Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1002%/8h= −109.7% APRpaid last 24h −0.244%

Price spread now: Kraken Futures against BingX−0.044%7-day average — · you buy dearer than you sell

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

Long on BingX 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 −$30 a day on $10k at the current rate, and Kraken Futures is 0.044% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AIXBT-USDT	0.02248	0.0100	pay 0.0050% / 4h	1h 33m	—	$6.6M	—
Short	Kraken Futures PF_AIXBTUSD	0.02247	−0.0902	pay 0.0113% / 1h	33m 50s	$20K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$210.42
Price spread: −0.044% → 0.000%: −$4.4
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$234.82
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 3 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 BingX live order book, 3 min ago	2.22 bp	19.0 bp −$19	89.8 bp −$898	633.8 bp −$63.4K	967.5 bp −$483.7K
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	−0.0902%	1h	0.02247	−0.044%	$20K	$7K	10x
Variational Omni AIXBT	+0.0045%	4h	0.02247	−0.056%	$99K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02251	+0.125%	$374K	$178K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02249	+0.055%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02245	−0.133%	$1.2M	$959K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02247	−0.044%	$450K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02246	−0.089%	$193K	$80K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02249	+0.044%	$444K	$184K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02247	−0.044%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02252	+0.178%	$645K	$457K	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-USDTlong	+0.0100%	4h	0.02248	long leg	—	$6.6M	—
BloFin AIXBT-USDT	+0.0118%	4h	0.02247	−0.044%	$117K	$63K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02246	−0.107%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02242	−0.245%	—	—	—	as long as short