15m	$2.4M	$3.7M	50x
Short	Kraken Futures PF_AIXBTUSD	0.02289	−0.1407	pay 0.0176% / 1h	15m 27s	$19K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.205%Rate

Funding earned: −$316.43
Price spread: −0.205% → 0.000%: −$20.49
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$356.92
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 6 min ago; Kraken Futures: no order-book sample. 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 Binance live order book, 6 min ago	2.19 bp	21.6 bp −$22	145.2 bp −$1,452	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_AIXBTUSDshort	−0.1407%	1h	0.02289	−0.205%	$19K	$5K	10x
Variational Omni AIXBT	−0.0060%	4h	0.02296	+0.071%	$99K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02294	+0.013%	$392K	$208K	3x	as long as short
Binance AIXBTUSDTlong	+0.0100%	4h	0.02294	long leg	$2.4M	$3.7M	50x
Bybit AIXBTUSDT	+0.0100%	4h	0.02291	−0.113%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02291	−0.131%	$460K	$1.7M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02296	+0.087%	$223K	$99K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02293	−0.044%	$661K	$258K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02295	+0.044%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02297	+0.131%	$640K	$590K	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	0.02295	+0.044%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0122%	4h	0.02288	−0.262%	$117K	$83K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0271% / S −0.0486%	1h	0.02292	−0.096%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02292	−0.070%	—	—	—	as long as short