Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

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

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$820.821% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.044%, 7d avg −0.080%

Together, before fees+0.007%+$1 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: MEXC is 0.036% dearer against Bitget than usual: you sell high and buy low, +$4 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	0.02265	0.0100	pay 0.0050% / 4h	2h 38m	$639K	$577K	20x
Short	MEXC AIXBT_USDT	0.02264	0.0100	get 0.0050% / 4h	2h 38m	$660K	$242K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.080%: $3.6
Slippage, 4 orders: −$66.05
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$78.46
Costs to cover: 0.821%
Break-even: never at this rate

Slippage from Bitget: live order book, 7 min ago; MEXC: live order book, 62 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, 7 min ago	6.53 bp	28.7 bp −$29	119.0 bp −$1,190	doesn't fit	doesn't fit
Sell MEXC live order book, 62 min ago	2.15 bp	12.7 bp −$13	42.0 bp −$420	128.3 bp −$12.8K	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	−0.1427%	1h	0.02257	−0.348%	$18K	$5K	10x	as long as short
Variational Omni AIXBT	−0.0072%	4h	0.02273	+0.359%	$100K	$10K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02267	+0.066%	$386K	$205K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02265	+0.010%	$2.4M	$3.6M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02262	−0.132%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02265	0.000%	$461K	$1.7M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02263	−0.088%	$219K	$95K	25x	as long as short
MEXC AIXBT_USDTshort	+0.0100%	4h	0.02264	−0.044%	$660K	$242K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02265	0.000%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDTlong	+0.0100%	4h	0.02265	long leg	$639K	$577K	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	0.02260	−0.221%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0109%	4h	0.02258	−0.309%	$120K	$81K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0271% / S −0.0486%	1h	0.02261	−0.168%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02260	−0.202%	—	—	—	as long as short