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: Binance against Bitget+0.040%7-day average −0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$990.988% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.040%, 7d avg −0.077%

Together, before fees+0.065%+$7 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: Binance is 0.117% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AIXBTUSDT	0.02245	0.0100	pay 0.0050% / 4h	1h 55m	$638K	$459K	20x
Short	Binance AIXBTUSDT	0.02246	0.0100	get 0.0050% / 4h	1h 55m	$2.3M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → −0.077%: $11.72
Slippage, 4 orders: −$76.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$87.13
Costs to cover: 0.988%
Break-even: never at this rate

Slippage from Bitget: live order book, 25 min ago; Binance: 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 Bitget live order book, 25 min ago	8.89 bp	26.0 bp −$26	141.4 bp −$1,414	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	2.24 bp	25.5 bp −$26	100.9 bp −$1,009	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	−0.0904%	1h	0.02242	−0.128%	$19K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0057%	4h	0.02241	−0.187%	$98K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0083%	4h	0.02243	−0.089%	$118K	$63K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02248	+0.134%	$373K	$179K	3x	as long as short
Binance AIXBTUSDTshort	+0.0100%	4h	0.02246	+0.040%	$2.3M	$2.9M	50x
Bybit AIXBTUSDT	+0.0100%	4h	0.02242	−0.134%	$1.2M	$959K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02244	−0.045%	$449K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02243	−0.089%	$192K	$79K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02245	0.000%	$460K	$181K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02244	−0.045%	$1.2M	$1.4M	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDTlong	+0.0100%	4h	0.02245	long leg	$638K	$459K	20x
BingX AIXBT-USDT	+0.0100%	4h	0.02240	−0.223%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02246	+0.049%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02245	+0.004%	—	—	—	as long as short