Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BingX−0.044%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$439as in the Funding arb table

Net, price: spread back to 7d avg − costs−$425as in the Price arb table

costs, in and out, $10k−$4214.212% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.178%−$18 on $10k

Price spread, last 7 days−0.025%−$3 · spread now −0.044%, 7d avg −0.007%

Together, before fees−0.203%−$20 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 0.037% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AIXBT-USDT	0.02293	0.0100	pay 0.0050% / 4h	3h 55m	—	$6.6M	—
Short	KuCoin AIXBTUSDTM	0.02292	0.0100	get 0.0050% / 4h	3h 55m	$1.1M	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.007%: −$3.71
Slippage, 4 orders: −$399.21
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$424.92
Costs to cover: 4.212%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; KuCoin: live order book, 10 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 BingX live order book, 12 min ago	2.18 bp	19.4 bp −$19	86.6 bp −$866	681.1 bp −$68.1K	1030.0 bp −$515.0K
Sell KuCoin live order book, 10 min ago	4.35 bp	200.9 bp −$201	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	−0.2440%	1h	0.02291	−0.089%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	+0.0048%	4h	0.02292	−0.060%	$99K	$12K	—	as long as short
BloFin AIXBT-USDT	+0.0098%	4h	0.02291	−0.087%	$94K	$92K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02294	+0.022%	$406K	$231K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02293	0.000%	$2.5M	$4.3M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02291	−0.087%	$1.2M	$1.3M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02292	−0.044%	$462K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02294	+0.044%	$214K	$140K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02292	−0.044%	$701K	$282K	100x	as long as short
KuCoin AIXBTUSDTMshort	+0.0100%	4h	0.02292	−0.044%	$1.1M	$1.5M	30x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDT	+0.0100%	4h	0.02294	+0.044%	$656K	$643K	20x	as long as short
BingX AIXBT-USDTlong	+0.0100%	4h	0.02293	long leg	—	$6.6M	—
GMX AIXBT/USD [ETH-USDC]	L +0.0247% / S −0.0698%	1h	0.02293	−0.009%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02292	−0.038%	—	—	—	as long as short