Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against Binance+0.048%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$490as in the Funding arb table

Net, price: spread back to 7d avg − costs−$466as in the Price arb table

costs, in and out, $10k−$4734.726% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 7 days+0.002%$0 · spread now +0.048%, 7d avg −0.017%

Together, before fees−0.169%−$17 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: KuCoin is 0.065% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AIXBTUSDT	0.02245	0.0100	pay 0.0050% / 4h	1h 29m	$2.4M	$2.9M	50x
Short	KuCoin AIXBTUSDTM	0.02246	0.0100	get 0.0050% / 4h	1h 29m	$1.2M	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → −0.017%: $6.49
Slippage, 4 orders: −$450.6
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$466.11
Costs to cover: 4.726%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; KuCoin: live order book, 6 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, 6 min ago	2.22 bp	22.0 bp −$22	129.2 bp −$1,292	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	4.45 bp	166.8 bp −$167	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	−0.0903%	1h	0.02244	−0.046%	$20K	$7K	10x	as long as short
Variational Omni AIXBT	+0.0035%	4h	0.02240	−0.209%	$99K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0100%	4h	0.02242	−0.130%	$118K	$63K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02246	+0.035%	$373K	$178K	3x	as long as short
Binance AIXBTUSDTlong	+0.0100%	4h	0.02245	long leg	$2.4M	$2.9M	50x
Bybit AIXBTUSDT	+0.0100%	4h	0.02242	−0.130%	$1.2M	$959K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02244	−0.041%	$449K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02244	−0.041%	$192K	$80K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02245	+0.003%	$443K	$185K	100x	as long as short
KuCoin AIXBTUSDTMshort	+0.0100%	4h	0.02246	+0.048%	$1.2M	$1.4M	30x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDT	+0.0100%	4h	0.02249	+0.182%	$644K	$457K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02244	−0.041%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02244	−0.028%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02241	−0.165%	—	—	—	as long as short