Funding arb · Price arb /

AIXBT

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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: KuCoin against Bitget−0.176%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$419as in the Funding arb table

Net, price: spread back to 7d avg − costs−$419as in the Price arb table

costs, in and out, $10k−$4084.077% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.176%, 7d avg −0.059%

Together, before fees−0.060%−$6 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 0.116% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AIXBTUSDT	0.02276	0.0100	pay 0.0050% / 4h	1m 58s	$641K	$462K	20x
Short	KuCoin AIXBTUSDTM	0.02272	0.0100	get 0.0050% / 4h	1m 58s	$1.2M	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.176%Rate

Funding earned: $0
Price spread: −0.176% → −0.059%: −$11.64
Slippage, 4 orders: −$383.74
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$419.38
Costs to cover: 4.077%
Break-even: never at this rate

Slippage from Bitget: live order book, 8 min ago; KuCoin: live order book, 3 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, 8 min ago	2.21 bp	17.4 bp −$17	89.6 bp −$896	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	4.41 bp	186.1 bp −$186	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	−0.1242%	1h	0.02271	−0.203%	$18K	$7K	10x	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02259	−0.738%	$99K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02274	−0.070%	$377K	$181K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02272	−0.183%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02269	−0.299%	$1.2M	$982K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02271	−0.220%	$464K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02269	−0.308%	$202K	$96K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02272	−0.176%	$459K	$188K	100x	as long as short
KuCoin AIXBTUSDTMshort	+0.0100%	4h	0.02272	−0.176%	$1.2M	$1.4M	30x
Bitget AIXBTUSDTlong	+0.0100%	4h	0.02276	long leg	$641K	$462K	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	0.02272	−0.176%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0159%	4h	0.02272	−0.176%	$118K	$64K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0270% / S −0.0489%	1h	0.02273	−0.149%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02271	−0.223%	—	—	—	as long as short