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: Bybit against Bitget−0.168%7-day average −0.135% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1051.049% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.168%, 7d avg −0.135%

Together, before fees+0.115%+$12 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: Bybit is 0.034% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AIXBTUSDT	0.02257	0.0100	pay 0.0050% / 4h	59m 46s	$643K	$454K	20x
Short	Bybit AIXBTUSDT	0.02253	0.0100	get 0.0050% / 4h	59m 46s	$1.2M	$963K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.168%Rate

Funding earned: $0
Price spread: −0.168% → −0.135%: −$3.38
Slippage, 4 orders: −$81.91
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$108.29
Costs to cover: 1.049%
Break-even: never at this rate

Slippage from Bitget: live order book, 15 min ago; Bybit: live order book, 1 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, 15 min ago	2.22 bp	19.0 bp −$19	132.9 bp −$1,329	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	4.44 bp	25.4 bp −$25	199.0 bp −$1,990	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	−0.0900%	1h	0.02253	−0.168%	$20K	$5K	10x	as long as short
BloFin AIXBT-USDT	+0.0064%	4h	0.02256	−0.044%	$119K	$63K	50x	as long as short
Variational Omni AIXBT	+0.0099%	4h	0.02251	−0.279%	$99K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02258	+0.035%	$374K	$179K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02256	−0.044%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDTshort	+0.0100%	4h	0.02253	−0.168%	$1.2M	$963K	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02257	0.000%	$453K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02255	−0.089%	$193K	$80K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02256	−0.044%	$448K	$188K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02255	−0.089%	$1.1M	$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	0.02257	long leg	$643K	$454K	20x
BingX AIXBT-USDT	+0.0100%	4h	0.02257	0.000%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02256	−0.027%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02256	−0.047%	—	—	—	as long as short