Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0272%/8h= +29.8% APRpaid last 24h —

Price spread now: Reya against BingX−0.224%50s7-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 Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.224% cheaper against BingX than usual: you would sell low and buy high (spread −0.224% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 2.7 days of funding at the current rate (+$8 a day). The two prices were read 50 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	BingX AIXBT-USDT	0.02296	0.0100	pay 0.0050% / 4h	1h 13m	—	$6.6M	—
Short	Reya AIXBTRUSDPERP	0.02291	0.0372	get 0.0047% / 1h	13m 34s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ReyabpOrdersPrice spread, now −0.224%Rate

Funding earned: $57.16
Price spread: −0.224% → 0.000%: −$22.41
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $18.75
Costs to cover: 0.160%
Break-even: 4.7 days

Slippage unknown: BingX: live order book, 4 min ago; Reya: 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, 4 min ago	2.17 bp	21.2 bp −$21	112.4 bp −$1,124	555.2 bp −$55.5K	845.4 bp −$422.7K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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_AIXBTUSD	−0.1149%	1h	0.02291	−0.229%	$19K	$7K	10x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02295	−0.022%	$394K	$203K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02298	+0.087%	$2.4M	$3.2M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02295	−0.044%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02296	0.000%	$452K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02296	0.000%	$202K	$101K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02298	+0.087%	$611K	$217K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02298	+0.087%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02303	+0.305%	$661K	$529K	20x	as long as short
BingX AIXBT-USDTlong	+0.0100%	4h	0.02296	long leg	—	$6.6M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AIXBT	+0.0100%	4h	0.02299	+0.133%	$101K	$10K	—	as long as short
BloFin AIXBT-USDT	+0.0137%	4h	0.02293	−0.131%	$119K	$76K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0271% / S −0.0486%	1h	0.02291	−0.205%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERPshort	+0.0372%	1h	0.02291	−0.224%	—	—	—