Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bitget+0.044%7-day average −0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1791.791% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.044%, 7d avg −0.080%

Together, before fees−0.049%−$5 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: Gate is 0.125% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AIXBTUSDT	0.02268	0.0100	pay 0.0050% / 4h	3h 46m	$638K	$464K	20x
Short	Gate AIXBT_USDT	0.02269	0.0100	get 0.0050% / 4h	3h 46m	$201K	$97K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.080%: $12.45
Slippage, 4 orders: −$152.13
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$166.68
Costs to cover: 1.791%
Break-even: never at this rate

Slippage from Bitget: live order book, 23 min ago; Gate: live order book, 19 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, 23 min ago	2.21 bp	17.4 bp −$17	89.6 bp −$896	doesn't fit	doesn't fit
Sell Gate live order book, 19 min ago	6.62 bp	60.0 bp −$60	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	−0.1551%	1h	0.02264	−0.165%	$18K	$7K	10x	as long as short
Bybit AIXBTUSDT	−0.0679%	4h	0.02264	−0.185%	$1.2M	$983K	25x	as long as short
Variational Omni AIXBT	+0.0044%	4h	0.02260	−0.368%	$100K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02268	+0.004%	$376K	$180K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02267	−0.044%	$2.4M	$2.9M	50x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02264	−0.176%	$458K	$1.5M	20x	as long as short
Gate AIXBT_USDTshort	+0.0100%	4h	0.02269	+0.044%	$201K	$97K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02267	−0.044%	$471K	$187K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02269	+0.044%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDTlong	+0.0100%	4h	0.02268	long leg	$638K	$464K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02265	−0.132%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0101%	4h	0.02265	−0.132%	$118K	$64K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0270% / S −0.0489%	1h	0.02267	−0.040%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02265	−0.148%	—	—	—	as long as short